Gilbert Home for Sale Real Estate

Gilbert home for sale real estate has boomed over the last several years. According to the United States Census Bureau, in 2000, the median home price in Gilbert, Arizona was $157,300.00 U.S. dollars. In 2001, there were 3,434 resale homes sold, and 2,845 new homes built in the Gilbert area.

Those numbers jumped drastically by 2005, when the Gilbert home for sale real estate market saw 6,715 resale houses sold, and 3,410 new homes built.

Median home prices in the Gilbert home for sale real estate market also increased dramatically from 2000 to 2005. The first significant increase in median home values for resale homes occurred in 2004, when the median price for resale home went from $174,500.00 U.S. dollars in 2003 to $205,000.00 U.S. dollars in 2004.

Most real estate markets can expect approximately a ten thousand dollar ($10.000.00) increase in home resale prices in a one (1) year time period, but 2004 saw a home resale price increase of over thirty thousand dollars ($30.000.00) in one year.

Median sales prices for newly built homes in Gilbert home for sale real estate saw its first major price increase in 2003, when the median price on newly built homes jumped to $212,920.00 U.S. dollars. This is a thirty-five thousand dollar increase from the year before, 2002, when the median price in Gilbert home for sale real estate for newly built homes was $177,965.00 U.S. dollars.

The Gilbert home for sale real estate new-build home market saw its largest price increase between the years of 2004 and 2005. In 2004, the median price for newly built homes in the Gilbert home for sale real estate market was $214,995.00 U.S. dollars. The median price jumped almost fifty thousand dollars ($50,000.00) by the 2005 census, for a median new home price of $272,800.00 U.S. dollars.

The number of resold homes on the Gilbert home for sale real estate market has held surprisingly steady from 2000 to 2005. In 2001, the number of resold homes was 3,435. The first increase worth mentioning came in 2003 at 4,560 resold homes. The open market then grew to 6,310 in 2004, but held reasonably steady at 6,715 in 2005.

The Gilbert home for sale real estate market for newly built homes has shown very little growth for the last few years. In 2001, 2,845 newly built homes sold in Gilbert. The newly built home market did not show a significant increase until 2004 when 3,565 newly built homes were sold. That number actually decreased slightly in 2005 to 3,410 newly built homes sold.

While Gilbert, Arizona experienced a recent housing boom, and resold homes enjoyed the most benefits in terms of equity, forecasts are not upbeat. The United States Census Bureau counted 39,900 total homes in Gilbert, Arizona during the 2000 census. While the estimate for 2010 includes the housing boom of recent years, the estimated number is 69,900.

From there, estimators guess that the total number of homes in Gilbert, Arizona will reach 96,500 in the year 2020, but show very little growth between that year and 2030, which estimators guess to be 96,900.

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Gilbert Home for Sale Real Estate - A Booming Market!