We are at the bottom of the Market in Gilbert! There are 1611 active listings for residential homes in Gilbert with 369 (22%) homes sold for an average price of $212,282 as compared to $218,536 last month. Homes were selling in an average of 90 days in September and are now selling in 81 days in Octover. "Based on information from the Arizona Regional Multiple Listing Service for the period 9/1/2009 through 10/22/2009." Home sales were evenly split between homes that were in Pre-foreclosure, lender owned and normal sales.
More homes are selling and those homes that are priced below market have multiple offers. We have hit the bottom of the market so if you have a good credit score and an available down payment (3.5% of purchase price) with a secure job, you don't want to miss the best opportunity to buy a home. We have a great time to purchase a home at the lowest prices & interest rates in years.
The housing recovery plan allows a true $8000 tax credit for first time home buyers (those that have not owned a home in the last 3 years) that does not need to be paid back. This $8000 credit incentive ends on November 30 unless congress extends it which is currently being debated.
If you have been thinking of selling your home, now may be a good time to do so because additional buyers will be in the market and there are less homes on the market right now than in the previous 6 months.
For the entire Phoenix metro area according to the Arizona Regional Multiple Listing Service, the total number of residential homes for sale is 38,448 which is down from 41,000 last month. There were 7049 homes sold in Maricopa county in the last month. Average Phoenix area home sales price is $174,722 which is down slightly from the previous month of $175,719. Sellers are getting 97.7% of their listed price on average. "Based on information from the Arizona Regional Multiple Listing Service for the period 9/1/2009 through 9/30/2009".
If you are a "Buyer", this is a great time to be looking for a home! For investors looking for the right time to buy... this is it! Prices are down and there couldn't be a better time to find just the home that you want. Great time for first time buyers or investors in Gilbert to buy a Bank Owned Home! Current Interest Rates are low for 30 year fixed loans!
Builders are offering lots of incentives including low interest rates and the $8000 tax credit also includes new homes. (Call me for specific details.) I can guide you through the new home buying process which is a FREE service and make sure that you get all of the incentives that you are entitled to! Don't see a new home without me! Call me for the latest price changes and values in the Phoenix area or a specific location.
Arizona continues to attract new people to the state monthly. Gilbert's great schools and residential planning continues to draw buyers to the Gilbert area. Gilbert has gracefully expanded to 199,500 residents with new shopping centers near the completed I202 freeway. For tips on moving to Gilbert, visit my website at www.PatriciaCHill.com and request a relocation package! Or call me at 1-866-594-5959 (toll free) for a FREE Market Evaluation of your home and find out what your home is worth!
FREE CUSTOM HOME SEARCH delivered via email with daily updates eliminate the need to do online searches. Just send me your what you are looking for in a home and I will send you only the homes that meet your needs- a great timesaver!
ZIP Codes: 85233, 85234, 85296, 85297, 85299 Approximate Location Boundaries: Gilbert is located South of I-60 in the East Valley of Phoenix Arizona.
Location Characteristics: Gilbert is now a community of 217,109 that was mostly cottonfields and horse farms just 15 to 20 years ago. It was also named the 5th fastest growing municipality in 2007. During 2005-2006 it added 13,860 people. Now a bustling community with many new subdivisions and shopping resources. It is a great "family" area with many children's sports activities and great parks and schools. New Upscale shopping center, San Tan Marketplace, is now built in the 85297 zip code which opened in October 2007.
About Patricia Hill, E-Pro (480)632-5959:
As an Arizona resident since 1998, who was raised in Indiana and educated in Colorado, Pat knows about relocation, buying and selling homes. Sellers know that her expertise will insure a timely sale for the best price and with their interest safeguarded. Buyers know she is dedicated to finding the right home at the best price in the right location. Her priority is to insure that each transaction goes as smoothly as possible. As a full time agent, she is prompt and reliable in returning phone calls. She is E-Pro Certified and Email Friendly. Give Pat a call at 480 632-5959,toll free at 866-594-5959 or visit her website at www.PatriciaCHill.com for testimonials of past clients, photos and up-to-date information on moving, buying or selling a home in Gilbert, Chandler, Tempe, Mesa or Scottsdale.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
