Absorption Report

Higley Traditional Academy, Gilbert, AZ

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

How is Absorption Rate calculated? How is Months of Inventory calculated?

Seller's Market	Balanced Market	Buyer's Market
< 5 months Inventory	5 months Inventory	> 5 months Inventory

Houses 19% of available homes are currently under contract

List Price	Available	Sold Last 6 Months	Under Contract Last 30 days	Absorption Rate	Months of Inventory
376k-400k	1			0
$387,770 1354 S Sabino Dr. Gilbert, AZ


401k-425k		3	1	0.5	0

$420,000 1680 S Martingale Rd. Gilbert, AZ $405,000 2100 S Seton Ave. Gilbert, AZ $423,000 3644 E Constitution Dr. Gilbert, AZ
$423,000 3644 E Constitution Dr. Gilbert, AZ
426k-450k	1	6	2	1	1
$450,000 920 S Tucana Ln. Gilbert, AZ
$438,500 4285 E Oakland St. Gilbert, AZ $435,000 2669 E Bart St. Gilbert, AZ $445,000 2816 E Megan St. Gilbert, AZ $435,000 2842 E Megan St. Gilbert, AZ $429,900 2216 S Buckaroo Tr. Gilbert, AZ $449,500 1307 S Joshua Tree Ln. Gilbert, AZ
$438,500 4285 E Oakland St. Gilbert, AZ $429,900 2216 S Buckaroo Tr. Gilbert, AZ
451k-475k		6	1	1	0

$454,000 2485 E Kent Ave. Gilbert, AZ $470,000 919 S Racine Ln. Gilbert, AZ $457,000 3252 E Franklin Ave. Gilbert, AZ $457,000 2576 E Megan St. Gilbert, AZ $458,000 2494 E Del Rio Ct. Gilbert, AZ $460,000 3783 E Woodside Way Gilbert, AZ
$460,000 3783 E Woodside Way Gilbert, AZ
476k-500k	2	10	1	0.8	1.2
$490,000 1735 S Balboa Dr. Gilbert, AZ $485,000 1089 S Annie Ln. Gilbert, AZ
$489,900 3284 E Patrick St. Gilbert, AZ $495,000 3130 E Ivanhoe St. Gilbert, AZ $492,500 3375 E Kesler Ln. Gilbert, AZ $485,000 3823 E Waite Ln. Gilbert, AZ $484,000 2893 E Pony Ct. Gilbert, AZ $485,100 1326 S Minneola Ln. Gilbert, AZ $485,000 3873 E Fairview St. Gilbert, AZ $490,000 1644 S Reseda St. Gilbert, AZ $490,000 2264 S Wallrade Ln. Gilbert, AZ $492,000 1355 S Banning St. Gilbert, AZ
$495,000 3130 E Ivanhoe St. Gilbert, AZ
501k-550k	5	12	2	0.4	2.5
$512,500 2257 S Henry Ln. Gilbert, AZ $550,000 2102 S Nancy Ln. Gilbert, AZ $550,000 2423 E Pony Ln. Gilbert, AZ $529,500 2090 S Moccasin Tr. Gilbert, AZ $549,000 2511 S Entwistle St. Gilbert, AZ
$535,000 2846 E Devon Ct. Gilbert, AZ $525,000 3687 E Oxford Ln. Gilbert, AZ $529,000 1672 S Penrose Dr. Gilbert, AZ $550,000 1840 S Sinova Ave. Gilbert, AZ $509,000 3546 E Carla Vista Dr. Gilbert, AZ $535,000 1894 S Longspur Ln. Gilbert, AZ $520,000 3267 E Tyson St. Gilbert, AZ $543,000 2028 S Martingale Rd. Gilbert, AZ $540,000 1368 S Minneola Ln. Gilbert, AZ $548,000 3933 E Megan St. Gilbert, AZ $545,000 3106 E Patrick St. Gilbert, AZ $505,000 2252 S Henry Ln. Gilbert, AZ
$535,000 2846 E Devon Ct. Gilbert, AZ $535,000 1894 S Longspur Ln. Gilbert, AZ
551k-600k	5	11		0.4	2.7
$559,000 1867 S Seton Ave. Gilbert, AZ $569,900 3691 E Ebano St. Gilbert, AZ $572,400 1724 S Rockwell St. Gilbert, AZ $564,990 1976 S Follett Way Gilbert, AZ $564,900 2772 S Betty St. Gilbert, AZ
$560,000 3134 E Ivanhoe St. Gilbert, AZ $569,000 2655 E Estrella St. Gilbert, AZ $590,000 1358 S Heartland Ln. Gilbert, AZ $584,000 2776 S Betty St. Gilbert, AZ $558,000 2492 S Betty St. Gilbert, AZ $589,400 3885 E Fairview St. Gilbert, AZ $555,000 2788 S Betty St. Gilbert, AZ $570,000 2587 S Melvin St. Gilbert, AZ $575,000 3757 E Perkinsville St. Gilbert, AZ $580,000 2860 E Nunneley Rd. Gilbert, AZ $575,000 3724 E Vest Ave. Gilbert, AZ

