The average price of a home in Gilbert in July was $270,000 which equals $120 per square foot; 33% below the peak of $180 reached in March 2006. Prices have been dropping steadily since then. However, the volume of sales for July (354) was up by 124% from January (mostly seasonal) and 33% higher than July 07. This indicates that prices have reached a level of affordability where buyers have decided they don't need to wait any longer. It appears that we may be seeing the bottom of the market within the next few months.
Would you like to know what the home down the street sold for? For a free, no-obligation report, send me an email or give me a call and I'll send out a list of comparable properties in your area and what they sold for. Would you like to receive a list of all the houses for sale that meet your exact criteria? My free, no-obligation, home hunter service will let you know the day a new listing hits the market, so you'll never miss out on the perfect house.
Location Characteristics: Gilbert is in the southeast part of the Phoenix metro area. A former farming community, it has grown tremendously over the last twenty years, so the majority of the homes are relatively new. An average sized home in Gilbert is just over 2000 square feet. The Gilbert school district enjoys a good reputation.
About Susan Kessler:
I care about you and your needs. The information I provide is factual, not hyped. Real estate can be a great investment, but it was never meant to be a short-term proposition. Buy and hold is the way to go, so never buy something you would be sorry to be stuck with.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
