Gilbert Edition - July 2020

GILBERT EDITION

REAL ESTATE

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VOLUME 2, ISSUE 11  JULY 29AUG. 25, 2020

Gilbert housingmarket stays strong despite coronavirus Low inventory creates competition, seller’s market

GILBERT REAL ESTATE STAYS HOT Realtors describe the Gilbert residential real estate market as a seller's market as demand

June 2018-May 2019 June 2019-May 2020

continues to exceed supply, making for increasing prices and shorter turnaround on selling homes.

BY TOM BLODGETT

greater eect was on how homes are sold with technology, such as utilizing virtual walkthroughs to make sellers more comfortable. The biggest issue facing the market is not COVID-19, but low home inven- tory—a condition that predates the pandemic, Realtors said. This in turn has caused increased demand, which increases competition for homes on the market and drives prices up, in some cases above asking price. Additionally, a dip in activity during the state’s shutdown is over now,

The Gilbert residential real estate market has heated up despite fears of what the coronavirus pandemic could do to housing prices. In fact, some Realtors and agents said they see few eects from the pan- demic, mostly in small segments. “It’s denitely a great time for peo- ple if they’re still looking at buying or selling,” said Realtor Adrianne Lynch from Conway Realty in Gilbert. “Gil- bert is still a great opportunity.” While the pandemic may have aected some market segments, the

AVERAGE DAYS ONMARKET

MEDIANHOME SALES PRICE

NUMBER OF HOMES SOLD

SOURCE: WESERVCOMMUNITY IMPACT NEWSPAPER

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School districtswrestle with reopening details

Mike Thomason said. “From the end of May till now, things have changed three or four times. I do want to tell you, the precautionary tale for our teachers, our students, our sta, we are doing the very best we can in an ever-changing world of COVID.” All three districts plan to start instruction remotely only until in-person instruction is allowed. Gov. Doug Ducey issued an executive order June 29 that pushed in-person school start dates back to Aug. 17, and that could be pushed even further back if the state’s COVID-19 case numbers continue to remain so high. Higley USD planned to start July 27 as originally scheduled, while Chandler USD and Gilbert Public

Instruction models

Gilbert’s districts are oering dierent options for learning this fall.

BY TOM BLODGETT

The three school districts that serve Gilbert announced plans for return to school in the fall, but all three admitted those plans are subject to change as the COVID-19 environment changes. “We have done the very best we can to put together an incredible program for opening school next year, but with that being said, from last week to this week, things have changed,” Higley USD Superintendent

Gilbert Public Schools

Higley USD

Chandler USD

SOURCES: GILBERT PUBLIC SCHOOLS, HIGLEY USD, CHANDLER USD COMMUNITY IMPACT NEWSPAPER

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2020 EDI T ION REAL ESTATE

REAL ESTATE EDITION

11

IMPACTS

4 MITCH'S BEADS

8 UNION GRILL & TAP

9

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