Gilbert Real Estate Market Conditions & Reports, Gilbert Market Trends, Arizona

Market Commentary Provided by Echo Farrell
Certain parts of Gilbert have been hit hard with the foreclosures and short-sales saturating newer neighborhoods. First time home buyers are gravitating to these areas getting a great deal for a beautiful home with character. Many clients are drawn to the Gilbert School Districts and the new growth; expanding roads, new shopping centers, doctor facilities, restaurants, and golf.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Echo Farrell
Farrell Fine Homes
Scottsdale, Arizona
480-227-7344
echo@azsonorahomes.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Gilbert is

Seller Activity for the past 90 days in Gilbert is

Is Financing Available For Qualified Buyers in Gilbert?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Gilbert Rd & 202 Freeway

Reason to Buy/Sell

Population Growth

Average Sold Price

$300,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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