Good news folks! Gilbert has come out of the housing recession! At least that's what the newest data says from Michael Orr, Director of the Center for Real Estate Theory & Practice from W.P. Carey School of Business. The news was presented at the Economic Outlook Luncheon earlier this week.
Here is the link to the website: http://knowledge.wpcarey.asu.edu/article.cfm?cid=25&aid=1178
Major findings:
Here is the link to the website: http://knowledge.wpcarey.asu.edu/article.cfm?cid=25&aid=1178
Major findings:
- Current delinquent home loans in Arizona have gone down from 12.4% in February 2010 to 6.1% in March 2012. The normal level is about 4.5%.
- Maricopa County Sales Volume: 3/2011 Traditional Sales: 4,500 3/2012: 6,000
Bank Owned: 1,000 500
Fannie/Freddie/HUD: 2,000 500 - Median Sales Price for March is up from $112,000 in 2011 to $134,900 in 2012
- Gilbert - New home sales are dominating the marketplace! We are building again! In March 2012 there were 160 new home sales compared to 75 in March of 2011
This is extremely exciting for our economy as well as for all our home owners!
Feel free to email me for more information - ChelseaKWAZ@gmail.com
-Chelsea
Keller Williams Realty East Valley
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