Desert Harbor FishingMark Twain is credited with popularizing the phrase, “Lies, damned lies, and statistics”. Obviously,  he was aware how data can be manipulated, misleading and  needs to be understood in the proper context.  In real estate, we deal with statistics on a daily basis.  In an effort to understand trends, we encounter the terms “average sales price” and “median sales price”.  Both of them use the same set of data. Its just how you look at the data so it is useful to understand the difference between the two terms.

 

Median vs. Average Price in Real EstateCoral Point - The Falls waterfront

The calculations for average and median prices are fairly straight forward.

The median of a set of numbers is that number where half the numbers are lower and half the numbers are higher. When we’re considering real estate,  that means that the median is the price where half the homes are less expensive, and half are more expensive.

The average of a set of numbers is the total of those numbers divided by the number of items in that set.    For example:

Median  vs Average

For the data to the left let’s determine the median and average for these 11 houses.  The value or median where there are an equal number above and below is $210,000.

To calculate the average we add the prices of the 11 homes which gives a total of $3,385,000. Now divide this by 11 and the average house price is $307,727.

As you can see, the difference between the median and average is almost $100,000!  The distribution of the data is the key.  The median will keep the outliers on the extremes from overly influencing the  calculation.

Waterfront on Ocotillo Lakes with boatSo when you’re listening to someone talk about the median vs. the average price per square foot, it’s important to understand the different and how the distribution of the data can affect the outcome.

If you’re looking for that special home but need help finding it, go to send me listings and describe what you’re looking for and I’ll be glad to help.

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$649,900 :: 1401 W SANDPIPER Drive, Gilbert AZ, 85233

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4 beds, 2.75 baths
Home size: 3,884 sq ft
Lot Size: 10,018 sq ft
Added: 10/20/17, Last Updated: 10/20/17
Property Type: Single Family
MLS Number: 5676764
Community: TRES VISTAS LOT 1-26 PARCEL A-
Tract: TRES VISTAS LOT 1-26 PARCEL A-
Status: Active


Gilbert's fabulous ''Islands'' community. Lake #1 is freshwater w/ catch and release fishing, great boating & fabulous sunsets(sorry no swimming). This former ''Street of Dreams'' home is like resort living. Professionally landscaped yard slopes to a beautiful water view w/a boat dock ready backyard. Inside, a foyer w/marble tile flooring and plush carpet. Open & airy floor plan, waterfront windows, 20ft ceilings, skylight,two fireplaces,2nd story balcony,formal dining, sunken living rm w/fireplace,family rm, & a roomy kitchen. Oversized master bedroom suite w/2 walk-in closets & soaking tub. Over $100,000 in upgrades. Hurry it will go fast!!!

Listed with West USA Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,900,000 :: 378 N SHORE Lane, Gilbert AZ, 85233

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6 beds, 6 baths
Home size: 7,120 sq ft
Lot Size: 20,037 sq ft
Added: 03/11/17, Last Updated: 10/18/17
Property Type: Single Family
MLS Number: 5573801
Community: CRYSTAL POINT ESTATES AMD LOT
Tract: CRYSTAL POINT ESTATES AMD LOT
The price of this listing was last reduced on 8/17/2017 by 5%
Status: Active


Resort Style Living! PRICED BELOW CURRENT APPRAISAL! Fabulous Custom Home on Private water ski lake! 6 BR,4 Full & 2 half Baths. Featuring 164' of Waterfront living. Recently remodeled! Seller spared no expense on the remodel of this soft contemporary home! OWNED SOLAR SYSTEM WITH CURRENT ELECTRIC AT ONLY $225/MONTH! Fabulous formal living room w/wall of windows w/lake views greats you upon entry. Exquisite master suite on main level w/sitting room & fireplace. Huge master bath w/his & hers vanities, jetted tub, huge walk in snail shower, & a large custom built closet, every ladies dream! 3 other bedrooms and 2 1/2 baths on main level.Chef's kitchen w/new top of the line stainless steel appliances, double ovens, induction cook top, subzero refrigerator, beverage refrigerator drawers,

Listed with Revelation Real Estate


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$585,000 :: 480 N MONDEL Drive, Gilbert AZ, 85233

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4 beds, 2.5 baths
Home size: 3,552 sq ft
Lot Size: 11,325 sq ft
Added: 10/06/17, Last Updated: 10/06/17
Property Type: Single Family
MLS Number: 5670414
Community: PLAYA DEL REY
Tract: PLAYA DEL REY
Status: Active


