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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$949,900 :: 1410 E CORAL COVE Drive, Gilbert AZ, 85234

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4 beds, 4.5 baths
Home size: 4,832 sq ft
Lot Size: 15,681 sq ft
Added: 01/20/18, Last Updated: 01/20/18
Property Type: Single Family
MLS Number: 5712006
Community: WEST LAKE ESTATES LOT 1-40 TRA
Tract: WEST LAKE ESTATES LOT 1-40 TRA
Status: Active


Your Grand Mediterranean Estate on the water! Imported Inlaid Italian Marble provides a stunning entry that takes your breath away. Dramatic architectural features, & superior new finishes abound throughout the home! Main level features a guest bedroom suite, & walk-in closet. Also, there is grand library/office. The lavish Master Suite has beautiful hardwood floors, sitting area, dual-sided fireplace, three large walk-in closets & picture perfect lake views. The views never stop, the lake can be seen from the elegant living, dining room, large kitchen & family room. Upstairs, are 2 large bedroom suites; one with private bath and walk-in closet. Sit fireside next to the heated pool & spa & entertain on your outdoor covered patio. And so much more! This home is a must see!

Listed with Cooper Premier Properties 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/!


$600,000 :: 1560 W COMMERCE Avenue, Gilbert AZ, 85233

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3 beds, 3 baths
Home size: 2,861 sq ft
Lot Size: 9,583 sq ft
Added: 01/12/18, Last Updated: 01/16/18
Property Type: Single Family
MLS Number: 5708539
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Status: Active


WATER SKI LAKE FRONT PROPERTY!!, The only home on ARMLS on the water ski lake in the gated community of Play Del Rey. This update to the interior of this home was just completed, new flooring, SS appliances including a new built-in ice maker, trash compactor, microwave, smooth top range, built-in oven and dishwasher. New light fixtures and more. Amazing views across the back of the home of the negavite edge pool with hot tub, fire pots and built in BBQ perfect for entertaining. Ski year round right from your back yard with direct access to the lake from your backyard. 3 car garage with builtin cabinets for lots of storage.

Listed with Starwood 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/!


$799,900 :: 1912 E CATAMARAN Court, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,798 sq ft
Lot Size: 13,939 sq ft
Added: 01/11/18, Last Updated: 01/11/18
Property Type: Single Family
MLS Number: 5707695
Community: REGATTA AT VAL VISTA LAKES AMD
Tract: REGATTA AT VAL VISTA LAKES AMD
Status: Active


THIS HOME IS IDEALLY SITUATED ON ONE OF THE LARGEST NORTH/SOUTH FACING WATERFRONT LOTS & HAS ONE OF THE MOST OPEN SPACIOUS FLOORPLANS IN REGATTA. (A Val Vista Lakes Community)IDEALLY LOCATED ON A CUL DE SAC, THE HOME IS SET BACK WITH A LONG WIDE DRIVEWAY THAT ACCOMMODATES PARKING FOR 3 CARS DEEP AND 3 CARS WIDE IN ADDITION TO THE OVERSIZED 3 CAR GARAGE.ADDITIONALLY, THIS HOME BOASTS ONE OF THE LARGEST BACK YARDS IN REGATTA WITH A REMODELED PEBBLE TEC SALTWATER POOL WITH NEW FILTER AND VARIABLE SPEED PUMP, SALTWATER SPA AND LARGE TRAVERTINE PAVER PATIO. ENJOY THE PRIVACY AND ABSOLUTELY GORGEOUS VIEWS FROM THE COVERED ENTERTAINING AREA OR MASTER BALCONY. YOU CAN SIMPLY RELAX IN THE SPARKLING POOL OR TAKE THE BOAT OUT FROM YOUR PRIVATE DOCK THAT INCLUDES ELECTRIC AND WATER. Home features

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/!


$577,000 :: 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: 01/10/18
Property Type: Single Family
MLS Number: 5670414
Community: PLAYA DEL REY
Tract: PLAYA DEL REY
The price of this listing was last reduced on 11/15/2017 by 1%
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/!


