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Misty Williams on Real Estate ~

Gilbert home sales climb…again

April 11th, 2008, 10:16 am · 1 Comment · posted by mistywilliams

The increase was ever so slight, but sales of existing Gilbert homes rose for the second month in a row in March — bucking the downward spiral impacting every other East Valley city.

The town saw 295 sales last month, compared with 290 in March 2007, according to an Arizona State University study. In February, sales hit 265, up from 230 the previous year.

The increases are small, but I find it interesting there were upticks at all. Valleywide in March, sales were down nearly 20 percent from a year ago.

So what’s causing the slight rise? I’ve asked real estate agents who work in that area, but they don’t seem to have any answers. Perhaps, it’s just a blip.

In any case, falling home prices have opened up new opportunities for buyers in the past year. So some families might decide it’s time to strike a deal.

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One Response to “Gilbert home sales climb…again”

  1. Vincent Says:

    The people that are starting to buy are the people that still have their good credit intact. The fools that bought high with crazy ARM’s are not going to be part of the next surge in the market. Their credit is shot…….

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