I was talking with an investor client that had purchased a few homes through me in the past. He had heard that inventory was rising in the Phoenix metro area and he wanted to know if prices had dropped and if it would be possible to get a "good deal with a decent rate of return" on another investment home purchase in Phoenix. I knew that this would be a complex question to answer knowing that he had purchased 2 short sale listed single family homes in Gilbert in late 2011 when the market … [Read more...]
New Home Construction in Gilbert Picks Up
Nice to see a bit of good news (for once) in the mainstream press about real estate in Gilbert... A couple of days ago, the Arizona Republic ran an article, Gilbert new-home construction picked up in 2011. Some of the highlights: 1,545 single-family construction permits were issued in Gilbert in 2011. That's up 46% from 1,060 in 2010, and the highest since 2007. Gilbert's new home construction permits outpaced Phoenix, which issued 956 permits in 2011. The majority of new homes being built … [Read more...]
Gilbert Town Council: Vertical Development Zoning Code Amendment
The Gilbert Town Council will hear (and potentially vote on) a proposed amendment Tuesday night to modify the towns “vertical development zoning code”. That’s government-speak for “allow taller buildings to be built”.The proposal, which is endorsed by both the Chamber of Commerce and the Planning Commission has been in development since June 2007. The changes would allow for buildings from 4 to 11 stories tall to be built.Best I can tell, the bulk of the … [Read more...]
Gilbert Real Estate: Listings Between $150 – $200K
While the median value of all 2,719 (!) active single family Gilbert listings is $269,999, there are still many choices available in a lower price range.As of this writing, there are currently 185 single family homes listed for sale in Gilbert with asking prices of between $150,000 and $200,000. Currently: 185 single-family homes in Gilbert between $150 - $200KMany of these are bank-owned and short sale listings, and some are “fix ups”, but there are many nice homes … [Read more...]
2008 Gilbert Community Profile Released
Just about anything you’d like to know about the Town of Gilbert, Arizona is available in a nifty 28 page document available here (PDF file).I thought the chart shown above was pretty telling evidence for how much our little slice of the Phoenix East Valley has changed over the last few years. Sort of explains why housing and real estate development in Gilbert have exploded in the last 10 years.The report contains demographics, business and community resources and an overview of the … [Read more...]
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The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...