Coronado Ranch Gilbert AZ Shows 26% Downturn in Listings

Through August 2015, the Coronado Ranch subdivision in Gilbert, Arizona posted 74 active home listings so far this year. The 300,000-399,999 price range reported one of the highest numbers of homes for sale at 40 properties listed. When compared to this period during 2014, which showed 100 for sale homes, Coronado Ranch showed a 26% fall in the overall number of active residential listings, a year-to-year fall of 26 homes. The area's average year-to-date active listed price recorded a net advance of 5.1% in comparison to the same period during 2014, advancing to $310,971. Properties for sale are staying on the maket longer this year on average. Compared to the same time range one year ago, the cumulative days on market for active home listings for sale in Coronado Ranch was 70 days, a rise of 16.7%.

Home Sales Show 17% Uptick. Coronado Ranch showed a total of 55 home sales year to date as of August 2015 as the average price of $291,075 posted an increase of 3.4% from the same reporting period during 2014. When compared to the same time period last year, which had 47 sold homes, Coronado Ranch posted a 17% gain in overall volume of sold residential listings, a year-over-year advance 8 completed sales. Reporting 26 houses sold year to date, the 300,000-399,999 price bracket showed one of the greatest numbers of closed sales.

Sam Lawmaster is a Gilbert REALTOR who specializes in residential listings. Statistics supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most current Coronado Ranch real estate info or to obtain a complimentary evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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