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October 11, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Gilbert, Arizona

Reported by Patricia Hill, E-Pro (480)632-5959, REALTOR, E-Pro

Updated October 9, 2008.

Current Market Rating: 2




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Seller's

Current Price Trend: 2




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Falling

Rising

Here is the latest home sales statistics for Gilbert:
There are 2208 active listings for homes in Gilbert with 356 (16%) homes sold for an average price of $258,818 in the last month, down about $3000 from last month. Number of homes on the market in Gilbert has moved up over the last 30 days. Bank owned homes are available and offer a quick closing at great prices. Lots of Short Sales & Foreclosures! Call for information. Let me send you a custom search of Bank Owned Homes, foreclosures or Short Sale homes!

The Housing and Economic Recovery Act of 2008 has been amended. The change sets the FHA down payment requirement at 3.5 percent (currently 3%) as of 1/1/2009 and extends seller-funded down payment assistance (both direct or through a third party) until November 1, 2008.

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, inventory is up 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!

In Gilbert, It is a great time to pick up a new home bargain as there are currently lots of spec homes available. Builders are offering lots of incentives including low interest rates. (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!

For the entire Phoenix area, according to the Arizona Regional Multiple Listing Service, the total number of homes for sale is up to 53,150. There were 6114 homes or 11.5% of the homes inventory sold in the last month. Average Phoenix area home sales price is $219,033.

Call me for the latest price changes and values in the Phoenix area! Right now is a great time for buyers while there is still a large selection of homes.

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 191,500 that was mostly cottonfields and horse farms just 12 to 15 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 is now built in the 85297 zip code which opened in October 2007.

For More Information:

View Market Conditions of other areas served by Patricia Hill, E-Pro (480)632-5959

Navigate: Top > Arizona > Gilbert

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.




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