ENJOY RESORT STYLE LIVING IN THIS BEAUTIFULLY APPOINTED PLAYA DEL RAY WATERFRONT HOME. AN ENTERTAINERS DREAM! OPEN THE DOOR TO SOARING VAULTED CEILINGS INTO THE FORMAL LIVING AND DINING AREA. ENJOY THE LAKE VIEW FROM HERE OR HEAD STRAIGHT TO THE BACKYARD. SOAK IN THE HEATED SPA OR TAKE A DIVE INTO THE PEBBLE TECH POOL. THE MASTER SUITE IS CONVENIENTLY LOCATED ON THE FIRST FLOOR AND BOASTS AN EXQUISITELY REMODELED MASTER BATH WITH A WALK IN TILE SHOWER, SOAKING TUB AND LARGE DUAL VANITY. YOUR KIDS OR GUESTS WILL ALSO ENOJOY A REMODELED BATH UPSTAIRS WITH TWO BEDROOMS, A LOFT AND SPECTACULAR VIEW FROM THE BALCONY. THE COMMUNITY AMENITIES ARE ENDLESS. THE LAKE ALLOWS SKIING, BOATING, AND SO MUCH MORE. VISIT THE CLUB HOUSE, PUTT PUTT GOLF COURSE OR VENTURE VIA PRIVATE ACCESS TO MCQUEEN PARK.

Listed with My Home Group Real Estate


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$615,000 :: 1449 W BAHIA Court, Gilbert AZ, 85233

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5 beds, 3 baths
Home size: 4,282 sq ft
Lot Size: 7,840 sq ft
Added: 09/08/17, Last Updated: 09/28/17
Property Type: Single Family
MLS Number: 5657577
Community: THE ISLANDS UNIT 1 LOT 1-9
Tract: THE ISLANDS UNIT 1 LOT 1-9
The price of this listing was last reduced on 9/8/2017 by 5%
Status: Active


WATERFRONT Cul De Sac BASEMENT home with 5 bedrooms & 3 bathrooms. LAKE VIEWS can be enjoyed from the Kitchen, Living & Dining room. Upstairs Master has a Large Walk in Closet, VIEW Balcony, Dual Sinks & a separate Shower & Tub. There are 2 other bedrooms & a full bathroom with a loft area upstairs. An Additional Bedroom is located on the Main Floor next to a Full Bathroom & Laundry area. The main floor offers a Family Room, Living Room & Formal Dining Area. Passage Way to the Basement is cleverly located behind bookcase in the entryway & offers a great area for a Gym, Living Space or Bedroom. Gourmet Kitchen has a Breakfast Area, Granite Counters, Sub Zero Built In Refrigerator & JenAir Gas Stove. Backyard Oasis features a Large Pool, Stone Water Feature & Palm Trees.

Listed with Ann Adams And Associates Realty, LLC


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,990,000 :: 193 N SKI Court, Gilbert AZ, 85233

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6 beds, 7 baths
Home size: 6,700 sq ft
Lot Size: 20,037 sq ft
Added: 09/20/17, Last Updated: 09/20/17
Property Type: Single Family
MLS Number: 5662648
Community: CRYSTAL POINT ESTATES AMD LOT
Tract: CRYSTAL POINT ESTATES AMD LOT
Status: Active


Beautiful Custom home on a private water ski lake. Water ski, tube, wakeboard, all out your back door. This home is the builders personal home. Custom in every way. Master Suite, plus office & guest bedroom all on the first floor. All bedrooms have their own full bathroom. Open great room with 21ft ceiling open wall of windows to the beautiful lake view. Granite counter tops, Top of the line stainless steel appliances, double ovens, warming draw, 6 burner Thermador Cook top, custom oak cabinets through out the home. Large center island with vegetable sink & eating area. Large covered patio with built in misters, built in BBQ & sink. Private boat dock with sink & small refrigerator. Large ski house to store tubes, wake boards, skis Large 5 car garage with built in cabinets, epoxy floor

Listed with The Hogan Group LLC


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$769,000 :: 1901 E CYPRESS TREE Drive, Gilbert AZ, 85234

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5 beds, 4.5 baths
Home size: 4,645 sq ft
Lot Size: 11,325 sq ft
Added: 07/05/17, Last Updated: 09/19/17
Property Type: Single Family
MLS Number: 5629011
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 8/26/2017 by 4%
Status: Active


