About Gilbert Arizona Homes
Beautiful Gilbert Arizona Homes are found below Mesa and on the East Side of Chandler, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (685) homes available in Gilbert today.
New Homes Previews – Gilbert Arizona
February Property sales were 340, down 7.4% from 367 in February of 2018 and 25.0% higher than the 272 sales last month. February 2019 sales were at their lowest level compared to February of 2018 and 2017. February YTD sales of 612 are running 11.7% behind last year’s year-to-date sales of 693.
The Median Sales Price in February was $322,000, up 2.2% from $315,000 in February of 2018 and down 0.9% from $325,000 last month. The Average Sales Price in February was $352,148, up 0.5% from $350,560 in February of 2018 and down 0.7% from $354,668 last month. February 2019 ASP was at the highest level compared to February of 2018 and 2017.
The Total Inventory of Properties available for sale as of February was 886, up 15.1% from 770 last month and up 53.8% from 576 in February of last year. February 2019 Inventory was at its highest level compared with February of 2018 and 2017.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for February was 41, up 13.9% from 36 days last month and up 5.1% from 39 days in February of last year. The February 2019 DOM was at a mid level compared with February of 2018 and 2017.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2019 Selling Price per Square Foot of $165 was up 1.5% from $163 last month and up 6.5% from 155 in February of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The February 2019 Selling Price vs Original List Price of 97.7% was up from 97.5% last month and up from 97.6% in February of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage