The Bridges Gilbert Properties Sold Increase 36%

As of August 31, 2015, the The Bridges development in Gilbert recorded 15 residential property sales year to date. The average sales price of $343,702 recorded an advance of 11.7% from this reporting period one year ago. When compared to this time period one year ago, which had 11 houses sold, The Bridges saw a 36.4% rise in overall volume of sold listings, a year-to-year net rise 4 completed transactions. At 10 homes sold year to date, the 300,000-399,999 price category reported one of the largest numbers of closed transactions.

Houses For Sale Post 33% Downturn. The Bridges recorded 16 actively listed houses for sale so far in 2015 through August. At 12 residences for sale, the 300,000-399,999 price range recorded one of the highest numbers of units. The total number of active residential listings in The Bridges showed a 33.3% drop from the same time range one year ago, which showed 24 homes for sale, a year-over-year decrease of 8 homes. The average year-to-date active list price showed a net rise of 4.8% when compared to the same reporting period one year ago, rising to $346,080. The cumulative days on market (CDOM) for active residences for sale in The Bridges was 74 days through the month of August, showing an 8.6% drop from the average in comparison to this reporting period during 2014. Listed homes for sale are staying on the market less days this year on average.

Market statistics provided by ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive current The Bridges real estate information or to request a complimentary evaluation of your property, please call Gilbert real estate listing specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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