601k-650k	4	6	2	0.3	4
$645,000 1723 S Reseda St. Gilbert, AZ $628,900 2066 S Martingale Rd. Gilbert, AZ $610,000 899 S Roanoke St. Gilbert, AZ $639,900 3107 E Franklin Ave. Gilbert, AZ
$645,000 3774 E Shannon St. Gilbert, AZ $630,000 3453 E Milky Way Gilbert, AZ $625,000 4046 E Del Rio St. Gilbert, AZ $635,807 2078 S Nancy Ln. Gilbert, AZ $638,000 3255 E Milky Way Gilbert, AZ $625,000 1075 S Parkcrest St. Gilbert, AZ
$645,000 3774 E Shannon St. Gilbert, AZ $625,000 4046 E Del Rio St. Gilbert, AZ
651k-700k	2			0
$699,900 1797 S Wallrade Ln. Gilbert, AZ $690,000 2682 E Dublin St. Gilbert, AZ


701k-750k		3		0.5	0

$730,000 2981 E Sherri Ct. Gilbert, AZ $735,000 3738 E Loma Vista St. Gilbert, AZ $735,000 2993 E Shannon St. Gilbert, AZ

751k-800k	1			0
$800,000 2820 E Ranch Ct. Gilbert, AZ


801k-850k	2	4		0.3	3
$839,000 3456 E Harrison St. Gilbert, AZ $829,999 1643 S Ponderosa Dr. Gilbert, AZ
$840,000 3502 E Shannon St. Gilbert, AZ $818,000 3446 E Harrison St. Gilbert, AZ $820,000 2764 E Lowell Ave. Gilbert, AZ $832,000 3560 E Megan St. Gilbert, AZ

851k-900k		1		0.2	0

$885,000 2763 E Valencia St. Gilbert, AZ

951k-1m		1		0.2	0

$1,000,000 3041 E Agritopia Loop Gilbert, AZ

1m-1.1m		1	1	0.2	0

$1,050,000 2977 E Ranch Ct. Gilbert, AZ
$1,050,000 2977 E Ranch Ct. Gilbert, AZ
1.1m-1.2m	1	1		0.2	6
$1,145,000 3102 E Agritopia Loop Gilbert, AZ
$1,150,000 2979 E Agritopia Loop Gilbert, AZ

1.2m-1.3m		2		0.3	0

$1,220,000 2689 E Tamarisk St. Gilbert, AZ $1,265,500 2664 E Virginia St. Gilbert, AZ

1.3m-1.4m		2		0.3	0

$1,375,000 2974 E Camellia Dr. Gilbert, AZ $1,350,000 2868 E Camellia Dr. Gilbert, AZ

1.5m-1.6m		1		0.2	0

$1,525,000 2876 E Camellia Dr. Gilbert, AZ

1.7m-1.8m	1			0
$1,769,000 1368 S Mulberry St. Gilbert, AZ

Townhouses 100% of available homes are currently under contract

List Price	Sold Last 6 Months	Absorption Rate	Months of Inventory
326k-350k	2	0.3	0

$330,000 4144 E Jasper Dr. Gilbert, AZ $335,000 4042 E Jasper Dr. Gilbert, AZ

351k-375k	1	0.2	0

$359,900 4290 E Jasper Dr. Gilbert, AZ

1.2m-1.3m	1	0.2	0

$1,203,403 2648 E Longhorn Ct. Gilbert, AZ