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Gilbert AZ Real Estate Housing Market Report - February 2023

3/23/2023

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Gilbert AZ Real Estate Housing Market Report - February 2023

The average sales price of Gilbert homes decreased for the second month in a row, after slightly increasing to end 2022, going from $620,705 in December to $588,495 in February. This is the first February that sales prices in Gilbert have decreased since February of 2019. Sales prices in Gilbert have declined in 8 out of the last 9 months.

After decreasing last month, the average sold price per square foot of Gilbert homes remained the same between January and February, at $263/sf. The sold price per square foot has decreased or remained the same in 6 of the last 8 months. The overall trend is downward as the Gilbert housing market seems to be slowing. The average sold price per square foot this month is now less than it was in February of 2022 by -$23/sf. This is the third month in a row this has happened, and it had not happened prior to that since before 2020. 
 
After decreasing for 3 straight months, Gilbert days on market has now increased for 9 months in a row, going from 20 DOM last May to 87 DOM in February. The Gilbert DOM has almost quadrupled in that time. Homes in Gilbert Arizona are still selling, but not quite at the frenzied pace they were in 2021 and midway through 2022.

Things should be picking up in Arizona as we near spring, but home values are trending downward, and the increase in mortgage interest rates are both contributing to the slowdown in the Gilbert housing market.
Gilbert AZ homes for sale
Gilbert home sales saw an increase this month, going from 150 in January to 218 in February. With this increase, Gilbert home sales are still -37.7% lower than in February of 2022. February home sales in Gilbert are significantly lower than they have been in February over the last 5 years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert decreased this month after increasing in January, going from 294 last month to 259 in February. This is the lowest number of Gilbert listings in February over the last 5 years. The number of new Gilbert listings in February is now -30.4% lower than the number of new listings in February of last year.

Home inventory increased in Gilbert between March and September but has now decreased the last 5 months. Gilbert inventory almost tripled between March and September, but after declining over the last 5 months, inventory has gone back down from a high of 1,046 in September to 655 in February. Home prices have been dropping and interest rates are rising, causing fewer homeowners to list their homes. Even though inventory is decreasing, the number of active listings in Gilbert are still 71.9% higher than in February of last year.
 

Gilbert listings have caught up with demand and the rapid increase in home prices has now started to decline. Median home values in Gilbert have decreased an average of -8.3% since February of 2022 as mortgage interest rates remain just below 7.0%. This is the second decrease in home values year-over-year since before 2019. The Gilbert housing market is slowing as we enter the spring, so we will have to wait and see if the Arizona housing market picks up.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<
​
​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others."

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate
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Gilbert AZ Real Estate Housing Market Report - January 2023

2/15/2023

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Gilbert AZ Real Estate Housing Market Report - January 2023

The average sales price of Gilbert homes decreased to start the new year, after slightly increasing to end 2022, going from $620,705 in December to $589,456 in January. This is the second January in a row that sales prices in Gilbert have decreased. Sales prices in Gilbert have declined in 6 out of the last 7 months.

After increasing last month, the average sold price per square foot of Gilbert homes slightly decreased in January, going from $274/sf in December to $263/sf to begin the new year. The sold price per square foot has decreased in 5 of the last 7 months. The overall trend is downward as the Gilbert housing market seems to be slowing. The average sold price per square foot this month is now less than it was in January of 2022 by -$11/sf. This is the second month in a row this has happened, and it had not happened prior to that before 2020. 
 
After decreasing for 3 straight months, Gilbert days on market has now increased for 8 months in a row, going from 20 DOM last May to 79 DOM in January. The Gilbert DOM has almost quadrupled in that time. Homes in Gilbert Arizona are still selling, but not quite at the frenzied pace they were in 2021 and midway through 2022.

This is the slowest time of season for the housing market in Arizona, but the home value increases from 2020 through the first half of 2022, plus the greater inventory of homes for sale, and the increase in mortgage interest rates have also contributed to the slowdown in the Gilbert housing market.
Gilbert AZ homes for sale
Gilbert home sales saw a decrease for the second straight month, going from 177 in December to 150 in January. With this decrease, Gilbert home sales are -47.0% lower than in January of 2022. This is the slowest time of year for home sales. January home sales in Gilbert are significantly lower than they have been in January of the last 5 years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert shot up to start the new year after decreasing the previous six months, going from 144 in December to 290 in January. Even with this increase, this is the lowest number of Gilbert listings in January over the last 5 years. The number of new Gilbert listings in January is now -26.0% lower than the number of new listings in January of last year.

