Based on MLS SOLD data comparisons for July 2010 versus a year ago July 2009, Gilbert Real EstateSales 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 104days 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 homesAZ 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
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.
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 Email Samyour Gilbert real estate questions for expert advice.
For expert guidance with your next real estate transaction, call Sam at 480-213-1799 Phoenix Real Estate Agent and Arizona Real Estate Broker Full time real estate professional since 1990