Allen Ranch in Gilbert Shows 21% Decline in Home Listings

Through the month of August 2015, the Allen Ranch subdivision in Gilbert AZ reported 22 actively listed homes for sale this year. The 400,000-499,999 price category showed one of the highest numbers of houses for sale at 13 units listed. The total amount of active residential listings in Allen Ranch posted a 21.4% decrease over the same time range one year ago, which posted 28 houses for sale, a year-over-year fall of 6 residential properties. The average year-to-date active listed price posted a net drop of .7% compared to the same time period in 2014, decreasing to $404,234. Listed houses for sale appear to be taking less days to sell this year on average. In comparison to this reporting period a year ago, the cumulative days on market for actively listed houses for sale in Allen Ranch was 51 days, a drop of 21.5%.

Property Sales Show 7% Gain. Allen Ranch has seen 16 residential property sales year to date as of August 2015 as the average sales price of $398,783 showed a rise of 2.1% from this time range in 2014. In comparison to the same period one year ago, which saw 15 houses sold, Allen Ranch saw a 6.7% rise in total amount of sold residential listings, a year-to-year net gain 1 completed sale. The 300,000-399,999 price bracket posted one of the largest numbers of property sales this year at 8 closed transactions.

Information supplied by ARMLS and deemed accurate but not guaranteed; percentages rounded. To receive current Allen Ranch real estate information or to request a free evaluation of your property, please call Gilbert Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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