Stratland Estates Gilbert Posts 43% Gain in Residential Sales

As of August, the Stratland Estates subdivision in Gilbert Arizona showed 20 residential property sales year to date. The average sales price of $387,985 posted a gain of 13.3% from the same reporting period in 2014. In comparison to the same reporting period during 2014, which showed 14 sold homes, Stratland Estates showed a 42.9% gain in total amount of sold residential listings, a net advance 6 sales. Reporting 15 house sales year to date, the 300,000-399,999 price range showed one of the highest numbers of completed transactions.

Listings See 33% Uptick. Stratland Estates had a total of 40 active for sale properties so far in 2015 through the end of August. Reporting 30 houses for sale, the 300,000-399,999 price bracket recorded one of the largest numbers of units. When compared to this time period one year ago, which saw 30 properties for sale, Stratland Estates posted a 33.3% rise in the total inventory of active listings, showing a net advance of 10 properties. The year-to-date average active list price showed a rise of 5.8% compared to this reporting period last year, reaching $388,581. Residences for sale are requiring less market time this year on average. In comparison to this period a year ago, the cumulative days on market (CDOM) for active properties for sale in Stratland Estates was 54 days, a decrease of 34.2%.

Sam Lawmaster is a Gilbert REALTOR specializing in residential listings. Market data supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive current Stratland Estates real estate market info or to request a free evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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