Sonoma Ranch Gilbert Gains 60% in Residences Sold

As of August 2015, the Sonoma Ranch community in Gilbert AZ posted 24 homes sold year to date as the average price of $283,608 showed a net increase of 16.1% from this period a year ago. When compared to the same reporting period a year ago, which recorded 15 sold properties, Sonoma Ranch experienced a 60% rise in overall number of sold listings, a net increase 9 completed transactions. With 11 house sales year to date, the 250,000-299,999 price bracket reported one of the greatest numbers of sales.

Listings See 57% Gain. Sonoma Ranch posted 33 actively listed for sale homes so far in 2015 through August 31. At 15 houses for sale, the 250,000-299,999 price range showed one of the greatest numbers of listings. The overall number of active listings in Sonoma Ranch had a 57.1% rise from the same period during 2014, which showed 21 properties for sale, a year-to-year net advance of 12. The year-to-date average active list price of $279,212 posted an increase of 10.3% above the average price of $253,162 from the same time period a year ago. Residential listings are staying on the maket longer this year on average. In comparison to this period one year ago, the cumulative days on market (CDOM) for active listings in Sonoma Ranch was 60 days, an increase of 57.9%.

Market statistics provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current Sonoma Ranch real estate market info or to request a complimentary evaluation of your property, 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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