Val Vista Lakes Gilbert AZ Active For Sale Homes Post 27% Decrease

Through August 2015, the Val Vista Lakes subdivision in Gilbert, Arizona saw 60 active for sale homes so far this year. The 300,000-399,999 price category posted one of the greatest numbers of homes for sale at 22 properties listed. The overall inventory of active listings in Val Vista Lakes experienced a 26.8% reduction over the same time period one year ago, which had 82 for sale homes, a year-to-year reduction of 22. The year-to-date average active listed price posted a net rise of 6.5% when compared to this reporting period a year ago, reaching $444,815. Listings are requiring more days on market to sell this year on average. In comparison to this reporting period last year, the average days on market for active for sale properties in Val Vista Lakes was 92 days, a gain of 16.5%.

Properties Sold Show 25% Decline. Val Vista Lakes had a total of 30 home sales year to date through the month of August 2015. The average price of $333,360 recorded a net decline of 9.5% from this time range a year ago. In comparison to the same time range during 2014, which reported 40 sold homes, Val Vista Lakes experienced a 25% reduction in total volume of sold residential listings, a year-over-year decrease 10 completed sales transactions. The 300,000-399,999 price range saw one of the largest numbers of sales this year with 13 completed transactions.

Statistics provided by ARMLS and deemed accurate but not guaranteed; percentages rounded. To receive current Val Vista Lakes real estate information or to obtain a free no obligation evaluation of your property, please call Gilbert real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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