Home inventory increased in Gilbert between March and September but has decreased the last 4 months. Gilbert inventory almost tripled between March and September, but after declining over the last 4 months has gone back down from a high of 1,046 in September to 678 in January. Home sales have slowed, and home prices have been dropping, causing fewer homeowners to list their homes. The number of active listings in Gilbert are 77.5% higher than in January of last year.
 

Gilbert listings have caught up with demand and the rapid increase in home prices has now started to decline. Median home values in Gilbert have decreased an average of -1.1% since January of 2022 as mortgage interest rates remain just below 6.5%. This is the first decrease in home values since before 2019. The Gilbert housing market is slowing as we begin 2023, which is typically the slowest time of the year for the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Homes for sale in Gilbert AZ
Gilbert real estate for sale
Gilbert Arizona homes for sale

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Homes for sale in Gilbert
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Gilbert AZ Real Estate Housing Market Report - December 2022

1/7/2023

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - December 2022

The average sales price of Gilbert homes has increased after decreasing for six straight months, going from $620,532 in November to $622,718 for December. This is the third December in a row that sales prices in Gilbert have increased, but I think that the days of home price increases each month are over for a while. Sales prices just tend to increase every December, but the overall trend is downward.

After decreasing last month, the average sold price per square foot of Gilbert homes slightly increased in December, going from $273/sf in November to $274/sf in December. The overall trend over the last six months is still downward, as the Gilbert housing market seems to be slowing. The average sold price per square foot this month is now less than it was in December of 2021. This is the first time this has happened since at least before 2020. 
 
After decreasing for 3 straight months, Gilbert days on market has now increased for seven months in a row, going from 20 DOM in May to 65 DOM in December. The Gilbert DOM has more than tripled in that time. Homes in Gilbert Arizona are still selling, but not quite at the frenzied pace they were earlier in the year, and throughout 2021.

This is the slowest time of season for the housing market in Arizona, but the home value increases from 2020 through the first half of 2022, plus the increased inventory of homes for sale and the increase in mortgage interest rates have also contributed to the slowdown in the Gilbert housing market.

Gilbert AZ homes for sale | Troy Erickson Realtor
After a surprising increase last month, Gilbert home sales saw a decrease in December, going from 241 in November to 178 this month. With this increase, Gilbert home sales are -49.4% lower than in December of 2021. This is the time of year when home sales typically start to decrease as we head into the new year. December home sales in Gilbert are significantly lower than they were in December of the last four years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert has now decreased the last six months after increasing for four straight months, going from 622 in June to 144 in December. With this decrease, it is the lowest number of Gilbert listings over the last 5 years. The number of new Gilbert listings in December is now -49.5% lower than the number of new listings in December of last year.

Home inventory has been rising in Gilbert since March but has decreased in the last three months. Gilbert inventory has more than doubled since the inventory of 353 in March, even with the decline over the last 3 months. Home sales have slowed, and home prices have been dropping, causing fewer homeowners to list their homes. The number of active listings sits at 731 for December. Active listings are now 85.5% higher than in December of last year.
 

Gilbert listings have caught up with demand and the rapid increase in home prices has now started to decline. Median home values in Gilbert have increased an average of just 1.7% since December of 2021 as mortgage interest rates remain around 6.5%. The Gilbert housing market is slowing as we head into the new year, which always signifies a slowdown in the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - December 2022
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate | Troy Erickson Realtor | HomeSmart
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Gilbert AZ Real Estate Housing Market Report - November 2022

12/9/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - November 2022

The average sales price of Gilbert homes has decreased for the sixth straight month after increasing for four months in a row, going from $719,659 in May to $619,786 for November. I think that the days of home price increases each month are over for a while.

After slightly increasing last month, the average sold price per square foot of Gilbert homes decreased in November, going from $282/sf in October to $273/sf in November. The trend over the last five months is downward, as the Gilbert housing market seems to be slowing.
 
After decreasing for 3 straight months, Gilbert days on market has now increased six months in a row, going from 20 DOM in May to 58 DOM in November. The Gilbert DOM has almost tripled in a few months. Homes in Gilbert Arizona are still selling, but not quite at the frenzied pace they were earlier in the year, and throughout 2021.
Gilbert AZ homes for sale | Troy Erickson Realtor
After decreasing last month, Gilbert home sales saw a surprising increase in November, going from 220 in October to 239 this month. With this increase, Gilbert home sales are -43.8% lower than in November of 2021. This is the time of year when home sales typically start to decrease as we head into the slower winter season, so this increase is unexpected. Even with the increase, November home sales in Gilbert are significantly lower than they were in November of the last four years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert has now decreased the last five months after increasing for four straight months, going from 622 in June to 201 in November. With this decrease it is the lowest number of Gilbert listings over the last 4 years. The number of new Gilbert listings in November is now -38.9% lower than the number of new listings in November of last year.

