Power Ranch Gilbert Sees 19% Increase in Property Sales

The Power Ranch community in Gilbert saw a total of 267 residential homes sold year to date through the month of August 2015 as the average price of $266,392 posted a net increase of 5.8% from this time period during 2014. In comparison to the same reporting period last year, which had 224 properties sold, Power Ranch had a 19.2% advance in overall number of sold listings, showing a net gain 43 completed sales transactions. At 117 residential properties sold year to date, the 200,000-249,999 price bracket posted one of the greatest numbers of closed transactions.

House Listings See 7% Downturn. Through August, Power Ranch recorded 379 active homes for sale during 2015, and the 200,000-249,999 price category recorded one of the largest numbers of homes for sale with 160. When compared to the same time range last year, which posted 408 houses for sale, Power Ranch reported a 7.1% fall in the total active listings inventory, showing a net drop of 29. The area's average year-to-date active listed price advanced 7.1% when compared to the same reporting period a year ago, coming in at $277,790. The average days on market for active residential listings in Power Ranch was 53 days through the end of August, which is a 19.7% decline below the average when compared to this time range during 2014. Homes for sale appear to be taking less days to sell this year on average.

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

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