Power Ranch, Gilbert AZ Market Stats Update

Power Ranch is a three time award winning master planned sub division located in the south eastern side of the Town of Gilbert in Arizona. The total sub division project area is made up of approximately 1414-acres and a built out capacity of 5,400 residential homes. 200-acres of the 1414 acres has been left as open space and green belts with a 26+ mile trail system meandering through the community.

Power Ranch Market Stats: There were a total of 291 closed sales from January 1st to December 31st in 2010 compared to 257 in the same twelve month period of 2009. The average selling price in Power Ranch for that period in 2010 was $190,583 compared to an average selling price of $207,892 for 2009, a percentage drop of 8.5%. The average sales price per square foot was $85.20 compared to $90.48 for the same period in 2009. The average number of days a house was on the market was 89, compared to 82 days for the same period in 2009. Currently there is approximately a 3.4 month supply of inventory with 85 houses on the market for sale in Power Ranch as of 02/25/2011. With prices down so low and interest rates very favorable it is a great time to buy if you know how and where to look. As real estate experts in Power Ranch, we're here to help you find a great property at a great price, please contact us today for an up to date market report or a FREE list of bank owned foreclosed homes in the Power Ranch area.