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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$949,000 :: 1303 N Regatta Drive, Gilbert AZ, 85234

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4 beds, 4.50 baths
Home size: 4,492 sq ft
Lot Size: 10,276 sq ft
Added: 01/25/17, Last Updated: 05/25/17
Property Type: Single Family - Detached, Residential
MLS Number: 5551340
Tract: Regatta At Val Vista Lakes Amd Lot 1-108
Status: Active


Beautifully remodeled home located in the Heart of Gilbert! water front property looking straight down lake with no obstructions! Gorgeous stone work throughout the property, tiled pool and complete outdoor BBQ with a built in Pizza Oven and commercial grade misting system. The kitchen has top-of-the-line stainless appliances and built-in coffee maker. Unique, arches solid core doors and ornate iron work! AC and heating system replaced in May 2017! Custom garage storage and epoxy floors! Attention to detail is evident in every square foot of this home!

Listed with US Preferred 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/!


$600,000 :: 1002 W Nautilus Drive, Gilbert AZ, 85233

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4 beds, 3.00 baths
Home size: 2,719 sq ft
Lot Size: 9,100 sq ft
Added: 03/30/17, Last Updated: 05/23/17
Property Type: Single Family - Detached, Residential
MLS Number: 5582795
Community: The Islands
Tract: Catalina Bay At The Islands Lt 1-67 Tr A-I K-M O-
Status: Active


GORGEOUS UPDATED lakefront property in The Islands! Over $120k in renovations over the years, including: kitchen, baths, flooring, AC units, granite, SS appliances, water softener & heater, int/ext paint, S & W facing windows, lighting/fans, security doors, and much more. Formal LR & DR, eat-in kitchen, FR and convenient bed/bath downstairs. Master retreat w sitting rm & walk-in travertine shower, soaking tub, new cabinets. 2 more bedrooms plus bath upstairs. A ''MUST SEE'' BACKYARD! A TRUE tropical retreat with mature landscaping, flowering shrubs, pool with waterfall, several cozy sitting areas, dock by lake, extended covered patio -- all perfect for relaxing or entertaining guests. Enjoy holiday boat parade from backyard or boat to Islands park for all community events! Come see!

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/!


$590,000 :: 552 N Mondel Drive, Gilbert AZ, 85233

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4 beds, 2.50 baths
Home size: 3,552 sq ft
Lot Size: 8,625 sq ft
Added: 03/04/17, Last Updated: 05/22/17
Property Type: Single Family - Detached, Residential
MLS Number: 5570324
Community: Playa Del Rey
Tract: Playa Del Rey Amended
The price of this listing was last reduced on 5/22/2017 by 2%
Status: Active


The minute you walk through the European-custom iron front door, you will be impressed. Majestic cathedral ceilings greet you. Stunning 4 bedroom 2.5 bathroom home located in your very own water ski subdivision of Playa Del Rey. So many upgrades: remodeled kitchen, Viking Refrigerator,6 burner cooktop and Fisher Paykal dishwasher. Beautiful curved wooden staircase leading to loft and master. Picturesque view from balcony. Terraced patio, widows walk and your own private dock, exercise pool and backyard. See supplement for more features. Have a boat? Well no more storage or wondering how to store that new boat. Not a boater? You will enjoy a spectacular resort-like back yard from your pool, patio, deck or balcony. An entertainers dream come true. Come and see for yourself before it's gon 552 N. Mondel Dr.Gilbert, AZ 85234Feature sheetLake- front with resort-like back yard, catch and release from your own backyard. Boat Dock (boat for sale too)Custom designed European front door ($12,000 cost new)Cathedral ceilingsHigh- end Chandelier in formal living room and above formal dining room table convey with the home.Custom drapes and cornices Trash compactor in laundry room, white cabinets convey with propertyKitchen:Cherry cabinets with pull-out drawersViking Refrigerator, gas cook top, Fisher Paykal dishwasher, under mount lighting under cabinetsMaster Bedroom and Bathroom:Double sinks, walk-in shower and temperature controlledCustom built-ins in master closet, built-in ironing board, extra linen closet in masterCustom closets in two of the bedroomsRemodeled powder room with bowl sinkUpgraded thermostats and switches (proximity switches)Surround sound and speakersWired for Ethernet3 A/C Units- 14 seer, one is approximately 4 years new.Water heater replaced in 2014Whole house water filtration systemPull down ladder in garagePool: Salt water, pebble tec with variable speed pumpExercise pool, water featureTerrace yard with three seating areasCovered patio and balcony off loft, fountains in front and back convey.Gated Community, Recreation room, catch and release fishing.

