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Jan

2008

Gilbert Real Estate: Monthly Sales Trends 2000 - 2007

Posted by Jay - The Phoenix Real Estate Guy as Gilbert Real Estate

Curious about how many homes are sold in Gilbert every month? (Sure you are!) Here are a few different ways to look at the data:

Table showing Gilbert, AZ home sales by month for 2000 through 2007:

Gilbert-Home-Sale-Stats-2000-2007

Here is each year plotted by month. Note that home sales in any given year typically peak in June and are lowest in Dec – Jan. The “shape” of each year’s curve is similar, though the absolute value obviously varies.

Gilbert-Home-Sales-By-Month-Chart

And here is a chart showing monthly home sales in Gilbert from Jan 2000 through Dec 2007. There is an obvious shift that occurred in Jan 2006. Gilbert’s 2007 home sales total of 3,143 was the lowest since 2000 (when the population of Gilbert was significantly less than it is today).

Gilbert-Real-Estate-Monthly-Sales-Chart

Data represents all “dwelling types” (single family homes, condo/town homes, mobile/mfg homes) and signifies homes closed in a calendar month. All data is pulled from the Arizona Regional Multiple Listing Service (ARMLS) and is deemed reliable but is not guaranteed.

It should be noted that many new home sales are not tracked through the MLS. Nor are FSBO homes (For Sale By Owner).

If you are looking for more Phoenix real estate stats, both John Wake and Jonathan Dalton are excellent resources.

Technorati Tags: Gilbert real estate stats, Gilbert home sales, Phoenix real estate stats

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4 Responses

Ginger Wilcox

January 6th, 2008 at 5:37 am
1

The numbers definitely have increased since I moved away in 1999. Any idea how many homes have been added in Gilbert in the last ten years?
Jay - The Phoenix Real Estate Guy

January 6th, 2008 at 8:49 am
2

If you left Gilbert in 1999, you probably wouldn’t recognize it Ginger! (We moved here in 1999, though my lovely bride Francy was born and raised in Mesa.)

Here’s some stats I drug up on Gilbert:

2000 Population: 109,697
Est 2006 Population: 191,617 (74.6% increase)

Owner occupied housing units in 2000: 30,078
New home construction permits issued 2000 - 2006: 25,813

You’d probably be shocked if you came and saw what’s been built and developed since 1999 — 3 hospitals, a *huge shopping mall*, countless restaurants and many a farm now has a sprawling subdivision on it. Despite all that, there is still a nice home town feel to Gilbert.
Ginger Wilcox

January 9th, 2008 at 9:53 pm
3

I lived in the Islands- Warner & McQueen. Born and raised in Mesa- Dobson Mustangs!Thanks for the stats- WOW- a 75% increase in less than 19 years. I still have some family in AZ, but mostly in Scottsdale. My parents sold their home and moved to the beach in California about five years ago. Both my mom and I were agents at Re/Max Anasazi in Tempe. Now you know more about me than you wanted!
Tempe Agent News : Tempe, AZ Home Sales Trends 2000 - 2007

January 11th, 2008 at 7:58 pm
4

[...] Jay Thompson at The Phoenix Real Estate Guy blog recently posted monthly sales trend info for G… Borrowing his format (thanks Jay!), I've done a similar study for Tempe, AZ, a nearby city including comparisons to Jay's Gilbert study.Here's a table of the raw data. 2007 was the lowest sales year in this time period.Here's each year plotted by month. Unlike Gilbert, which typically has peak sales in June, Tempe has been peaking in May. Perhaps this is due to the nature of a college town in preparation for graduations etc and the associated sales of student related housing (that's my guess - any other ideas?). Another interesting difference is that Tempe's highest sales peak occurred in 2004 versus Gilbert's 2005. Otherwise, the curves are similar with lowest points in the November to January time-frame.And finally, a plot of the data by month. Tempe's annual sales cycles had a milder ramp up to the peak, with higher peaks year to year until 2004. Interestingly, the lows were about the same year to year, as compared to Gilbert's higher year to year lows. More than likely, this was due to Gilbert's higher population (and home building) growth rate. According to http://www.census.gov, Tempe's population grew by 11,087 between 2000 and 2006. Gilbert grew by 81,820. Tempe is basically landlocked by surrounding cities with condo developments as the main future housing growth vehicle.As with Jay's data, the Tempe data represents all dwelling types with sales closed in each calendar month. All data was pulled from the Arizona Multiple Listing Service (ARMLS) database, and is deemed reliable but not guaranteed. Posted: Friday, January 11, 2008 3:15 PM by Rod Rebello [...]