The Islands Gilbert AZ Active Home Listings See 13% Drop

Through August 31, 2015, the The Islands development in Gilbert Arizona recorded a total of 46 actively listed for sale homes so far this year. With 17 residences for sale the 250,000-299,999 price category FALSElistings. The total amount of active residential listings in The Islands saw a 13.2% decrease when compared to this time range during 2014, which had 53 for sale homes, a year-over-year fall of 7 units. The year-to-date average active list price showed a decrease of 4.9% from the same reporting period a year ago, dropping to $316,153. Properties for sale are taking more time to sell this year on average. In comparison to this time period a year ago, the cumulative days on market for active residential listings in The Islands was 69 days, an advance of 3.0%.

House Prices Show 8.8% Decrease. The Islands showed a total of 33 residential properties sold year to date through the month of August 2015, and the average closed sales price of $272,879 recorded a reduction of 8.8% from the average price of $299,080 from the same reporting period last year. The overall number of sold listings in The Islands recorded a 6.5% rise when compared to this time range in 2014, which reported 31 sold properties, a year-over-year net advance of 2 completed transactions. At 8 house sales year to date, the 250,000-299,999 price category saw one of the largest numbers of completed transactions.

Sam Lawmaster is a Gilbert real estate listing specialist. Info provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most recent The Islands real estate info or to request a free evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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