Listed with Re/Max Infinity


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 :: 1302 N Crystal Shores --, Gilbert AZ, 85234

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5 beds, 3.00 baths
Home size: 3,322 sq ft
Lot Size: 10,149 sq ft
Added: 05/18/17, Last Updated: 05/21/17
Property Type: Single Family - Detached, Residential
MLS Number: 5607393
Community: Val Vista Lakes
Tract: Crystal Shores Amd Lot 1-82 Tr A-I
Status: Active


Lifestyle. This home & neighborhood are about a lifestyle. Clubhouse events, community events, boat parades, luminary night, etc....This is a one of a kind home in a one of a kind community!! This home is located right on the tip of a peninsula so the views are spectacular!! The proximity to the clubhouse is ideal....just a short boat ride away. The entire home was remodeled in 2015. Wait until you see this gourmet kitchen & breathtaking backyard! Click ''More'' or Supplemental Remarks for more details about the home $265,000.00 in upgrades and improvements in the past 18 months!!*Kitchen: Subzero Built In Refrigerator, Wolf-6 Burner gas stove top w/ indoor Grill, Dual Wall ovens, Dual (2 Full Size) Bosch Dishwashers, Subzero Beverage Fridge, Appliance Caddy, Charging Station, Pass Thru Window to the backyard Bar, Quartz Sink, & Travertine backsplash ($89,000 Kitchen!!)*Over $20,000 in new flooring!*One of the largest docks in VVL! $21,000.00 Trex Dock w/ Lights & Lifetime warranty*Outdoor Kitchen with Gas Fire-bowls, Gas Grill (Very High End Cal Flame Grill), Fridge & Sink. ENTIRE Back-wall & Sidewall has been stoned as well as the pillars & Outdoor Kitchen. The covered patio is almost 500 Sq Ft.!! (Backyard Renovations=$110k!!) *New Awnings 2017*Outdoor Shower*Two Laundry Rooms (One upstairs and one Downstairs) ($2800 to add upstairs laundry!) *Stone Fireplace with Hearth and Mantel*Wood Shutters Throughout*HUGE Mainfloor Bedroom easily converted into a 2nd Master Suite*Master Suite has sitting area, walk-in closet with built in storage (Drawers and Shelving), Sitting area, Double Door Entry w/ Glass Transom, Exit to 332 Sq Ft. Private Balcony overlooking the lake, 2 Ceiling Fans *New Roof & New Kitchen in 2015*Two New HVAC 2015($19,800!! 1-16 SEER, 1-18 SEER)*Surround Sound Throughout/WiFi*2015 all new lighting (Interior and exterior)*New Water Softener 2015*Security System*50 Gallon Gas Water Heater new in 2015*53 FEET of Water-frontage ! WOW! *$3,000 for Insulated Garage Doors*3 Walls of Garage Storage as well as a built in Work Bench*RV Gate*Borders a Common area (No One on 2 Sides!!)*One of the biggest complaints I hear about a backyard pool on a lakefront home is "No Privacy". This is NOT the case here! The pool is tucked away for privacy!!*4922 TOTAL UNDER ROOF SQUARE FOOTAGE! This is a BIG Footprint for Indoor/Outdoor Living!!

Listed with United Brokers 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/!


$735,000 :: 1819 E Lakecrest Drive, Gilbert AZ, 85234

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5 beds, 3.50 baths
Home size: 3,503 sq ft
Lot Size: 11,827 sq ft
Added: 04/08/17, Last Updated: 05/17/17
Property Type: Single Family - Detached, Residential
MLS Number: 5587804
Community: Crystal Shores At Val Vista
Tract: Crystal Shores Amd Lot 1-82 Tr A-I
The price of this listing was last reduced on 5/17/2017 by 2%
Status: Active


AWESOME VIEW OF VAL VISTA LAKES IN CRYSTAL SHORES. THIS IS THE LARGER LAKE WHERE YOU CAN TAKE YOUR BOAT TO THE CLUBHOUSE. TWO MASTER BEDROOMS, ONE DOWN AND ONE UP . GRANITE COUNTERS IN KITCHEN WITH REMODELED KITCHEN. KITCHEN OPEN TO GREAT ROOM WITH FIREPLACE. FORMAL LIVING ROOM OPEN TO FORMAL DINING ROOM. WALK OUT BALCONY ON UPSTAIRS MASTER TO WATCH SUNSETS. COVERED PATIO WITH LARGE GRASS AREA , BUILT IN BBQ, HEATED POOL AND SPA AND WATERFALL. BOAT DOCK . POOL IS GATED FOR CHILD SAFETY. SEE VIRTUAL TOUR IN PHOTO SECTION FOR MORE DETAILS.

Listed with Sun Canyon 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/!


