Gilbert AZ Real Estate Market Summary

Gilbert AZ Real Estate Market Summary

The Gilbert AZ real estate market summary contains detailed information regarding the current climate in real estate. This data shows us what most buyers and sellers are experiencing right now in our local Gilbert housing market.

Inventory in Gilbert AZ is very low right now and based on the absorption rate of 2.5 months, we can see that we are currently experiencing a “seller’s market.” If you are thinking about listing your home for sale, then now is a great time to jump in with both feet. If you are a home buyer, then the absorption rate will be important for you to consider when writing an offer on a home. In a “seller’s market,” a buyer is more likely to face multiple offer situations or have difficulty finding a home to meet all of their wants and needs. If you are a home seller, then the absorption rate will be important for you to consider when pricing your home for sale. In a “seller’s market,” a seller is more likely to achieve a higher sales price or get closer to asking price than if they were trying to sell in a “buyer’s market.”

In a “seller’s market,” the number of listings will be down, listing prices will be up and the sold to list ratio will also be higher. Click on the Market Summary report for more detailed information regarding home sales in Gilbert AZ.

Market Summary Report – Gilbert November 2015

Absorption Rates Defined:

1 – 4: If the absorption rate falls in the range between 1 and 4, then we consider that a “seller’s market” meaning there are fewer homes on the market for sale and therefore less competition for sales in the neighborhood. In a “seller’s market” a home seller may decide to price their home more aggressively based on the limited supply of homes on the market.

4 – 7: An absorption rate anywhere from 4 to 7 indicates a more balanced market where neither buyers nor sellers have the upper hand. Homes that are priced well and show well are still likely to sell relatively quickly in a balanced market.

7+ : An absorption rate higher than 7 tells us that there are more than 7 months supply worth of inventory of homes for sale in that neighborhood which indicates a “buyer’s market.”

If you are a homeowner in Gilbert and you are thinking about selling your home, then please don’t hesitate to contact Keely Semon. If you would like a FREE market analysis of your property, then you are welcome to fill out the form below, and Keely will be happy to provide you with detailed information on your home’s current value. If you are curious about what the home sold for down the street in your neighborhood, then please call 480.220.1321 today!

Complete this form for a FREE Market Analysis of your property:

If you have any questions about the information presented in this Gilbert AZ Real Estate Market Summary, then please don’t hesitate to contact Keely Semon.

Keely is an experienced, local Realtor serving the areas of Gilbert, Chandler, Queen Creek and the surrounding communities in the East Valley. She would be honored to assist you on your real estate journey and help you to navigate the process of buying and selling AZ Real Estate.

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

Huge Single Level Home for Sale with Casita

Do you absolutely LOVE this floorplan, but you don’t really need the extra space or cost of the casita? If the answer is YES, then I might have the perfect home waiting for you and it is completely move-in ready NOW! Call Keely today for details at 480.220.1321.

Sunridge with Casita

This huge single level home for sale with casita is currently under construction in a new build community located on the border of Gilbert and Queen Creek. With over 4000 square feet of living space in the main home, there is room for everyone and everything! The main home with the casita is a total of 4561 square feet! The fabulous great room floor plan offers wide open spaces for living and entertaining and features an oversized master bedroom suite and 3 additional bedrooms each with private en suite bathrooms, an additional half bathroom for guests, teen room, hobby room, dining room, gourmet kitchen with a 12 foot kitchen island and a large kitchen nook. If you are looking for space and room to grow, then this is the house for you! The lot size is just about 20,000 sq ft so there is plenty of room for the additional guest casita in the backyard with 537 sq ft of living space. The casita has it’s own front porch, a living area, bedroom and private bathroom. This home is the perfect solution for growing families or empty nesters who enjoy entertaining and have regular visitors. The casita would also make the perfect office space for someone who works from home or has their own business.

If you are interested in finding out more about this fantastic huge single level home for sale with casita, then please don’t wait to call Keely Semon at 480.220.1321 for details! There are also other homes available in the neighborhood, but they are selling fast and will soon be completely sold out! If you don’t need the casita, then why not purchase the model home which is now available to buy! Upgrades galore and easy to move-in with completed front and back yard landscaping!

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

8 Fees You Should Expect to Pay at Closing

Home buyers often wonder what types of fees are involved with financing a home purchase. This is a list of the most common 8 fees you should expect to pay at closing.

8 Fees You Should Expect to Pay at Closing

1. PROPERTY TAXES – The amount you pay will depend on the month you close because property taxes will be pro-rated between the buyer and the seller.

2. HOMEOWNER’S INSURANCE – Home buyers are required to pay for an entire year’s premium of homeowner’s insurance (also called hazard insurance) at closing.

3. PREPAID INTEREST – The amount you pay will depend on the day of the month that your home loan closes. This fee can vary from a full month’s interest to only a few days worth of interest.

4. PRIVATE MORTGAGE INSURANCE (PMI) – Some buyers will have to pay PMI but this will depend on the amount of your down payment. If you meet the minimum required down payment then you will not have to pay for PMI, otherwise there will be a charge for PMI that will be placed in an an escrow account.

