Gilbert Luxury Homes

Circle G at HighlandsGilbert 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
http://StephanieWeissMoves.com

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