East Valley Trends & Updates: Gilbert

 

Real estate values in the greater Phoenix area have soared over the last 12 months and have consistently been on an upward swing ever since 2011-2012. According to trulia.com, Phoenix has experienced an increase of $16,900 (8%) in median home sales over the past year. The average price per square foot for the same area has risen from $147 to $161. On a broader scale, Maricopa county as a whole has risen by on average 7%. What do these number mean for you and your home? Lets break down the market for Gilbert, Arizona.

photo credit: East Valley Tribune

photo credit: East Valley Tribune

 

GILBERT, AZ

Gilbert has become one of the most sought after areas in all of the East Valley with values shooting up over 5% on a year to year average. Gilbert boast access to amenities such as San Tan Village Shopping Center, Dana Park, Gilbert Crossroads, Discovery Park, Freestone Park, and old "Downtown Gilbert" which gives residents a unique experience with many restaurants in a short walking proximity. Gilbert's residents are 78% homeowners with a median household income of $84,500 and age of 33. Gilbert has an attractive A+ crime rating.

Lets talk about marketing time. 

Whether you are a current home owner in Gilbert or a future one, you should know that these homes are moving very quickly. The Average Days on the Market "DOM" for the Gilbert are has decreased from 94 in 2016 to less than 60 today. This number is steadily decreasing and this trend is expected to continue with most homes newly listed receiving over 4 offers on average in 14 days.

Average Day on Market (DOM)

 

Housing trends.

The median sales price for homes in Gilbert have risen $15,000 in the past twelve months alone going from $305,000 to $320,000 with just over 1,600 homes sold. The average price per square foot has risen 8% over the same period of time going from $145 to $157! Represented in the graph below, you can see that the growth and market activity in Gilbert has been exponential. Gilbert has solidified itself as one of the hottest markets in all of the greater Phoenix area.

Median Sales Price

Price in $1,000s

Schools

Lets discuss the schools in Gilbert. There are over 140 schools in the Gilbert Unified School District. I have compiled a list of all the "A+" rated schools in Gilbert for your convenience. If you have any questions or want more information on these schools, please visit azedfoundation.org.

Elementary:

  1. Highland Park Elementary School A+
  2. Centennial Elementary School A+
  3. Val Vista Lakes Elementary School A+
  4. Riggs Elementary School A+
  5. Pioneer Elementary School A+
  6. Patterson Elementary School A+
  7. Oak Tree Elementary School A+
  8. Islands Elementary School A+
  9. Neely Traditional Academy (10 rating from GreatSchools)

Middle School:

  1. South Valley Jr. High School A+
  2. Greenfield Jr High School A+

High School:

  1. Gilbert High School A+
  2. Eduprize Schools A+
  3. Gilbert Classical Academy (10 rating from GreatSchools)
  4. Highland High School (9 rating from GreatSchools)
  5. Higley High School (9 rating from GreatSchools)
  6. Campo Verde High School (9 rating from GreatSchools)

Thank you for checking out this article. If you have any questions, concerns, or inquiries regarding East Valley real estate please email me at mattbeard@azexceptionalhomes.com. I would love to help you with any of your needs. This page was built to best serve you in every way possible. Let me know if I may be of aid!

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