5. TITLE INSURANCE FEES – These charges will cover the buyer’s title policy and also the lender’s title policy (ALTA). The title company may have other fees associated with title search, settlement, recording, notary, document preparation, and/or title examination fees. These fees will vary from title company to title company.

6. ADMINISTRATIVE, LOAN PROCESSING, AND UNDERWRITING FEES – All of these fees are charged by the lender and will vary from lender to lender so it is important to shop around. These fees are charged for processing your loan request, gathering all of the required documentation, and evaluating your home loan application package.

The fees listed below may also apply to your situation, however they are not standard fees across the board for all home buyers.

7. LOAN ORIGINATION FEE – This is a fee that is charged by the lender for administrative costs involved with creating or “originating” the new loan. This is typically expressed as a percentage of the total loan amount.

8. LOAN DISCOUNT/POINTS – These are typically referred to as points in the mortgage world which is just another term used to describe a fee paid for by the buyer to lower their interest rate. One point is equivalent to 1% of the loan amount.

Keely Semon is an experienced, local Gilbert Realtor, serving the areas of Gilbert, Chandler, Queen Creek and the surrounding areas. Keely would be honored to assist you on your real estate journey and help you navigate through the process of buying and selling AZ Real Estate. If you would like a FREE market analysis of your home’s current value, then please don’t hesitate to contact Keely. Or, if you are simply curious about what your neighbor’s home sold for down the street, then all you have to do is ask!

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

Happy Halloween | Gilbert AZ Realtor | Gilbert AZ Real Estate

Happy Halloween from Gilbert AZ! Stay safe and enjoy this beautiful AZ weather! If you aren’t living in AZ, why not? This is the most perfect place to live, well at least 9 months out of the year anyway! The summer heat is worth every minute, when we get to spend our fall and winter days wearing shorts and t-shirts!

If you are thinking about buying or selling a home in the Southeast Valley, including Chandler, Gilbert, Queen Creek, and the surrounding areas, then please don’t hesitate to reach out to Keely Semon, Realtor with United Brokers Group. #MovetoAZ, #WeHaveBetterWeatherinAZ, #AZRealEstate, #KeelySemon, #AZRealtor

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

First Time Home Buyers in Gilbert AZ

One of my favorite things to do as a real estate professional, is to help first time home buyers in Gilbert AZ. Gilbert is an absolutely wonderful place to live and work and it is very affordable too! Single family detached home prices in Gilbert start at around $175,000 so there truly is something for practically every home buyer!

Gilbert AZ is ranked as #2 for “Housing Affordability” for first time buyers and Gilbert is ranked #16 overall on the list of the best and worst cities in the United States for first time home buyers! If you look at medium sized cities, Gilbert ranks in the top 5!

Click on the map below for details and to see where each city ranked across the US:

Source: WalletHub

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

Gilbert AZ Ranks #3 for Jobs

Are you looking for work? Consider making a move to Gilbert AZ, recently ranked by Forbes as the #3 best city for jobs in the United States. Only falling behind #1 Seattle and #2 Des Moines, one could argue that the weather in Gilbert far outranks both of those cities and the housing prices in Gilbert are much less than in Seattle and the location is much more desirable than Des Moines. You truly can live and work in a vacation destination, although you might want to buy a bigger house to accommodate all of your out-of-town family and friends who suddenly became house guests!

A single family, detached home in Gilbert starts at around $170,000 and goes up from there. The median sold price for a home in Gilbert in August 2015 was $257,658. Inventory was down 11.0% from July 2015, new contracts were also up slightly by 2.6%, and closed sales dropped 12.0%. This is all related to the lower inventory levels we are experiencing in Gilbert. This also means that it is a great time to sell if you are considering a move. The average number of days on market for Gilbert is 61 and that is much less than the state average. Call today for a FREE Market Analysis of your home’s current value.

Gilbert AZ Market Report August 2015

Keely Semon
Gilbert AZ Realtor
United Brokers Group
480.220.1321

It’s Time to Get Your MOVE ON in Arizona!!

Now that summer has unofficially started as another school year has ended in Arizona, it’s definitely time to get your MOVE ON! If you are hoping to buy or sell your home in Gilbert, AZ or the surrounding areas of Chandler and Queen Creek, then don’t wait another minute! Give me a call today at 480.220.1321 if you’d like a FREE market analysis of your home’s current value and/or if you are ready to get out there and find your dream home. I would be honored to assist you on your next adventure and I absolutely love helping buyers and sellers make their dreams a reality!

If you are wondering when is the best time of year to sell your home in Arizona, then look no further, the time is NOW! There are many buyers on the hunt and looking to get settled into their next home before the new school year begins, so if you are planning to list your home for sale, don’t wait! If you are one of those buyers trying to move this summer, then please give me a call! It’s important to work with an experienced local Realtor who will be there with you every step of the way…from finding your dream home and writing the contract to getting your offer accepted and walking you through the inspection and appraisal process through the final walk-thru and closing! I am passionate about helping buyers and sellers by arming them with knowledge and ensuring the process runs smoothly, and is handled with ease and professionalism!

