Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com
Single Family Homes in
GILBERT, AZ 85298
602-618-0917
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85298 this week is $308,900. The 173 properties have been on the market for an average of 86 days.
$ 308,900
Average List Price
$ 871,215 ==
Average Days on Market (DoM)
86
≠≠
Inventory of Properties Listed
173
==
Most Expensive Listing
$ 90,000,000
Least Expensive Listing
$ 115,000
Average Age of Listing
6
Percent of Properties with Price Decrease
28 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
21 %
Median House Size (sq ft)
2560
Median Lot Size
Supply and Demand
±+
$ 124
Asking Price Per Square Foot
Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.
Trend
Median List Price
10 - 20 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Buyer's Advantage
23.6
==
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 469,990
4000 10 - 20 acres
5.0
4.0
7
43
4
6
111
Upper/Second
$ 340,990
2706
6,501 8,000 sqft
4.0
2.5
6
43
5
5
72
Upper-middle 25% of properties
Lower/Third
$ 269,900
2289 10 - 20 acres
4.0
2.0
7
43
5
10
74
Lower-middle 25% of properties
Bottom/Fourth
$ 211,500
1726 10 - 20 acres
3.0
2.0
7
44
7
7
87
Least expensive 25% of properties
Page 22 of 36
Monday October 15, 2012
Most expensive 25% of properties