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July 5, 2008
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Arizona > Gilbert


Market Conditions Summary for Gilbert, Arizona


Reported by

Gina McKinley, ABR, CRS
as of 7/5/2008:
Gilbert has seen a slow down in the housing market and sales prices decline over the last several months. There has been stiff competition from builders which is hurting the resale market. Builders are offering large incentives which is putting... MORE->
About Gina McKinley, ABR, CRS

Reported by

Susan Kessler
as of 7/5/2008:
The average price of a home in Gilbert in June was $281,600 which equals $122 per square foot; 26% below June 2005 prices ($164/sf). Price per square foot has been dropping steadily since peaking in the high 170's in 'Sept 05--June '06. However, the... MORE->
About Susan Kessler

Reported by

Patricia Hill, E-Pro (480)632-5959
as of 7/5/2008:
The summer market is heating up in Gilbert! Currently, there are 2093 active listings for single family detached homes in Gilbert with 327 (16%) homes sold for an average price of $123/SF in the last month. The average days on the market for sold... MORE->
About Patricia Hill, E-Pro (480)632-5959

Reported by

Kent Gagon
as of 7/4/2008:
"IT IS ONLY A BUYERS MARKET IF YOU BUY!" The Real Estate Market is showing signs of life again! 5714 total homes closed in June! The total number of homes pending sale continues to rise, currently at 8350 as of 7/1/08. All signs point to the... MORE->
About Kent Gagon
Watch one of my Television commercials.

Reported by

Jackie Dokos
as of 7/4/2008:
FREE Access to the MLS at www.JackieDokos.com or www.AZHome4me.com. Call Jackie or Mike Dokos at 888-810-8330 for their "Two Nights/Three Days Free Hotel Stay" special. MAY 2008 STATISTICS Number of New Listings Monthly Statistics... MORE->
About Jackie Dokos
Watch one of my Television commercials.

Reported by

Bob Stahl
as of 7/3/2008:
Sales volume on single-family homes (resales) in May was up for the fourth straight month in Gilbert - up this time 4.17% to 375 homes. Prices stayed steady at $240,000. Prices in Gilbert's townhouse and condo market increased just over 8%... MORE->
About Bob Stahl

Reported by

Ron Wilczek
as of 7/2/2008:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: JULY 2008 in Gilbert - 12+ months of sales data below will help you understand the market. For more information on how Foreclosures specifically affect... MORE->
About Ron Wilczek

Reported by

Bruce The Moose Fraser
as of 7/2/2008:
July brings us warm weather which makes the best conditions for local buyers to be out looking . With home prices coming down and the high number of homes listed it would be the ideal time for buyers to make a move. There are several factors that... MORE->
About Bruce The Moose Fraser

Reported by

John Fagundes
as of 7/2/2008:
WELOME TO GILBERT!!!! Gilbert is currently experiencing a buyers market with prices trending downword. It is the right time to buy as prices are lower than they have been in a long time. The average price of a single family residence is approx $... MORE->
About John Fagundes

Reported by

Chris Varoga
as of 7/1/2008:
*****The 1st Quarter Market Conditions Report For Arizona Is Now Available On Our Site At www.azhomestore.com - Stop By And Take A Look At The Results!***** We Have Also Created A Bank Foreclosure And Reo Page With Many Great Buys... If You Need... MORE->
About Chris Varoga

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 6/30/2008:
Sales in Gilbert were up 6% vs 2007 for May 2008 (-13% YTD), the first month to month unit increase in over 3 years!!!!!. Still, it appears the market will continue to struggle for another 18-30 months. If you are "thinking" about buying a home now... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
Watch one of my Television commercials.

Reported by

Tiffany Huff & Your Home Team!
as of 6/30/2008:
Don't hesitate to call us direct at 1-480-703-2364!!! ASK FOR FREE ACCESS TO THE LOCAL MLS!!! Located in the Southeast Valley just east of Chandler; Gilbert is a highly sought after area! With many homes as low as $160,000 the average new home price... MORE->
About Tiffany Huff & Your Home Team!

Reported by

Kristen VanArsdale
as of 6/25/2008:
Gilbert's market has settled some since last year. The average price of a home in Gilbert for December was $286,000. Builders are offering more incentives for new homes than they did last year which is good news for... MORE->
About Kristen VanArsdale

Reported by

Marcelle Dasgupta
as of 6/21/2008:
You can reach me at 480-203-9447.The Phoenix metro area is continuing to see strong employment and population growth. A vibrant economy, good business, climate and high standards of living continues to attract business, high paying jobs and a steady... MORE->
About Marcelle Dasgupta

Reported by

Bill & Cindy Flowers Team
as of 6/10/2008:
Breaking NEWS: In the past 30 days, there were 1300 homes that went under contract in the southeast valley; 1100 of which were priced under $300,000! In fact, for that price range, there is only a 6 month supply of homes for sale in the southeast... MORE->
About Bill & Cindy Flowers Team

Reported by

Carolyn Rhinehart
as of 6/2/2008:
Do yourself a huge favor - STOP LISTENING TO THE MEDIA! Did you now that since 1952, real estate has increased on average 6.9% per year! If you're looking to move to a larger home, now is the time to do it! You may take a little bit of a loss... MORE->
About Carolyn Rhinehart
Watch one of my Television commercials.

Reported by

Ben Leesons My Arizona Home Team
as of 5/7/2008:
There are currently 55,587 homes listed in Maricopa & Pinal Counties. Last month 4,654 houses sold in the same areas. This leaves an 8 month over supply as opposed to a a 19 month over supply of listings in February!! In Gilbert alone, there are... MORE->
About Ben Leesons My Arizona Home Team

Reported by

The Rodgers Team - 480.540.0194
as of 5/2/2008:
Our market is just returning to a Healthy Market and that will be a WIN- WIN for everyone. If a move is in your future it is important that you choose Real Estate Professionals that can keep you abreast of the market conditions. April... MORE->
About The Rodgers Team - 480.540.0194
Watch one of my Television commercials.

Reported by

Jim Biggs-Prudential Broker 866.250.9595
as of 4/29/2008:
Call us locally at: 480.390.6562 or 602.615.9137! Ask for a FREE CUSTOM MLS search website! Higher than normal resale inventory to the market is providing a buying opportunity! Each month of 2008 has shown an increase in sales! Its a BUYERS... MORE->
About Jim Biggs-Prudential Broker 866.250.9595

Reported by

Jim & Kathy Allyn
as of 4/17/2008:
Properties in Gilbert have been priced higher in proportion to the rest of the valley for some time, and now those prices have begun to slip somewhat. That only means that homes and business here are now available at some of the best prices... MORE->
About Jim & Kathy Allyn

Reported by

Eric Newenhouse BSEE
as of 4/17/2008:
Date: 4/8/2008 City: Gilbert Az Here's an example I would like to present to Buyers and Sellers in Gilbert based on data pulled from the ARMLS on 4/8/2008. The Total inventory of 2 story homes, with a pool, in a square footage range of... MORE->
About Eric Newenhouse BSEE


Average Current Market Rating: 1.6    (21 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2    (21 ratings)




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Falling

Rising

Navigate: Top > Arizona > Gilbert


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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