Gilbert Real Estate Investments

Gilbert real estate investments may be a good financial move, even though the United States Census Bureau’s current housing and population growth estimates are low. The city of Gilbert, Arizona has done a prosperous job on bringing new businesses to the Gilbert area, while maintaining a relaxing, small town atmosphere.

Admittedly, the Unites States Census Bureau projections are low for the next thirty (30) years for Gilbert real estate investments. The number and median prices of resale family homes saw steady growth between 2001 and 2003, with a median resale home price of $174,500.00 U.S. dollars in 2003. The number of resold family homes in 2003 was 4,560.

Resale family homes saw their most significant price jump in 2004 with a median resale family home price of $205,000.00 U.S. dollars. This means that the average resale family home in Gilbert, Arizona gained approximately fifty thousand American dollars ($50,000.00 USD) in equity between 2001 and 2004. For those who already had Gilbert real estate investments, 2004 was a great year.

However, 2005 proved the best yet, with a median resale family home price increase from $205,000.00 USD in 2004 to $292,000.00 USD in 2005. Gilbert real estate investments illustrate the difference a year can make.

The number of new homes built and sold in Gilbert, Arizona from 2001 to 2005 barely increased at all. From 2,845 new homes sold in 2001 to 3,410 new homes sold in 2005, this market experienced slow, almost stalled growth. However, the median prices for newly built homes sold as Gilbert real estate investments (almost all real estate is an investment), saw tremendous growth.

In 2001, the median price for a newly built home in Gilbert real estate investments, Arizona was $177,050.00 USD. The market saw its first major price jump of approximately fifteen thousand dollars ($15,000.00 USD) in 2003, with a median newly built home price of $212,920.00 USD. The most recent big leap in the median price of Gilbert real estate investments in newly built homes occurred in 2005, with a median price of $272,800.00 USD.

Gilbert, Arizona boasts a youthful population. The largest age group of people living in Gilbert, Arizona is that people ages 25-44, at 37.8%. The largest population age group is dependant children under the age of 18. This age group makes up 34.2% of Gilbert, Arizona’s population.

Young adults ages 18-24 only make up 7.4% of the population of Gilbert, indicating a recent trend toward young people leaving the city to go away for college, statistics cannot yet show if these college-bound sons and daughters of Gilbert will return to live and work in their hometown.

The small percentage of elderly individuals, making up a mere 3.8% of the population, indicates that Gilbert’s population has chosen to live there out of opportunity, not necessity or habit. The overall youth of Gilbert, Arizona’s population indicates a strong, growing work force.

Gilbert real estate investments show real potential for growth. While early in the decade was the most prosperous in recent history for Gilbert real estate investments, the youthful population promises industrial growth.

Gilbert’s proximity to Phoenix means that Gilbert’s children have more experience to educational opportunities than those of rural areas. If those children return from college to live and work in Gilbert, the Gilbert real estate investment market will reap the rewards.

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Gilbert Real Estate Investments - A Smart Move!