PRICED more than $20K lower than appraised value to allow for more upgrades. WATERFRONT Home in Gated neighborhood of Val Vista Lakes with a fully finished Basement- 4,645 sqft, 5 bedrooms, 4 1/2 bathrooms, huge office with a separate entry. Second story features 2 of the bedrooms plus the Master Suite that offers an additional sitting/TV room and a workout room with a separate entry into the Master Bath. The main level of this beautiful home boasts the elegant Living Room with a 2-way, gas fireplace; the Kitchen with All New Stainless Appliances; the Breakfast Room; a closed in Patio Area with access to the Living Room and the Dining Area; a half bathroom; 1 Bedroom with a private 3/4 bathroom; and the Laundry Room. Fully Finished Basement has 1 bedroom, 3/4 Bathroom,

Listed with Realty ONE Group


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$725,000 :: 1849 E WILLOW TREE Court, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 3,445 sq ft
Lot Size: 12,196 sq ft
Added: 08/30/17, Last Updated: 09/18/17
Property Type: Single Family
MLS Number: 5653543
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


ENJOY VAL VISTA LAKE BOATING, take your BOAT to the CLUBHOUSE and DOCK it and enjoy all of the AMENITIES it has to offer!! WOW! This is it! ASTOUNDING VIEWS from almost every room- Kitchen, Family Room, Dining Room, Living Room and Master Bedroom! Enjoy Grand Cathedral Ceilings, gorgeous TRAVERTINE flooring, NEWER BRAZILIAN HARDWOOD floors,GAS FIREPLACE in Family Room, GOURMET KITCHEN with CUSTOM KITCHEN CABINETS, WINE RACK, built in OVEN, COOK TOP too! IMPECCABLY MAINTAINED! FIRST FLOOR MASTER BEDROOM with SITTING area. Master Bathroom has separate shower and JETTED TUB with double sinks. TWO Guest Bedroom downstairs with FULL Bathroom. You'll love the outdoor with INFINITY pool, Spa and Fire Pit too! Close to Rout 60 & LOTS of STORES.SEE VIRTUAL TOUR IN PHOTO SECTION! A MUST SEE!

Listed with Keller Williams Integrity First


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$975,000 :: 1125 N DATE PALM Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 4,458 sq ft
Lot Size: 13,068 sq ft
Added: 09/14/17, Last Updated: 09/14/17
Property Type: Single Family
MLS Number: 5660217
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
Status: Active


Absolutely stunning semi-custom home in the Lakeside neighborhood in Val Vista Lakes where homes are going up to over $250/sqft. This completely remodeled home features the absolute best lake views that Val Vista Lakes has to offer, a professionally designed putting and pitching green, top of the line artificial grass backyard, stunning 12 person spa and pebble sheen pool that is wrapped with Marbella stone on the pool deck, built in gas and charcoal grills, amazing outdoor gas fire pit that overlooks the lake and pop-out tv for enjoying a game while sitting in the pool or on the patio. Inside you will fine a custom gourmet kitchen with double edge eco-quartz countertops, travertine tile and hardwood floors, plantation shutters and tinted and reflective windows for privacy and efficiency.

Listed with Keller Williams Realty East Valley


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$599,900 :: 1478 W COMMERCE Avenue, Gilbert AZ, 85233

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5 beds, 4 baths
Home size: 4,063 sq ft
Lot Size: 9,583 sq ft
Added: 09/02/17, Last Updated: 09/02/17
Property Type: Single Family
MLS Number: 5655471
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Status: Active


Totally Remodeled!! Live at a quiet private WATER SKI RESORT!!! New decorator 3 tone paint, new stainless steel appliances, new granite counter-tops, new lights, 20x20 tile down stairs, new carpet upstairs, and much more. Home Warranty included and an above ground spa! Fabulous home on a private ski lake in a beautiful gated community in the city!! Jet Ski or Wakeboard in your backyard. Close to downtown, 15 minutes to the airport. Other features of the subdivision include Clubhouse, fishing lake and miniature golf course. Adjacent to public golf course, golf driving range, indoor basketball, tennis courts, soccer field, baseball field, and bike paths. It`s like being on vacation every day. BE SURE TO CHECK OUT THE 3D PHOTOGRAPHY UNDER THE PHOTO TAB VIRTUAL TUOUR!

Listed with Oasis Homes


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!