Spectrum Gilbert Sees 10% Increase in Home Sales

The Spectrum community in Gilbert, Arizona showed a total of 53 residential homes sold year to date through August 2015, and the average price of $264,698 posted an increase of 3.9% from the same time range one year ago. Compared to this reporting period during 2014, which posted 48 properties sold, Spectrum posted a 10.4% rise in total amount of sold listings, showing a net rise 5 closed sales. At 21 house sales year to date, the 200,000-249,999 price category had one of the greatest numbers of sales.

Homes For Sale Prices See 8.3% Uptick. As of August 2015, Spectrum had a total of 82 actively listed for sale houses this year. Reporting 28 residences for sale the 200,000-249,999 price category had one of the greatest numbers of listings. Compared to the same time period last year, which showed 85 for sale homes, Spectrum had a 3.5% drop in the overall inventory of active residential listings, a year-to-year reduction of 3. The average active list price year to date posted a net increase of 8.3% when compared to the same time range during 2014, rising to $281,873. Homes for sale are taking more time to sell this year on average. In comparison to this period a year ago, the cumulative days on market for active home listings for sale in Spectrum was 66 days, a rise of 1.5%.

Sam Lawmaster is a Gilbert real estate agent specializing in residential listings. Market data supplied by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most recent Spectrum real estate market info or to request a complimentary evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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