Market Report - Listing Prices in Gilbert, AZ - October 2016

We've got a little bit of a mixed bag of results from October's housing numbers here in Gilbert, Arizona. On some accounts it looks like the busy Summer buying season is still in full swing. However, other indicators have the market beginning it's annual Fall and Winter slowdown. Let's first break down the numbers. The average Active median list price for a home in Gilbert for the month of October 2016 was $345,000 which is surprising increase from the previous month and the third straight month in which this statistic showed an increase or remained neutral. Sold home values experienced a decrease down to $280,000 which is almost a $10,000 drop. New homes being put up for sale also saw an increase up to $309,500. 

So what do these numbers mean if you are a current homeowner in Gilbert or you wish to become one? The busy Summer selling season should be winding down but there are still signs of buyers and sellers remaining active. Each year, it usually takes sellers longer to adjust their prices based upon the decrease in buyer traffic. Over the Fall and Winter you will generally begin to see housing prices begin to decline until next Spring. Sellers need to understand that if you price your home too high your home will be received by buyers with a resounding thud. The longer your home lingers on the market the more it becomes a stale listing and you may miss your sales window of opportunity. 

Regardless of the current prices in August, if you are a homeowner, you have seen some steady equity built in to your property over the past year. Conversely, if you have been thinking of purchasing a property in Gilbert there are some price ranges that are once again seeing multiple offers placed on homes and buyers are snapping up the most affordable houses that hit the market each week. But armed with a little knowledge and a hard-working real estate agent from Zion Realty wrapping up that perfect home before another buyer gets to it should be a little less stressful! 

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us Today!  

Coronado Ranch Homes for Sale in Gilbert, AZ 85297 - October '16

When it comes to location, outdoor neighborhood amenities, and lifestyle, Coronado Ranch is a highly sought after community situated in Gilbert, Arizona. While consistent residential and business growth has pushed new home builders further away from the center of Town, Coronado Ranch is perfectly positioned to take advantage of a bustling and vibrant area. Located between Higley Rd and Power Rd to the East and West, and Queen Creek Rd and Germann Rd to the North and South, residents of this wonderful neighborhood have just enough room to stretch out yet are still conveniently within minutes of shopping, freeway access, and Nationally acclaimed restaurants.

As soon as you pull in to this subdivision you'll notice the wide streets and tall, mature landscaping that provide a sense of openness and tranquility. This is a large community of 998 homes, however, once you become a homeowner in Coronado Ranch you'll quickly understand how friendly and inviting this active neighborhood really is. Even on the hottest Summer days or coldest Winter nights there is never a shortage of families outdoors walking their pets, running the winding trails and sidewalks, or playing in one of the many lush and green parks.   

Does your job require a long distance commute each day? Residents of Coronado Ranch have easy access to the 202 Red Mountain Freeway. Do you have children who range in age from toddler to college student? If you call Coronado Ranch your home you'll be minutes away from Coronado Elementary School, Williams Field High School, Cooley Middle School, ASU Polytechnic Campus, and the East Valley Institute of Technology(EVIT). 

Need to catch a flight? Coronado Ranch is just a few miles away from Phoenix/Mesa Gateway Airport. Hungry for entertainment, shopping, and restaurants that have been featured on national television? If you reside in Coronado Ranch you'll have an endless amount of options to choose from since the San Tan Village Mall, Top Golf, and Joe's Farm Grill are all just minutes away. 

If venturing out isn't on your favorite to-do list then Coronado Ranch also has great options for family fun and entertainment built right in to the community. Enjoy a combined 32-acres ofgreenbelts, soccer parks, basketball courts, children's playground areas, and a community splash pad complete with water buckets and water canons!

Neighborhood Sales information for Coronado Ranch October 2016:

Total Sold Homes: 5

Average List price: $324,778

Average Sold price: $322,600

Approximate Square Footage of Sold homes: 2,577

Average Sold Price per Square Foot: $125.58

Average Days on Market: 46

Click Here for a current list of homes for sale in Coronado Ranch. 

If you or someone you know are interested in purchasing or selling a property in Coronado Ranch or in other areas of Gilbert, Arizona then contact us Today! We are a locally owned real estate brokerage right here in Gilbert and can educate you on the benefits of each community. 

The Most Expensive Home sold in Arizona last week - 11/1/16

The most expensive home sold in Arizona last week is located in the zip code of 85253 which is one of the most sought after zip codes in all of Paradise Valley! At over 9,500 square feet this massive property sold in only 25 days on the open market for $3.85 million dollars. The exterior of this property transports you to a luxury resort with it's lush green grass, multi-tiered water feature, abundantly sized, crystal clear swimming pool, entertainer's covered patio, and a balcony that overlooks Camelback mountain and sparkling city lights. 

The interior of this home is clean and updated as this home was recently completely renovated. As you would expect from this caliber of property, there is no shortage of imported stone flooring, exposed wooden ceiling beams, multiple grand fireplaces which are signature pieces to each room they are in, and a soft neutral color palette. You will also find amenities such as a game room, fully stocked wet bar, private study, library, and chef's kitchen. The master bedroom has more than enough room and the master bathroom features a deep soaking tub, and wrap-around walk-in shower. If the new home owners have overnight guests, they'll have plenty of space to stretch out in their own private and seperate guest suite. Click on the picture below for the full MLS listing:

Location: Paradise Valley

Size: 9,527 sqft

Bedrooms: 5

Bathrooms: 6.5

Lot size: 46,912 sqft

If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us Today! We'd love to help you find your dream home!