$819,900 :: 2103 E Clipper Lane, Gilbert AZ, 85234

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6 beds, 3.00 baths
Home size: 4,029 sq ft
Lot Size: 11,282 sq ft
Added: 04/21/17, Last Updated: 05/17/17
Property Type: Single Family - Detached, Residential
MLS Number: 5593989
Tract: Val Vista Lakes
Status: Active


UPGRADES GALORE! LOCATED IN THE COVETED GATED REGATTA SUBDIVISION OF VAL-VISTA LAKES! **CUSTOM GOURMET KITCHEN** **BUILT IN SUB ZERO FRIDGE** **WINE FRIDGE** **VIKING STOVE** **OVERSIZE BUILT IN VIKING FRIDGE** **FIREPLACE* **6 BEDROOMS** **MASTER BEDROOM DOWNSTAIRS** **GUEST ROOM DOWNSTAIRS** **LAKEFRONT** **RESORT STYLE BACKYARD** **CUSTOM GRILL** **FIREPIT** **STEAM SHOWER** PRIVATE COMMUNITY CLUB HOUSE** LIST GOES ON AND ON!

Listed with Venture REI, 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/!


$940,000 :: 1002 N Peppertree Drive, Gilbert AZ, 85234

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6 beds, 4.50 baths
Home size: 4,709 sq ft
Lot Size: 12,532 sq ft
Added: 05/12/17, Last Updated: 05/17/17
Property Type: Single Family - Detached, Residential
MLS Number: 5604658
Community: Val Vista Lakes
Tract: Lakeside At Val Vista
Status: Conditional


Absolutely gorgeous home on amazing water front lot in Lakeside with 4 car garage. Solid granite countertops & backsplash, remodeled kitchen with stainless steel appliances; dual oven, wine cooler & island. Open floor plan with custom installed slide away doors overlooks the negative edge pool & spa complete with your own private dock!! Travertine tile, gas fireplace and stove; dual pane pella windows, circular driveway with pavers, and central vac. Shade screens on timer and remote. Custom installed canopy retracts and can cover the entire pool area for great shade in those hot months and exterior gas heaters to keep you warm. Usable space all year long and great home for family or entertaining. Highly sought after Val Vista Lakes Club house just down the stre

Listed with Russ Lyon Sotheby's International 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/!


$569,900 :: 2020 E Catamaran Drive, Gilbert AZ, 85234

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5 beds, 3.00 baths
Home size: 3,221 sq ft
Lot Size: 10,285 sq ft
Added: 03/03/17, Last Updated: 05/16/17
Property Type: Single Family - Detached, Residential
MLS Number: 5569215
Tract: Val Vista Lakes-Regatta
The price of this listing was last reduced on 5/16/2017 by 2%
Status: Active


** Perfect Gilbert Location** **Home is located on a desired water front lot in the prestigious Val Vista Lakes neighborhood** 5 Min to the 60 and Downtown Gilbert! **Entire House Remodeled** **Model Perfect** **Move-In Ready** ** Great Entertainment House** **Gourmet Kitchen** **Granite Countertops** **Stainless Steel Appliances** **Brand New Pebble Sheen Pool** **All New Flooring** **Upgraded Fixtures Throughout** **Remodeled Showers** ** Walk In Glass Showers and huge tub in master** **All New Interior/Exterior Paint** **Upgraded countertops in both Bathrooms** ****Lake view Backyard** Low Maintenance Landscape ** 5 Bedrooms & 3 full baths! ** **Brand New Garage Doors**r **Fast Response** **Very private, gated neighborhood** **MUST SEE*

Listed with Venture REI, 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/!


$645,000 :: 1520 W Commerce Avenue, Gilbert AZ, 85233

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5 beds, 3.50 baths
Home size: 3,943 sq ft
Lot Size: 9,750 sq ft
Added: 04/10/17, Last Updated: 05/15/17
Property Type: Single Family - Detached, Residential
MLS Number: 5588595
Tract: Playa Del Rey
The price of this listing was last reduced on 5/11/2017 by 1%
Status: Active


Vacation in your back yard. Use the Hewitt roll-a-dock in your boat house to lower your boat in the water and take the family skiing. Afterwards jump in the pool or spa before enjoying the lake views by the fire pit. So many lake views inside this home with a luxury finish level. Travertine and wood floors, beautifully finished trim and doors as well as high end hardware, fixtures and more. The open kitchen has the best granite and Dacor appliances you expect. Three bedrooms downstairs and two masters upstairs. Gated community with it's own put-put course. Private exit on your street to McQueen park with indoor classes, indoor basketball, baseball diamonds, soccer fields, tennis, volleyball and more.

Listed with RE/MAX Excalibur


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


$2,100,000 :: 193 N Ski Court, Gilbert AZ, 85233

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6 beds, 7.00 baths
Home size: 6,700 sq ft
Lot Size: 19,990 sq ft
Added: 04/27/17, Last Updated: 05/13/17
Property Type: Single Family - Detached, Residential
MLS Number: 5596646
Tract: Crystal Point Estates Amd Lot 1-20 Tr A-H
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, white 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/!