Gilbert 85297 Sees 15% Rise in Homes Sold

Through the month of October 2015, 85297 recorded 713 homes sold year to date, and the average closed sales price of $300,268 showed a gain of 4.6% over the average price of $286,951 from the same period in 2014. Compared to this reporting period last year, which saw 618 properties sold, 85297 showed a 15.4% rise in total volume of sold listings, showing a net increase 95 completed sales transactions. At 209 residential home sales year to date, the 200,000-249,999 price bracket recorded one of the greatest numbers of completed sales.

Houses For Sale Prices Report 5.1% Rise. 85297 reported 1,074 active properties for sale so far in 2015 through October. Reporting 292 houses for sale, the 200,000-249,999 price range saw one of the largest numbers of units. When compared to the same time range in 2014, which showed 1,094 for sale homes, 85297 reported a 1.8% fall in the total inventory of active residential listings, a year-over-year drop of 20 homes. The area's average active listed price year to date of $346,915 showed a gain of 5.1% above the average price of $330,034 from the same reporting period a year ago. The cumulative days on market for active property listings in 85297 was 61 days through October, which is a 10.3% fall compared to the same time period last year. Houses for sale are requiring less time on market to sell this year on average.

Info courtesy of ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent local real estate information or to obtain a free evaluation of your home, please call 85297 Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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