Freeman Farms Gilbert AZ Active Listings See 5% Decline

The Freeman Farms development in Gilbert reported 64 actively listed houses for sale during 2015 through the month of August. The 300,000-399,999 price category showed one of the greatest numbers of homes for sale with 36 units listed. The total active residential listings inventory in Freeman Farms posted a 4.5% decrease when compared to this reporting period during 2014, which showed 67 residences for sale, a year-over-year decrease of 3 units. The area's average year-to-date active list price recorded a net fall of 2.4% from the same time period last year, declining to $387,981. The cumulative days on market (CDOM) for active homes for sale in Freeman Farms was 92 days through the month of August. This is a 10.8% gain from the average in comparison to this time period one year ago. Listings are on the market longer this year on average.

Home Prices Decrease 0.8%. Through the end of August 2015, Freeman Farms has seen a total of 25 residential listings sold year to date as the average sales price of $380,055 fell .8% from the average closed price of $383,130 from the same time range in 2014. The total number of sold residential listings in Freeman Farms reported a 0% change compared to the same time range during 2014, which showed a volume of 25 sold homes, a net change of completed sales. Reporting 11 residential listings sold year to date, the 300,000-399,999 price category reported one of the highest numbers of sales.

Stats supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive current Freeman Farms real estate market info or to obtain a free no obligation evaluation of your current property, please call Gilbert REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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