Keely is an experienced, local Gilbert AZ Realtor®, and she will be honored to assist you on your real estate journey and help you navigate through the process of buying and selling Gilbert AZ Real Estate.

Keely Semon
Gilbert AZ Realtor®
United Brokers Group
480.220.1321

Hidden Gems in Real Estate…Worth Every Penny!

Real estate is not a cut and dry business, there is no set formula for calculating the value of a property and there are often hidden gems that make a property unique. These hidden gems not only increase the value, but they also increase the appeal for home buyers. If you are a home buyer, then you should always be on the lookout for these hidden treasures while you are house hunting.

Active Rain recently polled over 1500 real estate agents and asked them to identify the top hidden gems in real estate. Overwhelmingly, amazing views and neighborhood quality made the top of the list with 69% of agents rating these as the most sought after gems. Great schools and a new roof came in as a close second at 66%, followed by backing to green space at 50% and outside living space hit 48% (this is a HUGE gem for our local housing market in Arizona where outdoor living is year-round). Granite countertops, extra storage space, and a large yard also made the list of important hidden gems with over 30% of the vote.

There are many other features that may be important to buyers even if they are not included in this list of hidden gems. Things that make a home special to a specific buyer are often the intangibles of real estate like the “feeling” they get when they walk in the home for the first time, or perhaps the amazing neighbors or the vicinity of a home to work or another place of importance like church or their favorite family activities. These are the things that you cannot put a price on, but they have an impact on everyday living and lifestyle. A home is more than just a house, it is place to do life together as a family and it is a place to gather with your friends and make memories.

If you are looking to buy or sell a home in Gilbert, Arizona or the surrounding areas like Chandler and Queen Creek, then please don’t hesitate to give me a call. I’d love to help you find a home that has the hidden gems you are looking for and I’d love the opportunity to help you place a value on the hidden gems found in your current home that will set it apart from all of the other homes on the market!

Keely Semon
Gilbert AZ Realtor®
United Brokers Group
480.220.1321

When is the Best Time of Year to Sell My Home in Arizona?

“When is the best time of year to sell my home in Arizona?” This is one of the most common questions people ask when they are thinking about listing their home for sale. Every market varies, but here in the East Valley of Arizona, the market data shows us that our buyer demand peaks during the months of March, April, May and June. We are currently experiencing heavy buyer activity, which means it is an excellent time to list your home for sale! Many buyers are looking to purchase a home before the summer hits and this is especially true for families with school-aged children who are looking to move and get settled into their new home before the school year begins again in July and August. Perhaps there is a buyer out there just waiting for a home like yours to hit the market!

So, if you are asking the question, “When is the best time of year to sell my home in Arizona?” then the answer is: NOW! If you would like a FREE market analysis of your home’s current value, then please don’t hesitate to contact Keely Semon at 480.220.1321. She will be happy to educate you on the local real estate market and provide you with a detailed comparative market analysis (CMA) for your home.

Keely Semon
Gilbert AZ Realtor®
United Brokers Group
480.220.1321

How to Find Your Dream Home

Have you ever thought about buying your “dream home?” Can you imagine your picture perfect home down to every last detail? If this describes you, then before you start searching for that perfect home, it’s a really good idea to get your “dreams” written down on paper…a tangible list that you can provide your Realtor® to help narrow down your home search! It’s important to identify your absolute must haves and separate those from your wish list of things that would be nice to have but that you could live without. You should also remember to be flexible because once you start house hunting and touring real homes, you may realize that your “dream home” has changed in appearance. Maybe your dream included a grand staircase and a two-story foyer, but after looking at homes, you’ve decided that you really prefer single level homes with no stairs. This is a huge discovery and if something changes in your preferences along the way, then be sure to communicate that to your Realtor® so they can fine tune your search criteria and improve your chances of success.

Zillow recently published a blog titled, “How to Find Your Dream Home,” and featured a checklist approach to help buyers categorize their “dreams” into actual property characteristics, everything from air conditioning (which is obviously a MUST HAVE in Arizona!) down to floorplan and yard/lot size. Once you begin your house hunt, you may discover that the things you thought were must haves are truly just wants and that you are much more flexible than you think you are. Many buyers have a picture of their “dream home” in mind, but the actual home they end up purchasing may not necessarily meet their initial set of criteria. But, buyer will often say that the home they decided to buy just gave them a “feeling” of home and they could picture themselves living there. Feel free to print off the checklist below and then contact Keely Semon at 480.220.1321 to discuss your list of must haves so she can help you find your “dream home” today!

If you would like to begin the search for your “dream home,” then please don’t hesitate to contact Keely Semon today! Keely is an experienced, local Gilbert AZ Realtor®, and she will be honored to assist you on your real estate journey and help you navigate through the process of making your dreams a reality in the markets of Gilbert AZ Real Estate and the surrounding areas of Chandler and Queen Creek.

Keely Semon
Gilbert AZ Realtor®
United Brokers Group
480.220.1321