Carol Rae Ranch Gilbert AZ Posts 28% Downturn in Homes For Sale

The Carol Rae Ranch development in Gilbert, AZ saw 28 actively listed houses for sale so far in 2015 through the month of August. The 200,000-249,999 price range had one of the highest numbers of houses for sale with 13 listings. The overall inventory of active listings in Carol Rae Ranch saw a 28.2% fall when compared to this period during 2014, which reported 39 residences for sale, a year-to-year net reduction of 11. The average active listed price year to date of $242,729 rose 5.4% over the average listed price of $230,282 from the same reporting period in 2014. The cumulative days on market (CDOM) for active properties for sale in Carol Rae Ranch was 77 days through the end of August. This is a 75.0% increase from the average compared to the same time period in 2014. Listed properties are staying on the market longer this year on average.

Houses Sold Drop 8%. Through the month of August 2015, Carol Rae Ranch had a total of 22 home sales year to date as the average sales price of $233,358 posted a gain of 3.0% above the average price of $226,519 from the same reporting period a year ago. In comparison to the same time period in 2014, which saw 24 sold properties, Carol Rae Ranch reported an 8.3% drop in overall number of sold residential listings, a year-over-year drop 2 closed sales transactions. With 11 home sales year to date, the 200,000-249,999 price range saw one of the highest numbers of completed transactions.

Information supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most current Carol Rae Ranch real estate info or to obtain a free evaluation of your current home, please call Gilbert REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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