Thu Aug 23 2018 This week the median list price for Gilbert, AZ is $369,900 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has held steady at or around 619 Single Family Homes.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Strong Seller's Market
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in Market Action Index, we’re in the Seller’s zone. Watch for changes, If the Market Action Index resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Source: Lawyers Title Market Report, Lawyerstitlearizona.com, 8/2018
Author:Matt Pennington Phone: 480-251-0280 Dated: August 23rd 2018 Views: 187 About Matt: Matt has been a licensed Real Estate Broker since 2003 and with American AllStar Realty since 2005. ...
View our latest blog posts in your RSS reader. Click here to access.
CLIENT SERVICE GUARANTEE: American Allstar Realty is committed to providing every customer with the highest level of service. As your agent, I promise to always remember that YOU are the most important person in the transaction. At American Allstar Realty, we believe that communication is the cornerstone to a successful transaction. Please feel free to communicate your wants and needs to me as frequently as possible. If I am ever unavailable to receive your call, I promise to return your call as soon as possible; normally in less than one hour.
Buying or selling a home is about much more than just the price you pay for a piece of land. Selecting a property to become your home or place of business is what it is really about, and that's why I enjoy helping my clients buy and sell real estate. My clients come to me because of my knowledge of the industry and my familiarity wi th the area. I can help you find that "dream" home. Call me today and let's get started!
To navigate the complex decisions involved in today's real estate market requires the guidance of a professional. I am committed to service with an emphasis on accountability, reliability, timeliness and enthusiasm. I provide my clients with all the information necessary to help them make real estate investment decisions throughout the changing market cycles.
A successful real estate transaction is built upon the strength of relationships and the experience of how to get things done. I am well respected by my peers, and have developed invaluable working relationships with other professionals in my industry such as title companies, attorneys, lenders and appraisers.
"Cheryl exceeded my expectations. I have worked with several realtors in the past and none can compare to the dedication and skills that Cheryl provides. She was patient and accommodating during the process, which was a challenge, as I submitted three different contracts on properties prior to final purchase. Cheryl's commitment and personalized service made the process a positive experience. I will definitely recommend Cheryl to family and friends for any real estate needs."