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Based on MLS SOLD data comparisons for July 2010 versus a year ago July 2009, Gilbert Real Estate Sales volume is DOWN 5.4%, yet the average SOLD price is DOWN 6.8% while the average Days On Market to find Gilbert home buyers has DECLINED from 104 days to 103 days. This is a good time to buy one of the Gilbert homes AZ and get a great value.

The average sales price for Gilbert AZ homes for sale in July 2010 as compared to the month earlier is UP to $214,655 while the average sales price for Gilbert Condos/Lofts/Town  homes for sale AZ is DOWN to $101,889.

Gilbert real estate is a Strong Seller's Market with a 4 month supply of Gilbert AZ homes for sale based upon the current absorption rate and the days on market equal to 3.43 months. But sellers still need to evaluate if this is the best time to sell their home because sales prices are still lower than they were a year ago. If it is, then make ALL repairs before putting your home on the market and follow my guidelines for
staging your home for success.

This is an excellent time for Gilbert home buyers to purchase one of the Gilbert homes for sale AZ in a quality neighborhood or one of the luxury, lakefront Gilbert homes AZ in the desert while their is sufficient supply to ensure you will have good choices to choose from while Gilbert home sellers are motivated to negotiate. Unlike traditional sales, foreclosures are sold "as is" without repairs. So banks aggressively discount Gilbert AZ foreclosures to get them off their books with the sale price close to or above list price.  

Gilbert is rapidly expanding and is becoming a "close in" location as growth extends south and east into Pinal County.
In the southeast quadrant of Phoenix, you'll find the charming city of Gilbert with many new shopping centers at every exit along the newly completed 202 corridor and the brand new San Tan Mall. The Red Mountain 202 loop east of I-10 and the 101 Loop completed in 2009 to provide easy access to work from the beautiful Gilbert family neighborhoods with new schools, parks, ballparks, walking paths and open spaces in this young, progressive, master-planned city.

Gilbert has great schools, Community College, low crime, lots of shopping, quality medical care, parks and recreation facilities remains a very desirable town with an exceptional quality of life making residents proud to call Gilbert home - and it is only getting better. Buyers - check out the values! Gilbert is dynamic and desirable by everyone's measure. In fact Gilbert has recently been recognized nationally by both Money Magazine and Business Week as being #36 of "100 best places" to raise a family and the best place in Arizona to live. Scottsdale # 71 was the only other city in Arizona named in the top "100 Best Places". Congratulations to both cities for the recognition of all the hard work to make your communities the envy of the rest of the country. Take a look at Gilbert before you consider buying a home anywhere else.

Want to learn why Gilbert is a great place to call home? 
 Contact me at 480-213-1799 or via email at
Sam@SamElam.com

Gilbert Real Estate Market Statistics Affecting
Gilbert AZ Homes for Sale during July 2010

Statistical Market Analysis

Status

# Listings List Volume Sold Volume   List Price Sold Price Sale/List Price Agent Days On Market Cumulative Days On Market

Active

1,648

379,032,590

0

Low
Avg
High

39,000
229,996
2,400,000

0
0
0

0.00
0.00
0.00

0
91
1,210

0
107
1,210

AWC-Seller Written Instructions

430

83,086,534

0

Low
Avg
High

60,000
193,224
1,500,000

0
0
0

0.00
0.00
0.00

5
130
793

5
135
1,167

AWC-Existing Option to Purchase

3

698,900

0

Low
Avg
High

138,900
232,967
375,000

0
0
0

0.00
0.00
0.00

19
154
268

18
151
260

AWC-Contingent Offers

88

16,809,885

0

Low
Avg
High

83,000
191,021
550,000

0
0
0

0.00
0.00
0.00

14
113
480

14
116
517

Pending

570

117,326,554

0

Low
Avg
High

35,900
205,836
950,000

0
0
0

0.00
0.00
0.00

0
68
686

0
84
678

Closed

420

90,370,704

88,012,638

Low
Avg
High

35,900
215,168
875,000

35,000
209,554
850,000

0.80
0.98
1.13

2
81
610

0
103
922

Overall

3,159

687,325,167

88,012,638

Low
Avg
High

35,900
217,577
2,400,000


 
 


 
 

0
91
1,210

0
106
1,210

Versus

Gilbert Real Estate Market Statistics Affecting 
Gilbert Homes AZ Sold during July 2009

Statistical Market Analysis

Status

# Listings List Volume Sold Volume   List Price Sold Price Sale/List Price Agent Days On Market Cumulative Days On Market

Closed

444

102,132,416

99,843,372

Low
Avg
High

64,900
230,028
1,300,000

64,900
224,872
1,200,000

0.66
0.99
1.22

1
77
477

0
104
817

About Gilbert Arizona ...

The Gilbert community profile provides the town's history, employers, utilities and other data and more information all about Gilbert.

Gilbert demographic data
includes population studies, schools and employment in the area.
 
Gilbert children attend schools in the
Gilbert Unified School District and a boundary map
of the three school districts serving the Town of Gilbert.

Check out what is happening in Gilbert at the
Gilbert Arizona Chamber of Commerce
website.

Mercy Hospital in Gilbert, Arizona The new Mercy Hospital in Gilbert. Quite a lobby!

Banner Health MD Anderson Cancer Center at the Banner Gateway campus in Gilbert, Arizona scheduled for completion in 2011 (rendering) Banner Health and the University of Texas M.D. Anderson Cancer Center have partnered to open a $90 million cancer hospital on the Banner Gateway Medical Center campus in Gilbert. Banner Gateway campus is shown here.

Phoenix Arizona real estate agent, Sam Elam, specializes in Phoenix homes for sale and homes in Chander, Gilbert, Mesa and Scottsdale (Photo)
Sam Elam
Gilbert Real Estate Agent and Associate Broker
Full time Gilbert REALTOR® since 1990
ABR, CRS, GRI, e-PRO
Prudential Arizona Properties
3701 E. Baseline Road, Suite F-102, Gilbert, AZ 85234


 (480) 213-1799  Cell
      (480) 467-4900  Office 
            (800) 592-3360  Toll Free  
Sam Elam - Phoenix Real Estate agent specializing in Phoenix real estate investment, Phoenix luxury homes, Arizona active adult communities and Phoenix residential real estate.Email Sam
 your Gilbert real estate questions for expert advice. 


Prudential Arizona Properties
 serving:
 • Chandler  • Gilbert  • Mesa  • Fountain Hills  • Cave Creek 
• Phoenix - Biltmore   • Scottsdale - Kierland   • Scottsdale - Pinnacle Peak