Gilbert has much to offer in luxury properties! With a total inventory of 156, there are currently 93 active properties in Gilbert that range from $400,000-$1.55M with an average list price of $675,000, 5 bedroom, 4 bath, 4,218 square feet, built 1998 or newer and on the market 171 days. Surprisingly, only 12% of these active luxury listings are short sales! There are 39 pending transactions out of which 13 are short sales and within the past 3 months, there have been 24 closings in this price range with an average sales price of $534,000, 4,224 sq ft and $126 per square foot and 93% of list price with 80% of the transactions closed with conventional loans. On the Statistical Market Analysis which compare same time periods of this year and last, in this price range, the average sales price is up 1% from last year even though sold volume is down 14%.
Sold Market Analysis Report Date: 11/8/2010
Last Year = LY 1/1/2009 to 11/8/2009 This Year = TY 1/1/2010 to 11/8/2010
Total Active: LY-262 TY-153 (-41%)
Number Sold: LY-214 TY-180 (-15%)
Sold Volume: LY-$111,489,384 TY-$94,998,680 (-14%)
Average Sales Price: LY-$520,978 TY-$527,770 (+1%)
% of List Price: LY-95% TY-95% (+0%)
Days to Close: LY-129 TY-106 (-17%)
Some of the communities that have active luxury property listings are ALLEN RANCH Ashland Ranch Bella Lago @ The Islands Brentwood Acres Brooks Farms Carrara Estates CASA CABALLO Casa Rica Catalina Bay at the Islands CHAPARRAL ESTATES WEST CIRCLE G AT HIGHLANDS WEST Circle G at Ocotillo Circle G at Silver Creek Circle G at the Highlands CIRCLE G Ranch Circle G Seville Claxton Harvey Western Ranchettes CRYSTAL POINT ESTATES Crystal Shores at Val Vista Lakes Freeman Farms GILBERT COMMONS GREENFIELD ACRES HARBOR POINT KA-LO PARK KEY HARBOR Lakeside Lakeside at Val Vista Lakes Landing at Val Vista Lakes Lindsay Meadow Estates Lyons Gate Madera Parc Estates Morrison Ranch Morrison Ranch Pecan Groves Playa Del Rey Estates Power Ranch REGATTA AT VAL VISTA LAKES Rio Caballo Sawyer Estates Seville Shamrock Estates Spectrum The Islands Tierra Ranchos Tres Vistas Trilogy at Power Ranch Val Vista Lakes VAL VISTA RANCHES WEST LAKE ESTATES WESTON RANCH Whitewing at Higley WHITEWING AT WIEHL ESTATES Windhaven.
If you’re looking for a luxury property in Gilbert, please give me a call. Stephanie Weiss 480.273.7472