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

Gilbert AZ Real Estate Market Report

Gilbert AZ Real Estate Market Report

The Gilbert AZ real estate market is holding steady as of November 2015, although inventory levels still remain low, with many sellers choosing to wait to list their homes for sale until after the holidays. Gilbert saw 369 new listings hit the market during the month of November, which was down 34.8% from October. This is to be expected for this time of year as we have entered the holiday season, however as we move closer to the New Year, we expect many of the numbers on the graph below to transition from red back into the green. The number of new contracts was 396 which was down 8.5% month over month. There were 278 homes that closed escrow (sold and recorded) during the month of November and that number was down from the previous month, falling 21.9%.

If you are a homeowner in Gilbert and you are thinking about selling your home, then you will be interested to know that the median home price in Gilbert has increased to $265,000 which is up 3.9% from November 2014 when the median price was $255,000. If you would like a FREE market analysis of your property, then please contact Keely Semon or fill out the form below, and she 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 give Keely a call today at 480.220.1321!

If you are looking to buy a home in Gilbert, then the numbers below tell us that there were 947 active listings as of November. Single family homes range in price anywhere from $89,000 to $1,595,000 so there truly is a home available to suit almost every buyer and price point. The average days on market for a home in Gilbert was 62 which is still lower than the state average of 72 days.

Gilbert AZ Real Estate Market Report November 2015

Gilbert AZ Real Estate Market Report October 2015

Gilbert AZ Real Estate Market Report September 2015

Gilbert AZ Real Estate Market Report August 2015

Gilbert AZ Real Estate Market Report July 2015

Gilbert AZ Real Estate Market Report June 2015

Gilbert AZ Real Estate Market Report May 2015

Gilbert AZ Real Estate Market Report April 2015

Gilbert AZ Real Estate Market Report March 2015

Gilbert AZ Real Estate Market Report February 2015

Gilbert AZ Real Estate Market Report January 2015

Gilbert AZ Real Estate Market Report December 2014

Gilbert AZ Real Estate Market Report November 2014

Gilbert AZ Real Estate Market Report October 2014

Gilbert AZ Real Estate Market Report September 2014

Gilbert AZ Real Estate Market Report August 2014

Gilbert AZ Real Estate Market Report July 2014

Gilbert AZ Real Estate Market Report June 2014

Gilbert AZ Real Estate Market Report May 2014

Gilbert AZ Real Estate Market Report April 2014

Gilbert AZ Real Estate Market Report March 2014

Gilbert AZ Real Estate Market Report February 2014

Gilbert AZ Real Estate Market Report January 2014

Complete this form if you would like a FREE Market Analysis of your property:

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

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

Phoenix AZ Real Estate Market Report

Of course, the market report for the Gilbert area varies slightly, but most of the data is still applicable for our local housing market. The Gilbert AZ Real Estate Market Report provides a more detailed look at the numbers for our area. Thanks to Beth Cox, Lead Market Analyst for United Brokers Group, I am able to provide you with the following information regarding the Phoenix AZ Real Estate Market Report.

As you can see, Gilbert is currently experiencing a “seller’s market” where inventory levels are at a low of 2.36 months supply. This means that if not one more house were to hit the market for sale, then it would only take 2.36 months for all of the listings to be sold. It is a great time to sell in Gilbert, so if you are considering a move, now is the time to jump! Give me a call today for a FREE Market Analysis of your home’s current worth or fill out the form below.

“Arizona Regional MLS just reported that months of inventory (# Active/UCB listings divided by # sold that month) for Metro Phoenix ticked down in April to 3.08, down 20% from last April. Overall we see a seller’s market, but here are comparisons of inventory stats in 10 cities surrounding Phoenix (all dwelling types included), showing where we may expect the biggest price increases in the next couple of months.”

Areas with relatively low months of inventory (seller’s market):
Glendale: 1.92
Laveen: 2.12
Tempe: 2.24
Gilbert: 2.36
Mesa: 2.44

Areas with relatively high months of inventory (buyer’s market)
Paradise Valley: 10.66
Fountain Hills: 6.71
Scottsdale: 4.99
Queen Creek: 3.58
Maricopa: 3.36

– Beth Cox, Lead Market Analyst for United Brokers Group

Complete this form if you would like a FREE Market Analysis of your property:

If you have any questions about the information presented in this Phoenix AZ Real Estate Market Report, then please don’t hesitate to contact Keely Semon. 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 with ease and professionalism.

Keely Semon
Gilbert AZ Realtor®
United Brokers Group
480.220.1321

Distressed Property Report for Gilbert AZ April 2014

Our local real estate market in Arizona has certainly shifted over the past several years and we are no longer experiencing an abundance of short sales and foreclosures flooding the market. There are still areas of the valley where the number of distressed sales may be higher, but overall, the availability of distressed properties has gone down drastically. The information below was provided by the Arizona Regional MLS (ARMLS) and shows a detailed map view of the short sales, foreclosures, and total number of distressed properties found based on each zip code in the greater Phoenix area.

The zip codes found in Gilbert are 85233, 85234, 85295, 85296, 85297, and 85298. There were a total of 22 distressed properties in 85233, which represents 12.2% of the market. Zip code 85234 includes a total of 32 short sales and foreclosures representing 12.2% of all properties for sale in that area. 85295 has a total of 23 listings which comprises 9.0% of the market. Zip code 85296 shows 21 listings and 8.8% of the total actives. 85297 has a total of 25 distressed properties representing 9.7% of the market and 85298 has only 19 short sales and foreclosure for a total of 5.4% of the active listings. The market in our part of Arizona is certainly on the upswing as area home prices continue to rise while the number of available distressed homes continue to fall.

If you are interested in learning more about our local real estate market, please don’t hesitate to give me a call at 480.220.1321, or fill out the contact request form and someone will be in touch with you shortly.

Distressed Property Report April 2014

Gathering intelligence on Short Sales and Foreclosures is now easier with the Distressed Property Report. This report contains three interactive maps: short sales, foreclosures and a map of all distressed properties. Each map is a snapshot of the active distressed property aggregated by ZIP code.

There are no “from” and “to” dates on the Distressed Property Report because the data is Active properties in the system on the day the report is published. The “Percentage of Actives” shows what percentage of Active listings are distressed in each ZIP code.

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If you are interested in buying or selling a home in Gilbert, Chandler, Queen Creek or the surrounding areas, please don’t hesitate to give Keely a call. It is a great time to jump into our local real estate market! 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