Velvendo Gilbert AZ Records 35% Rise in Home Listings

Through August, the Velvendo subdivision in Gilbert Arizona reported 27 active home listings for sale so far in 2015. At 13 homes for sale the 400,000-499,999 price category reported one of the greatest numbers of properties. The overall number of active listings in Velvendo posted a 35% rise from the same time range one year ago, which saw 20 houses for sale, a year-to-year net advance of 7 listings. The area's average active listed price year to date of $501,290 recorded a reduction of 1.2% below the average listed price of $507,198 from the same period in 2014. Home listings are taking longer to sell this year on average. When compared to this period last year, the average days on market for actively listed for sale houses in Velvendo was 272 days, a rise of 57.2%.

Residential Sales Report 29% Rise. Velvendo saw a total of 9 property sales year to date as of August 2015, and the average sales price of $464,752 fell 5.0% from the average price of $489,043 from this time period during 2014. The total amount of sold listings in Velvendo saw a 28.6% gain from the same reporting period in 2014, which posted 7 properties sold, a year-to-year advance of 2 completed sales. At 5 house sales year to date, the 400,000-499,999 price bracket posted one of the greatest numbers of completed transactions.

Sam Lawmaster is a Gilbert REALTOR and listing specialist. Statistics provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current Velvendo real estate info or to request a free no obligation evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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