Real Estate Market Report for Gibert, Arizona ~ March 2009
By Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek
(Dreamcatcher Realty / Greater Phoenix Area)
GILBERT, ARIZONA ...a shining star in The Valley of the Sun! March 2009 vs. March 2008 * 318 single family homes were purchased last month vs. 263 last year. * The average price paid was $224,572 vs. $285,589 last year. * The median price came in at $200,000 vs. $245,000 last year. * The ratio of purchase price to list price was 97% = 97% last year. * 162 of the homes (51%) were bank owned vs. 58 homes (22%) last year. * The average time on the market was 79 days vs. 94 days last year. * There were 2,635 Active single family listings vs. 3,220 last year. Click Here for full current Gilbert Market Report Gilbert Homes photo by Miguel Folch
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