Stonebridge Lakes Gilbert AZ Active Listed Homes Record 36% Drop

The Stonebridge Lakes neighborhood in Gilbert, Arizona saw 18 active properties for sale so far in 2015 through August 31. At 7 houses for sale, the 250,000-299,999 price category reported one of the largest numbers of listings. The overall active listings inventory in Stonebridge Lakes saw a 35.7% drop compared to the same period last year, which showed 28 residences for sale, a year-over-year net decrease of 10 properties. The area's average active list price year to date of $266,511 saw an increase of 0.2% over the average price of $266,037 from the same time period in 2014. The cumulative days on market for actively listed properties in Stonebridge Lakes was 163 days through the end of August. This is a 288.1% increase compared to the same time range last year. Listed properties are taking more time to sell this year on average.

House Sales Show 31% Decline. Through the month of August 2015, Stonebridge Lakes had a total of 11 residential home sales year to date as the average price of $247,077 posted a drop of 1.6% from this reporting period in 2014. The overall volume of sold residential listings in Stonebridge Lakes posted a 31.2% drop when compared to this period one year ago, which reported 16 sold residences, a year-to-year net drop of 5 closed transactions. The 200,000-249,999 price range saw one of the largest numbers of sales this year at 4 completed purchases.

Market statistics courtesy of ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent Stonebridge Lakes real estate market info or to obtain a free evaluation of your home, please call Gilbert REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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