Marbella Vineyards Gilbert Residential Sales See 43% Gain

As of August, the Marbella Vineyards community in Gilbert, Arizona had a total of 20 homes sold year to date, and the average closed sales price of $296,829 showed a net decline of 10.6% from the same time period a year ago. The overall number of sold listings in Marbella Vineyards showed a 42.9% rise over the same reporting period a year ago, which posted a volume of 14 home sales, a year-to-year rise of 6 closed transactions. The 300,000-399,999 price bracket had one of the highest numbers of completed sales this year at 9 closed transactions.

Home Listings Post 14% Decline. Marbella Vineyards recorded a total of 43 active residences for sale so far in 2015 through the end of August. At 20 homes for sale the 300,000-399,999 price range posted one of the highest numbers of units. The total active listings inventory in Marbella Vineyards recorded a 14% drop compared to the same reporting period a year ago, which had 50 residences for sale, a year-over-year net reduction of 7 homes. The area's average active listed price year to date showed a net decline of .1% from the same time period in 2014, dropping to $328,953. Listed houses for sale are taking more time to sell this year on average. When compared to this time period last year, the cumulative days on market (CDOM) for actively listed houses for sale in Marbella Vineyards was 120 days, a rise of 25.0%.

Info provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive the most current Marbella Vineyards real estate info or to request a free evaluation of your current property, please call Gilbert real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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