$699,900 :: 1901 E CYPRESS TREE Drive, Gilbert AZ, 85234

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5 beds, 4.5 baths
Home size: 4,646 sq ft
Lot Size: 11,325 sq ft
Added: 12/17/17, Last Updated: 01/10/18
Property Type: Single Family
MLS Number: 5699613
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 12/17/2017 by 7%
Status: Active


COMPLETELY MOVE IN READY 5 bed/4.5 bath two-story BASEMENT HOME on WATERFRONT LOT in sought-after GATED COMMUNITY in Val Vista Lakes. $30k in upgrades, including plantation shutters & updated lighting/fixtures throughout. FRESH INTERIOR PAINT is a huge plus! All woodwork, door & trim has been recently refinished. AMAZING KITCHEN w/ SS appliances (including double wall ovens), beautiful cabinetry w/ glass front accents, appliance garage, huge pantry & island w/ bar top seating. Window lined breakfast room has great view of backyard & lake & connects to the DELIGHTFUL ARIZONA ROOM where you can enjoy the wonderful AZ sunshine all year round! Spacious multi-purpose room downstairs makes the perfect home office, craft/sewing, gym or play room & has bathroom attached. ENORMOUS MASTER SUITE w/

Listed with Rachael Richards 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/!


$650,000 :: 1831 E LAKECREST Drive, Gilbert AZ, 85234

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4 beds, 3 baths
Home size: 2,870 sq ft
Lot Size: 13,503 sq ft
Added: 12/20/17, Last Updated: 12/20/17
Property Type: Single Family
MLS Number: 5700347
Community: CRYSTAL SHORES VAL VISTA LAKES
Tract: CRYSTAL SHORES VAL VISTA LAKES
Status: Active


Must see this beautiful remodeled home on the ''big'' lake in much sought after Val Vista Lakes**This property is exceptionally large on a 13,708 s.f. lot**Enter to living room and separate dining room**Island kitchen is remodeled with granite counter tops, cabinets have been replaced, walk in pantry, stainless steel appliances, breakfast bar and separate eating area**All bathrooms have been remodeled**Tons of grass area in yard with pebble tec pool and waterfall**Newer air conditioners, ceiling fans throughout, RV gate, balcony off master bedroom, and much much more**Val Vista Lakes community includes four lakes, a swimming lagoon, junior Olympic pool, Jacuzzi and a spacious clubhouse with cardio room, weight room, indoor racquetball, and banquet facilities**Other community features inclu

Listed with Penfield Properties


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


$950,000 :: 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: 11/20/17
Property Type: Single Family
MLS Number: 5660217
Community: LAKESIDE AT VAL VISTA LAKES
Tract: LAKESIDE AT VAL VISTA LAKES
The price of this listing was last reduced on 11/15/2017 by 3%
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/!


$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: 11/15/17
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/!


$595,000 :: 1161 W REDONDO Drive, Gilbert AZ, 85233

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4 beds, 3 baths
Home size: 3,251 sq ft
Lot Size: 6,098 sq ft
Added: 11/08/17, Last Updated: 11/08/17
Property Type: Single Family
MLS Number: 5684874
Community: CATALINA BAY AT THE ISLANDS 2
Tract: CATALINA BAY AT THE ISLANDS 2
Status: Active


WATERFRONT HOME with VIEWS from Multiple Rooms including the expanded master suite and its new private balcony. The amazing Views continue from the Great Room and its New Upgraded Fireplace. The Kitchen is Fully Upgraded with Granite Countertops/All New Stainless Steel Appliances and separate Wine Nook with Cooler. Granite and Tile upgrades continue in all 3 full bathrooms. This home has a great backyard for entertaining with large covered patio adjacent to sparkling pool and New Private Boat Dock with Putting Green. Spacious 3 Car Garage. Move in Ready with Spectacular Views. This Islands Home is just minutes away by boat or by walking to the community park which includes large shaded play ground, basketball and sand volleyball courts.

Listed with Keller Williams Realty Sonoran Living


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