Home inventory has been rising in Gilbert since March but has decreased in the last two months. Gilbert inventory has more than doubled since March even with the decline, as home sales have slowed, and home prices have been dropping. The number of active listings sits at 906 for November, which is a slight decrease from October (1,031). Active listings are now 81.6% higher than in November of last year.
 

Gilbert listings have caught up with demand and the rapid increase in home prices has now started to decline. Median home values in Gilbert have increased an average of 1.6% since November of 2021 as mortgage interest rates remain just above 6.5%. The Gilbert housing market is slowing as we head into the winter, which always signifies a slowdown in the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - November 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ Homes For Sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Gilbert AZ Real Estate Housing Market Report - October 2022

11/16/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - October 2022

The average sales price of Gilbert homes has decreased for the fifth straight month after increasing for four months in a row, going from $719,659 in May to $642,048 for October. I think that the days of home price increases each month are over for a while.

After decreasing for three straight months, the average sold price per square foot of Gilbert homes has increased in October, going from $281/sf in September to $282/sf in October. This is certainly not a significant increase, and the trend over the last four months is still downward, as the Gilbert housing market seems to be slowing.
 
After decreasing for 3 straight months, Gilbert days on market has now increased five months in a row, going from 20 DOM in May to 53 DOM in October. The Gilbert DOM has more than doubled in a few months, which means that homes in Gilbert Arizona are still selling, but not quite at the frenzied pace they were earlier in the year, and throughout 2021.
Gilbert AZ homes for sale | Troy Erickson Realtor
After increasing last month, Gilbert home sales saw a decrease in October, going from 297 in September to 219 this month. With this decrease, Gilbert home sales are -39.7% lower than in October of 2021. This is the time of year when home sales typically start to decrease as we head into the slower fall season, so this decrease is somewhat expected. However, October home sales in Gilbert are significantly lower than they were in October of the last four years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert has now decreased the last four months after increasing for four straight months, going from 622 in June to 320 in October. With this decrease it is the lowest number of Gilbert listings in October over the last 4 years. The number of new Gilbert listings in October is now -29.4% lower than the number of new listings in October of last year.

Home inventory in Gilbert seems to be catching up with demand, and that has helped home prices slow down their rapid climb over the last two years. The number of active listings sits at 1,027 for October, which is a slight decrease from September (1,042). Active listings are now exactly 93.8% higher than in October of last year.
 

Gilbert listings have caught up with demand and the rapid increase in home prices has slowed. Median home values in Gilbert have increased an average of 4.2% since October of 2021 as mortgage interest rates continue to increase over 7.0%. The Gilbert housing market is slowing as we head into the winter, which always signifies a slowdown in the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<
​
​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - October 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Gilbert AZ Real Estate Housing Market Report - September 2022

10/14/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - September 2022

The average sales price of Gilbert homes has decreased for the fourth straight month after increasing for four months in a row, going from $719,659 in May to $662,119 for September. I think that the days of increasing home prices each month are over for a while.

After increasing for five straight months, the average sold price per square foot of Gilbert homes has now decreased for the third straight month, going from $310/sf in June to $281/sf in September. After decreasing for three months in a row it seems like the market is slowing.
 
After decreasing for 3 straight months, Gilbert days on market has now increased four months in a row, going from 20 DOM in May to 46 DOM in September. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling fast and should continue through 2022.
Gilbert AZ homes for sale | Troy Erickson Realtor
After decreasing for two straight months, Gilbert home sales saw an increase in September, going from 247 in August to 297 this month. With this increase, Gilbert home sales are still -39.0% lower than in September of 2021. This is the time of year when home sales typically start to decrease as we head into the slower fall season, so this increase is not typical. September home sales in Gilbert are significantly lower than they were in September of the last three years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert has now decreased the last three months after increasing for four straight months, going from 622 in June to 380 in September. With this decrease it is the lowest number of Gilbert listings in September over the last 3 years. The number of new Gilbert listings in September is now -14.2% lower than the number of new listings in September of last year.

Home inventory in Gilbert seems to be catching up with demand, and that will help home prices slow down their rapid climb over the last two years. The number of active listings sits at 1,036 for September, which is a very slight decrease from August (1,039). Active listings are now exactly 100.0% higher than in September of last year.
 

