Located close to Phoenix, Gilbert is known as the most highly populated incorporated town within the nation. The population has increased from less than 6,000 individuals to over 200,000 individuals in only 30 years, making it one of the rising stars in the Chandler region. Gilbert has become highly populated due to its wonderful climate, safety rankings, and high household median income. Home buyers in the Phoenix and Chandler region cannot go wrong in Gilbert.
Many of the properties in Gilbert, AZ are very luxurious, with large pools, expansive yards, and wonderful landscaping. The properties in Gilbert tend to be quite large, usually between three bedrooms and five bathrooms. There are many mansion properties and sophisticated luxury properties, depending on what a home buyer is looking for. Many of the properties within Gilbert are part of larger communities, which help the individual properties retain their value over the years.
Owner-occupied housing values in Gilbert have a median of $157,300, compared to the state average median of $121,300, showing that the property in Gilbert is substantially more valuable than the properties throughout the rest of the state.
The most popular neighborhoods in Gilbert are the San Tan Ranch, Lyons Gate, Shamrock Estates, Coronado Ranch, and Higley Park. The average listing price in these regions ranges from $250,000 to $300,000, and these listing prices have increased significantly throughout 2014. The median sales price has been on the rise since 2011 and is significantly higher than it was at the beginning of 2013.
Despite the incredibly large demand, there isn’t a significant inventory of Gilbert properties for sale. This inflates the value of properties and ensures that properties will retain their value; the real estate in Gilbert is highly sought after and not always available. The average sales price for properties in Gilbert in 2014 was $248,032. The amount of sales has been going down in Gilbert not due to a lack of demand, but a lack of inventory.
Home buyers interested in property in Gilbert will want to get involved quickly in the market. The inventory is limited within the area, with only half as many sales occurring throughout the first quarter of 2014 as the first quarter of 2013 despite increased value. Real estate agents in Gilbert can help home buyers learn more about the region and its benefits.
Professional REALTOR ABR, CRS, CDPE Re/Max Alliance Group
725 W. Elliot Rd., Suite 111
Gilbert, AZ. 85233 Email or Call: 480‑459‑8488
Understandably, Gilbert has undergone an extraordinary amount of expansion in recent years. When first established in the 1920s, Gilbert had a population of merely 900 individuals. As of 2000, the population was 100,000, and the population has doubled in size since then. This has led to many extraordinary new developments throughout Gilbert; the majority of the properties are new, premium properties that are appropriately priced to the luxury of the neighborhood.
Gilbert, real estate agents, will be able to connect you with the best possible developments for your needs. Everything from small single-family homes, luxury mansions, and cozy townhomes and condos are currently available throughout the Gilbert region. With such incredible population increases, the real estate market prices have also increased throughout Gilbert. Realtors in Gilbert will be able to educate you on the fair pricing of homes in different neighborhoods, something that may be very difficult to derive on your own.
The inventory of Gilbert homes for sale can be quite sparse due to the constant influx of new residents, and this is where Gilbert realtors truly shine. They will be able to connect you to existing and new developments and search properties in Gilbert within the communities that the home buyer is interested in. There are many different communities within Gilbert that all have their own unique benefits and designs.
Why You Should Live in Gilbert
Gilbert has gained many tremendous accolades throughout the past decade. The town, which was the fastest growing town in the nation from 1990 to 2003, has been ranked as one of the best places to live in the United States by CNN Money. It is one of the top 25 safest cities within the country and one of the highest educated, with 34.5 percent of all residents holding a higher education degree. Property crime rates in Gilbert are half that of the surrounding counties, and violent crime is virtually nonexistent, with violent crime ratings almost a fifth of the state’s violent crime ratings.
Moreover, Gilbert has the highest household median income for large cities in Phoenix. The median household income in Gilbert is $68,000, compared to the state average of $40,000. Owner occupancy is also quite high in the area, thus ensuring that property values will remain high. It is a diverse and wealthy city with an extraordinary amount of benefits.
Apart from the safety and luxury of the area, Gilbert has wonderful year-round weather and an extraordinary amount of outdoor activities. Located very close to Phoenix, the economy is extremely stable, and there are many opportunities for those in a wide variety of industries. Educationally, there are 14 schools within Gilbert, Arizona, between K to 12, and they all perform exceptionally well.
Anyone interested in a property within the Maricopa County and Phoenix Metropolitan area may want to consider Gilbert. Gilbert is one of the fastest-growing, safest communities in the nation and has quite a lot of potential to continue its growth long-term.