Snapshot Real Estate Market Report for Gibert, Arizona

GILBERT continues to demonstrate why it is a shining star in greater Phoenix, Arizona!

January 2009

• 224 single family homes were purchased - compared to 155 in January 2008.

• The average price paid was $233,607 - compared to $292,480 in January 2008.

• The median price came in at $208,100 - compared to $254,000 in January 2008.

• The ratio of purchase price to list price was 97% - compared to 96% in January 2008.

• 122 of the homes (54%) were bank owned.

• The average time on the market was 77 days - compared with 105 days in January 2008.

• There were 2,636 Active single family listings in January 2009 - compared to 3,109 in January 2008.

Click Here for full current Gilbert Market Report

Homes in Gilbert, Arizona