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December 3, 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
~ Dreamcatcher Broker: Randy Hooker ~
as of 12/3/2008:
October statistics just revealed that nearly half of the Valley (metro Phoenix) homes resold in October were foreclosure (bank owned) properties. As a result, median home prices continued to fall, while sales continued to rise! In the... MORE->
About ~ Dreamcatcher Broker: Randy Hooker ~

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 12/3/2008:
Sales in Gilbert were up 40% vs 2007 for October 2008 (+7% YTD), as the market appears to be turning the corner! Still, it appears the market will continue to struggle for another 18-24 months. If you are "thinking" about buying a home now may be... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro

Reported by

John Fagundes
as of 12/3/2008:
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

Bruce The Moose Fraser
as of 12/3/2008:
December should start to show some movement in the over supply of homes in Gilbert. With the price's down to the 2003 level, people are out making offers on foreclosure's and newly listed homes before the supplies start to decline and price's start... MORE->
About Bruce The Moose Fraser

Reported by

The Rodgers Team - 480.540.0194
as of 12/3/2008:
Our market is just returning to a Healthy Market and that will be a WIN- WIN for everyone. 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... MORE->
About The Rodgers Team - 480.540.0194

Reported by

Patricia Hill, E-Pro (480)632-5959
as of 12/3/2008:
Here is the latest home sales statistics for Gilbert: There are 2284 active listings for homes in Gilbert with 281(12%) homes sold for an average price of $259,333 in an average of 106 days in the last 30 days. Number of homes on the market... MORE->
About Patricia Hill, E-Pro (480)632-5959

Reported by

Ron Wilczek
as of 12/3/2008:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: NOVEMBER 2008 in Gilbert - 20+ months of sales data below will help you understand the market. For more information on how Foreclosures specifically... MORE->
About Ron Wilczek

Reported by

Tiffany Huff & Your Home Team!
as of 12/2/2008:
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

Gina McKinley, ABR, CRS
as of 12/2/2008:
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 as well as many foreclosures. Several builders have recently... MORE->
About Gina McKinley, ABR, CRS

Reported by

Bill & Cindy Flowers Team
as of 12/1/2008:
Merry Christmas to everyone! Search the entire Phoenix MLS from our website at: www.FlowersGetResults.com. We specialize in the southeast valley cities of Gilbert, Chandler, Mesa, Tempe, Queen Creek, Gold Canyon and Apache Junction - please contact... MORE->
About Bill & Cindy Flowers Team

Reported by

Kent Gagon
as of 11/27/2008:
Are you interested in buying foreclosure homes from the Trustee Auctions? Call me today for detailed information on how to do this! 602-980-5368."IT IS ONLY A BUYERS MARKET IF YOU BUY!" Call me for a list of homes going to Trustee Auction this... MORE->
About Kent Gagon
Watch one of my Television commercials.

Reported by

Bob Stahl
as of 11/26/2008:
Sales volume on single-family homes (resales) in June increased for the sixth straight month in Gilbert - up this time 3.0% to 515 homes. That's 53.7% higher than the number of homes sold in June, 2007. Prices, though, decreased slightly, down 2.7%... MORE->
About Bob Stahl

Reported by
VIP Investor Network, LLC
as of 11/18/2008:
WELCOME TO GILBERT! We are currently experiencing a strong buyers market with prices trending downwards. The average price of a single family residence is approximately $300,000. BUT... VIP Investor Network Specializes in TRUE Wholesale... MORE->
About VIP Investor Network, LLC

Reported by

Marcelle Dasgupta
as of 11/13/2008:
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

Kristen VanArsdale
as of 11/10/2008:
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

Jim & Vivien Biggs - 866.250.9595
as of 10/15/2008:
Call us locally at: 480.390.6562 or 602.615.9137! Ask for a FREE CUSTOM MLS search website! Higher than normal resale inventory in the market is providing a buying opportunity! Most months of 2008 have shown an increase in sales! Its a BUYERS... MORE->
About Jim & Vivien Biggs - 866.250.9595

Reported by

Jackie Dokos
as of 10/12/2008:
FREE Access to the MLS at www.JackieDokos.com or www.AZHome4me.com. Call 888-810-8330 and ask for their "Two Nights/Three Days Free Hotel Stay" special when you buy or sell a property through them. AUGUST 2008 STATISTICS Average Days... MORE->
About Jackie Dokos

Reported by

Fred Hackett
as of 10/1/2008:
There are currently 209 single family homes for sale in Gilbert that are Lender Owned with prices ranging from $87,000 to $849,000. 119 of these homes are priced at $250,000 or less. Now is a great time to buy as prices are at a two year low and... MORE->
About Fred Hackett

Reported by

Chris Varoga
as of 8/15/2008:
*****The 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 Info, Just... MORE->
About Chris Varoga

Reported by

Susan Kessler
as of 8/4/2008:
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... MORE->
About Susan Kessler

Reported by

Ben Leesons My Arizona Home Team
as of 7/17/2008:
There are currently 52,363 homes listed in Maricopa & Pinal Counties. Last month 5,751 houses sold in the same areas. This leaves an 9 month over supply. In Gilbert alone, there are 1,240 homes currently listed while there have been 205 sales in the... MORE->
About Ben Leesons My Arizona Home Team


Average Current Market Rating: 1.5    (21 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 1.8    (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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