The lack of listings continues to drive demand and home prices higher, but that seems to be changing. Median home values in Gilbert have increased an average of 15.0% since September of 2021. Mortgage interest rates are now over 6.3% but are still historically low. However, the market is slowing, and we are heading into the fall which always signifies a slowdown in the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - September 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate | Troy Erickson Realtor | HomeSmart
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Gilbert AZ Real Estate Housing Market Report - August 2022

9/14/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - August 2022

The average sales price of Gilbert homes has decreased for the third straight month after increasing for four months in a row, going from $712,625 in July to $689,651 for August. Average sales prices in Gilbert have increased in 21 out of the last 28 months, but I think that may not be the case moving forward.

After increasing for five straight months, the average sold price per square foot of Gilbert homes has decreased for the second straight month, going from $310/sf in June to $293/sf in August. Even though it decreased, the average sold price per square foot in Gilbert has increased in 22 of the last 26 months, but again it seems like the market is changing.
 
After decreasing for 3 straight months, Gilbert days on market has increased three months in a row, going from 20 DOM in May to 38 DOM in August. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling fast.
Gilbert AZ homes for sale | Troy Erickson Realtor
After increasing in June, home sales in Gilbert have now seen a decrease for two straight months, going from 368 in June to 247 in August. With this decrease, Gilbert home sales are now -36.2% lower than in August of 2021. This is the time of year when home sales typically start to decrease as we head into the slower fall season. August home sales in Gilbert are significantly lower than they were in August of the last three years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert has now decreased the last two months after increasing for four straight months, going from 622 in June to 461 in August. With this decrease it is the lowest number of Gilbert listings in August over the last 3 years. The number of new Gilbert listings in August is now -11.0% lower than the number of new listings in August of last year.

Home inventory in Gilbert seems to be catching up with demand, and that will help home prices slow down their rapid climb over the last two years. The number of active listings sits at 1,035 for August, which is the fifth consecutive monthly increase. Active listings are now 96.8% higher than in August of last year, and higher than they have been since April of 2019.
 

The lack of listings continues to drive demand and home prices higher, but that seems to be changing. Median home values in Gilbert have increased an average of 11.2% since August of 2021. Mortgage interest rates are now hovering around 5.5%, but are still historically low, however, the market is slowing, and we are heading into the fall which always signifies a slowdown in the housing market in Arizona.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - August 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert real estate | Troy Erickson Realtor | HomeSmart
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Gilbert AZ Real Estate Housing Market Report - July 2022

8/11/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - July 2022

The average sales price of Gilbert homes has decreased for the second straight month after increasing for four months in a row, going from $718,085 in June to $712,625 for July. Average sales prices in Gilbert have increased in 21 out of the last 27 months.

After increasing for five straight months, the average sold price per square foot of Gilbert homes has decreased, going from $310/sf in June to $304/sf in July. Even though it decreased, the average sold price per square foot in Gilbert has increased in 22 of the last 25 months.
 
After decreasing for 3 straight months, Gilbert days on market has increased two months in a row, going from 20 DOM in May to 29 DOM in July. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling very fast!
Gilbert AZ homes for sale | Troy Erickson Realtor
After increasing last month, home sales in Gilbert saw a significant decrease this month, going from 368 in June to 262 in July. With this decrease, Gilbert home sales are now -38.6% lower than in July of 2021. This is the time of year when home sales typically increase as we head into the high buying season. July home sales in Gilbert are significantly lower than they were in July of the last three years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert decreased in July after increasing for four straight months, going from 622 in June to 555 in July. With this decrease it is still the second highest number of new Gilbert listings since July of 2020. The number of new Gilbert listings in July is now 13.7% higher than the number of new listings in July of last year.

Home inventory in Gilbert seems to be catching up with demand, and that will help home prices slow down their rapid climb over the last two years. The number of active listings sits at 895 for July, which is the fourth consecutive monthly increase. Active listings are now 70.8% higher than in July of last year, and higher than they have been since June of 2019.
 

The lack of listings continues to drive demand and home prices higher, but there seems to be a shift coming. Median home values in Gilbert have increased an average of 22.5% since July of 2021. Mortgage interest rates are now hovering around 5.5%, but are still historically low, so there should be more buyers in Gilbert looking to purchase homes through the rest of 2022.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - July 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Gilbert AZ homes for sale | Troy Erickson Realtor | HomeSmart
0 Comments

Gilbert AZ Real Estate Housing Market Report - June 2022

7/17/2022

0 Comments

 

Gilbert AZ Real Estate Housing Market Report - June 2022

​The average sales price of Gilbert homes has slightly decreased after increasing for four months in a row, going from $719,659 in May to $718,085 for June. Average sales prices in Gilbert have increased in 21 out of the last 26 months.

After decreasing in January, the average sold price per square foot of Gilbert homes has increased for the fifth straight month, going from $305/sf in May to $310/sf in June. This is just another sign that home values continue to increase, as this is the 22nd increase in the last 24 months.
 
