Gilbert Luxury Homes
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Welcome to Gilbert Luxury Homes ($800,000+) where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We also provide Live Video Previews for your favorite Scottsdale Luxury Home! 🙂
Price / SqFt…
(Gilbert Luxury) Our July 2020 selling price per square foot of $229 was up 4.1% from $220 last month and up 8.0% from $212 in July of last year.
We can currently see (53) Luxury Homes ($800,000+) available in Gilbert today.
Gilbert Luxury Homes ~ Newest Listings
Gilbert Luxury Homes ~ Monthly Market Report
Our July property sales were 27, up from 11 in July of 2019 and 107.7% higher than the 13 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 103 are running 49.3% ahead of last year’s year-to-date sales of 69.
(Gilbert Luxury) The Median Sales Price in July was $940,000, down -6.9% from $1,010,000 in July of 2019 and up 2.7% from $915,000 last month. The average sales price in July was $1,025,552, up 0.3% from $1,022,991 in July of 2019 and up 9.1% from $939,692 last month. July 2020 ASP was at a mid range compared to July of 2019 and 2018.
The total inventory of properties available for sale as of July was 56, up 12.0% from 50 last month and down -18.8% from 69 in July of last year. July 2020 Inventory was at a mid range compared to July of 2019 and 2018.
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 July was 70, up from 56 days last month and up from 50 days in July of last year. The July 2020 DOM was at a mid range compared with July of 2019 and 2018.
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 July 2020 selling price per square foot of $229 was up 4.1% from $220 last month and up 8.0% from $212 in July 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 ~ We are located next to Paradise Valley (See Map Here) ~ You can also see us at Arizona Luxury Homes 🙂