Condos for Sale in Gilbert AZ

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About Gilbert, Arizona

Gilbert, Arizona, once a small farming community, has transformed into one of the fastest-growing and most desirable suburbs in the Greater Phoenix area. This vibrant town offers a diverse real estate market, with everything from charming starter homes to luxurious custom-built estates. The trend in Gilbert leans towards family-friendly neighborhoods with modern amenities, spacious floor plans, and eco-friendly features. The community's rapid growth is driven by its excellent schools, low crime rate, and high quality of life. Gilbert's appeal lies in its perfect balance of a small-town feel with the convenience and amenities of a larger city, making it an ideal place for families, professionals, and retirees.

The Gilbert Lifestyle: Active, Community-Centered, and Welcoming
Life in Gilbert is about enjoying the sunny Arizona lifestyle and engaging with a friendly, active community. The town boasts numerous parks, recreational facilities, and miles of trails for hiking and biking. Gilbert's downtown area, known as the Heritage District, is a bustling hub of local eateries, boutique shops, and entertainment, hosting regular community events and farmers' markets. The town's commitment to preserving its agricultural heritage while embracing modern development creates a unique and dynamic living experience. Whether you're a foodie, outdoor enthusiast, or culture seeker, Gilbert offers a little something for everyone.

MARKET INSIGHTS

GILBERT HOUSING MARKET TRENDS

What is the housing market like in Gilbert today?
The Gilbert housing market is somewhat competitive. Homes in Gilbert receive 3 offers on average and sell in around 48 days. The median sale price of a home in Gilbert was $550K last month, up 4.8% since last year. The median sale price per square foot in Gilbert is $284, up 4.0% since last year.
 

How hot is the Gilbert housing market? Gilbert is somewhat competitive. Homes sell in 38 days.

TOP FAQS ABOUT CONDOS IN GILBERT

Yes, they can be, with several factors contributing to their potential:

  • Steady appreciation: Over the past 5 years, the median condo price in Gilbert has risen by 30%, indicating strong long-term value growth.
  • High rental demand: With a growing population and limited single-family home availability, condo rentals are in high demand, promising potential income opportunities.
  • Diverse offerings: Gilbert offers a range of condo options, from luxurious high-rises to affordable, family-friendly communities, catering to various needs and budgets.

However, consider these points as well:

  • Competition: Demand can be high, especially for desirable properties, requiring strategic timing and offers to secure your ideal unit.
  • HOA fees: Be mindful of Homeowner Association (HOA) fees, which can vary between communities and impact your monthly expenses.
  • Limited inventory: While new developments are emerging, the condo market tends to have fewer options compared to single-family homes.

Neighborhood Example: The Seville community, known for its resort-style amenities and walkable proximity to shops and restaurants, boasts a median condo price of $415,000, reflecting its desirable location and high-end offerings.

  • Shifting preferences: Smaller, more affordable studios and one-bedroom condos are gaining popularity, especially among young professionals and first-time buyers.
  • Technology integration: Smart home features and building-wide tech amenities are becoming increasingly sought-after, particularly by tech-savvy buyers.
  • Focus on community: Condos with strong community features like shared spaces, social events, and fitness centers are attracting buyers seeking a connected lifestyle.

Neighborhood Example: The NOVEL Ocotillo community exemplifies this trend with its co-working spaces, rooftop decks, and community events, catering to those seeking a vibrant and interactive living experience.

The "best" depends on your priorities:

  • Luxury living: Seville and Trilogy at Power Ranch offer high-end amenities and spacious units, catering to those seeking a resort-style experience.
  • Walkable convenience: Downtown Gilbert and Heritage District offer proximity to shops, restaurants, and nightlife, ideal for those seeking an active lifestyle.
  • Family-friendly atmosphere: Val Vista Lakes and Cooley Station provide community pools, playgrounds, and green spaces, attracting families seeking a safe and kid-friendly environment.
  • Affordability: Rising costs and HOA fees can create affordability concerns for some buyers, potentially impacting demand.
  • Interest rate fluctuations: Increasing rates could affect affordability and dampen buyer enthusiasm, influencing market momentum.
  • Limited inventory: Finding your desired unit, especially in popular areas, may require patience and quick action due to high competition.
  • Partner with a local realtor: Their expertise in the specific neighborhoods, market trends, and nuances of condo ownership can be invaluable.
  • Define your needs and budget: Clearly outlining your priorities and financial limitations helps narrow down your search and make informed decisions.
  • Be prepared to act quickly: In a competitive market, being decisive and having your finances in order can be crucial for securing your desired unit.

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