Town of Gilbert AZ Reports 11% Gain in Residential Sales

As of October, Gilbert has seen 4,515 residential property sales year to date, and the average closed sales price of $287,771 showed a gain of 3.8% over the average price of $277,132 from the same time period during 2014. The overall volume of sold listings in Gilbert had a 10.8% increase from the same time range in 2014, which showed a volume of 4,075 sold homes, a year-over-year net rise of 440 completed sales transactions. With 1,280 residential property sales year to date, the 200,000-249,999 price category had one of the largest numbers of completed sales.

House Listing Prices Show 5% Uptick. Gilbert recorded 7,036 active for sale homes so far in 2015 through October. With 1,781 residences for sale the 300,000-399,999 price category posted one of the largest numbers of units listed. When compared to this period last year, which reported 7,085 residences for sale, Gilbert had a 0.7% reduction in the overall number of active listings, a year-over-year net drop of 49 residential properties. The area's average active list price year to date of $324,049 posted a gain of 5% over the average list price of $308,745 from this period one year ago. Listed houses for sale are staying on the maket less days this year on average. When compared to this time range during 2014, the cumulative days on market for active home listings for sale in Gilbert was 65 days, a decrease of 5.8%.

Data provided by ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive the most current local real estate info or to request a free evaluation of your home, please call Gilbert Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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