Infill lots & Raw Land for Sale in Gilbert, AZ - Update September '16

Purchasing land can seem like a monumental task to those who have never ventured down that road. There are many different laws and regulations that accompany land transactions that you never have to deal with or even think about when buying a traditional home. A few questions that you need to first consider are whether or not you want to buy a plot of land in an already subdivided location or would you rather purchase your parcel far away from the city limits? 

What is the difference between an infill lot and raw land? An infill lot is a parcel of land that is located in an already developed subdivision. The surveys have been done, the land has been leveled and graded, and the parcel sizes have been marked and divided. In most cases utilities have already been run to the lots and roads and sidewalks have been paved. Also most infill lots are located in developed neighborhoods that have an established Home Owners Association which will have it's own rules and guidelines you must follow if you wish to be a homeowner in that subdivision. Your HOA dues will also go towards maintaining the common areas of the neighborhood and the cost of street repairs and other community fixes that will need to be done. Due to the fact that infill lots are ready to be built upon and are usually located closer in to a major city a buyer will pay a much higher cost to purchase a lot of this sort. 

Raw land is just that. It's a piece of land that is still in it's natural, undeveloped state. The owner of the lot should have a copy of a survey showing boundary markers and perhaps has already had utilities run to the property but it isn't a guarantee. If you purchase a piece of raw land, most likely you will incur the cost of leveling and grading the land, obtaining a new survey if needed, and paying for utilities to be run to the property. Because of these extra expenses and due to the fact that raw land is generally a great distance away from a largely populated area, it is not as expensive as buying an infill lot. Raw land is almost never located in an area with a Home Owners Association meaning you usually will not have amenities such as sidewalks, street lights, or paved roads leading to your property. Raw land almost never has access to city water and sewer services so septic tanks and wells must be dug and installed at your expense. 

Gilbert, Arizona has seen steady increases in land and property values since 2012. Those families and individuals wanting to escape the confines of traditional new build or resale homes are branching out to have their own custom home made to their exact specifications.  

Sales information for Gilbert, Arizona Land Lots September 2016:

Total Land Lots Sold: 0

Average List price: N/A

Average Sold price: N/A

Approximate Total Acreage: N/A

Average Days on Market: N/A

Click Here for a list of current Land Lots for sale in Gilbert, Arizona.

There is quite a wide range of lots and locations available in Gilbert. Purchasing land does not have to be a scary proposition. Let the Gilbert, Arizona real estate experts at Zion Realty help you through the process of determining whether purchasing land is right for you. Contact us Today! 

The Most Expensive Home sold in Arizona last week - 10/25/16

The most expensive home sold in Arizona last week may very well be the biggest most extravagant luxury property highlighted in this weekly feature. At over 12,000 square feet this massive mansion sold in only 90 days on the open market for over $11.1 million dollars cash. Silverleaf in DC Ranch is one of the most sought after subdivisions in all of Scottsdale and this property may be the jewel of the entire neighborhood. Situated on over 4 acres of some of the most expensive desert money can buy, this home is perfectly suited to take advantage of the breathtaking mountain and city views. 

The interior of this home is sleek and modern. Clean lines and a fresh current color pallet are just the beginning of this grand compound. The typical high ceilings and exposed wooden beams are ever present. The large imported stone floor tiles provide a seamless transition from room to room. Abundant light illuminates each space from the over-sized windows throughout. You'll also find a 1000 bottle wine room, home theatre, fully stocked bar, and office. Surprisingly enough there really isn't a "wow" factor from this property but rest assured, the new owners won't soon grow tired of living here. Click on the picture below for the full MLS listing:

Location: Scottsdale

Size: 12,833 sqft

Bedrooms: 6

Bathrooms: 9

Lot size: 178,012 sqft

If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us Today! We'd love to help you find your dream home!

How long will it take to sell my Gilbert, AZ home? - September 2016

It's been up and down the past several months in the amount of days it's been taking to sell a home in Gilbert, Arizona. The market saw an increase in this statistic for September after seeing a decrease the previous month. On average in the month of September 2016 a home in Gilbert took 61.5 days on the market before a home sold which is a 7 day increase over the previous month's numbers. Going back a full year the average home in Gilbert sold for just about this same amount of days on the market so we have certainly been in a stable market overall inspite of it's slight ups and downs. There are still some homes in the most highly sought after neighborhoods and locations which are selling almost as fast as they are being placed up for sale, and yet some other homes in the higher price brackets are taking longer than the average to sell. 

The most competitive price range in Gilbert, Arizona currently is that of the first time home buyer between $200,000 and $250,000. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first few weeks of being listed for sale.

We are now headed in to the slower Fall and Winter real estate market. Historically during this time of year it takes more time to sell a property as there are less buyers in the market for a new home. If you're a buyer, you want to see the Days on Market increase because for you that means you have more time to think about a home before needing to make an offer. If you're a seller you want to list your house sooner rather than later. The Summer time real estate market will bring more listings and more homes competing against yours for the eyes and dollars of buyers. Armed with a little knowledge and a hard-working real estate agent from Zion Realty buying or selling a home will be a little less stressful! 

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us Today!