Gilbert Ranch Gilbert Decreases 28% in Homes For Sale

By the end of August 2015, the Gilbert Ranch neighborhood in Gilbert showed a total of 38 actively listed houses for sale during this year, and the 200,000-249,999 price category showed one of the highest numbers of residences for sale at 17 properties listed. The overall amount of active residential listings in Gilbert Ranch had a 28.3% reduction from the same period in 2014, which showed 53 properties for sale, a year-over-year net decline of 15 homes. The area's year-to-date average active list price posted a net rise of 4.5% from the same time range a year ago, reaching $243,908. Listings are requiring less market time this year on average. In comparison to this time period one year ago, the cumulative days on market (CDOM) for active residential listings in Gilbert Ranch was 60 days, a reduction of 7.7%.

Property Sales Show 25% Drop. Gilbert Ranch posted a total of 21 home sales year to date as of August 31, 2015, and the average closed sales price of $221,562 posted a net reduction of .3% from this time period in 2014. In comparison to the same reporting period last year, which reported 28 properties sold, Gilbert Ranch showed a 25% reduction in overall number of sold listings, a year-to-year reduction 7 closed sales. With 10 property sales year to date, the 200,000-249,999 price range posted one of the highest numbers of completed sales.

Stats provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most current Gilbert Ranch real estate information or to obtain a free no obligation evaluation of your current home, please call Gilbert real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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