Gilbert Prices Push Higher (in May)

What a difference a month makes…

From May’18 - Apr’19 the pricing was absolutely flat. I was ready to talk about Gilbert being another part of the narrative of slowing appreciation across much of the Valley. Then I saw the numbers from May’19; now we’re going to talk about more consistent appreciation in Gilbert.

The Median Sales Price in Gilbert was $354,995 in May, up 6% YoY from $334,000 in May’18 and 16% from $305,000 in May’17.

True, pricing was flat for the 11 months preceding May’19, but pricing was also flat in the 11 months preceding May’16, and that didn’t stop the overall upward trend…

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- Chris Butterworth

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.