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: 234 About Matt: Matt has been a licensed Real Estate Broker since 2003 and with American AllStar Realty since 2005. ...
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Matt has been a licensed Real Estate Broker since 2003 and with American AllStar Realty since 2005. Matt lives and loves real estate, especially assisting Buyers and Sellers in residential transactions.
I have always held a vision of personal real estate service that would far exceed customer expectations. Myself and my team of agents are able to negotiate competently on a clients' behalf and consistently handle even the most complex property transactions with ease. This teamwork, attention to detail and serving the customer with an above-and-beyond philosophy, has helped American AllStar Realty succeed in spite of a sometimes-adverse economy. A solid reputation has been built through hard work, integrity and a str ong code of ethics.
I am a hardworking professional, focused on delivering real results. You truly want someone in your corner when it comes to any real estate transaction.
This has been some of the best weather in the Phoenix Metroarea
"Matt Pennington was the best real estate agent I've ever dealt with he was attentive to my Needs & Wants was only giving me listings of stuff I wanted to see was able to meet as quickly as I was able to meet him to look at properties and to put the beds in on them when I found the property I wanted to put the offer in right away winter winter clothes on the house by the time we got to the appraisal there was a few hiccups where paint had to be scraped and peeled off of the house Matt Pennington not once but twice and help paint and scrape paint off this house so that it would pass inspection for the appraisal as far as I'm concerned he's the only real estate agent you should use"