After decreasing for 3 straight months, Gilbert days on market has increased from 20 DOM in May to 25 DOM in June. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling very fast!
Gilbert AZ homes for sale | Troy Erickson Realtor
After decreasing in April and May, home sales in Gilbert saw a slight increase this month, going from 350 in May up to 368 in June. With this increase, Gilbert home sales are now -19.8% lower than in June of 2021. This is the time of year when home sales typically increase as we head into the high buying season. June home sales in Gilbert are significantly lower than they were in June of the last three years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert increased for the fourth straight month after decreasing in February, going from 372 in February to 622 in June. With the increase in June, this is the highest number of new Gilbert listings since May of 2019. The number of new Gilbert listings in June is now 18.0% higher than the number of new listings in June of last year.

Home inventory in Gilbert seems to be catching up with demand, and that will help home prices slow down their rapid climb over the last two years. The number of active listings sits at 685 for June, which is the third consecutive monthly increase. Active listings are now 53.9% higher than in June of last year, and down just 6.9% from June of 2020.
 

The lack of listings continues to drive demand and home prices higher, but there seems to be a shift coming. Median home values in Gilbert have increased an average of 17.3% since June of 2021. Mortgage interest rates are now close to 6.00%, but are still historically low, so there should be more buyers in Gilbert looking to purchase homes as we enter the summer months of 2022.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the 
Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - June 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Best Real Estate agent in Chandler
0 Comments

Gilbert AZ Real Estate Housing Market Report - May 2022

6/8/2022

1 Comment

 

Gilbert AZ Real Estate Housing Market Report - May 2022

The average sales price of Gilbert homes has increased for the fourth month in a row, going from $701,995 in April to $719,659 for May, and reaching a new all-time high. Average sales prices in Gilbert have increased in 21 out of the last 25 months.

After decreasing in January, the average sold price per square foot of Gilbert homes has also increased for the fourth straight month, going from $299/sf in April to $305/sf in May. This is just another sign that home values continue to increase, as this is the 21st increase in the last 23 months.
 
After increasing or remaining the same for 10 months, between April of 2021 and February of 2022, Gilbert days on market has declined for the third straight month, going from 30 DOM in February down to 20 DOM for May. This is a sign that there seems to be no slowing down in the Gilbert housing market. The Gilbert DOM is extremely low, which means that homes in Gilbert Arizona are still selling very fast!
Gilbert AZ homes for sale | Troy Erickson Realtor
After increasing in February and March, home sales in Gilbert saw a significant decline in April and May, going from 444 in March down to 350 in May. With this decrease, Gilbert home sales are now -20.5% lower than in May of 2021. This is the time of year when home sales typically increase as we head into the high buying season. May home sales in Gilbert are lower than they were in May of the last three years, including when we were going through the Covid-19 pandemic.
 
The number of new listings in Gilbert increased for the third straight month after decreasing in February, going from 372 in February to 540 in May. With the increase in May, this is the highest number of new Gilbert listings since August of 2020. The number of new Gilbert listings in April is now 16.6% higher than the number of new listings in May of last year.

Even with home sales declining and home inventory increasing there is still a lack of inventory based on demand, and that will only help home prices continue their upward trend. The number of active listings sits at 493 for May, which is the second consecutive increase. Active listings are now 15.2% higher than in May of last year, but down 35.8% from May of 2020.
 

The lack of listings continues to drive demand and home prices higher, but there may be a shift coming. Median home values in Gilbert have increased an average of 25.0% since May of 2021. Mortgage interest rates are now around 5.25%, but are still historically low, so there should be more buyers in Gilbert looking to purchase homes as we head into the summer of 2022.
​
​>>Click Here To See All Current Gilbert Arizona Homes For Sale<<

​For more detailed stats on the Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Gilbert real estate housing report - May 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Gilbert, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Gilbert AZ homes for sale
Real estate in Gilbert AZ for sale
Homes for sale in Gilbert Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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    Chandler and East Valley Blog: Troy Erickson Realtor

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     "Real Estate is not just a job for me, it's about making a difference in the lives of others."​

    Troy has been blogging about Chandler and East Valley Real Estate in Arizona since 2006.  He stays current on local Chandler real estate by attending educational classes, and talking with title companies, home inspectors, lenders, members of the Chandler community, as well as constantly working with home buyers, home sellers, and investors within the Chandler and East Valley community.

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Troy and Mia are your Chandler Arizona Real Estate Connection - an experienced team with Diverse Solutions Realty. Troy is a licensed Realtor in the state of Arizona.
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