Gilbert Real Estate Stats
Updated April '11


Just like all of its neighboring cities, the Gilbert Arizona real estate market has taken a hit. But it is not all doom and gloom out there. Check out some of the good signs this market has to offer!

 

Most people only look at how much houses are selling for (which is important). Prices over the last year or so leveled off and then started to drop again. But there is something else important to note about these prices too:

 

The difference between the listing price and the price that houses actually sell for has been at times extreme. Some of this disparity with Gilbert Arizona real estate list price vs. sold price can be blamed on short sales where banks agree to sell a home below market value. This in turn drives down market value. And it seemed to sort of snowball on us! I think it is a very good sign that this disparity drastically decreased over the last year or so! Gilbert is not alone - this is true all around the valley as I noted in the Chandler real estate stats.


 

 

 

 

Another important factor in looking at Gilbert real estate market trends is how long it is taking homes to sell. DOM refers to days on market. For sellers, a low DOM is a good thing. Have I mentioned that now is not a good time to sell?


 

 

 

The final way I like to evaluate what is happening in the Gilbert Arizona real estate market is by showing how many homes have sold versus how many are currently listed at any given time.





If we look at things objectively, we can see that the price which homes are selling for have really only dropped negligibly since May 2009. Plus if you look just beyond the Gilbert real estate stats you'll see that the outlying areas like Queen Creek and Maricopa have seen the tide changing for a while now. If you are sitting on the fence about buying a chunk of Gilbert Arizona real estate, you might want to think about getting off of that fence as soon as possible.










 

Data used to create this statistical analysis comes directly from the Arizona Regional Multiple Listing Service (MLS) and is therefore deemed to be reliable but is not guaranteed. All charts and interpretations are the intellectual property of Jeff Hunt and Rider's Realty. Any republication or distribution is strictly forbidden without written permission of the owner.