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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$975,000 :: 5837 S COLUMBUS Court, Gilbert AZ, 85298

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5 beds, 5 baths
Home size: 3,789 sq ft
Lot Size: 42,688 sq ft
Added: 06/23/17, Last Updated: 06/24/17
Property Type: Single Family
MLS Number: 5624322
Community: CIRCLE G AT SILVER CREEK AMD
Tract: CIRCLE G AT SILVER CREEK AMD
Status: Active


Gorgeous Circle G at Ocotillo Custom Estate located on PREMIUM CUL-DE-SAC Lot! Absolutely the most desireable lot in the neighborhood, the exterior of this home features enough space for a tennis and basketball court, and has a gated driveway with parking for 16 cars in addition to a four car garage!! The gracious circlular paver driveway with stone water feature welcomes upon arrival. The entry and all main living areas of the home boast marble floors with granite inlay. The chef's kitchen features gas cooktop, wall oven/microwave, island and peninsula, cherry cabinets with crown moulding and high end granite counter tops. The main house is a split floor plan with private master in it's own wing. A total of 4 bedrooms and 4 baths in the main house, in addition to a flex/teen room, formal

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/!


$625,000 :: 4450 E Ford Avenue, Gilbert AZ, 85234

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5 beds, 0 baths
Home size: 4,175 sq ft
Lot Size: 15,681 sq ft
Added: 01/04/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5541695
Community: GROVES AT SUPERSTITION RANCH R
Tract: GROVES AT SUPERSTITION RANCH R
Status: Active


Gorgeous basement home on large lot! This home is priced to sell at only $149.70/sqft! You can't beat this deal! Luxury accommodations in an exclusive gated community at bargain basement prices! And speaking of basements...while the basement is spacious at over 970sqft, this 4175sqft home has over 3200sqft on the main floor. This home has it all, starting out front with the mature citrus, and beautiful paver driveway with RV gate and pedestrian gate. As you walk through the front door, you'll be greeted by custom tile inlays, stone pillars, and 10-foot ceilings. The kitchen boasts granite countertops, stainless steel appliances, double ovens, gas range, and a large island with breakfast bar. It opens onto the great room for easy entertaining. Then walk into your huge master suite with

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/!


$1,100,000 :: 2033 E ARIS Drive, Gilbert AZ, 85298

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6 beds, 4 baths
Home size: 4,442 sq ft
Lot Size: 20,908 sq ft
Added: 06/23/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5624182
Community: LEGACY AT FREEMAN FARMS
Tract: LEGACY AT FREEMAN FARMS
Status: Active


Semi-Custom Fulton Home on a Premium N/S Corner Lot within the Prestigious Legacy @ Freeman Farms Community. Upgraded T/O Featuring Split Floor Plan w/6 Bedrooms & Media Room, 14 Ft Ceilings, Accent Paint, Upgraded Tile & Carpet/Pad. The Gourmet Kitchen includes Island/Breakfast Bar, Double Thick Quartz Counters w/Custom Backsplash, Upgraded Cabinets w/Under Cabinet Lighting, Stainless Steel Appliances includes Gas Range, Double Wall Ovens, Soft water T/O & an added R/O system. There is Upgraded Lighting, Fixtures, Doors & Baseboards in Every Room. Laundry Room includes Add'l Cabinets, Sink, w/Washer/Dryer included and Quartz Counters. Master Bath includes Dual Sinks, Custom Tiled Shower, Tub w/jets & HUGE Walk-In Closet. All Secondary Bedrooms are Over-sized and all have Walk-In Closets.

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/!


$575,000 :: 6781 S RACHAEL Way, Gilbert AZ, 85298

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4 beds, 3 baths
Home size: 2,740 sq ft
Lot Size: 9,583 sq ft
Added: 06/23/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5624045
Community: SEVILLE PARCEL 26
Tract: SEVILLE PARCEL 26
Status: Active


WOW! This 4 bedroom + den w/ 3 full bathroom home is absolutely incredible and boasts of over $160,000 in upgrades including beautiful tile and a surround sound system throughout and security system , solar windows, a gas fireplace, manual shades, and so much more! The front of the home is adorned with lighting, pavers, and custom gutters for great curb appeal! The eat-in kitchen offers a dual-operating stove (can be gas or electric), upper raised crown molding cabinets, granite counters, a large island, and pull-out cabinets in both the kitchen and pantry - just to name a few highlights! The home also offers soaring 9+ ft ceilings, reverse osmosis, a water softener, and large windows for lots of natural lighting. The master suite features direct access to the back patio, 2 walk-in closet.

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/!


$546,999 :: 2922 E JANELLE Way, Gilbert AZ, 85298

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6 beds, 0 baths
Home size: 4,919 sq ft
Lot Size: 12,632 sq ft
Added: 04/15/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5591150
Community: SHAMROCK ESTATES PHASE 2A
Tract: SHAMROCK ESTATES PHASE 2A
The price of this listing was last reduced on 5/24/2017 by 0%
Status: Active


FORMER MODEL HOME! Your dream home without the high price tag. Stunning two-story home welcomes you with high ceilings, office space, and formal dining room. Large hallway leads into a large open floor concept connecting the kitchen/dining area/large family room. Gas fireplace, upgraded cherry cabinets, granite counter tops, 8 Ft. interior doors, 2+tone interior paint, maple with iron stair railing and numerous other upgrades.Downstairs massive master bedroom/bathroom/master closet will leave you in awe. 5 bedrooms upstairs with 3 full bathrooms and entertainment area. Wood-like flooring, tile and carpet throughout the home. 3 car garage, RV parking, custom built pool, custom basketball court, and soccer area will allow outdoor entertainment for everyone. A MUST SEE!!!

Listed with Glass House International


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


$539,900 :: 2020 E CATAMARAN Drive, Gilbert AZ, 85234

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5 beds, 3 baths
Home size: 3,221 sq ft
Lot Size: 10,454 sq ft
Added: 03/02/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5569215
Community: VAL VISTA LAKES-REGATTA
Tract: VAL VISTA LAKES-REGATTA
The price of this listing was last reduced on 6/14/2017 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/!


$625,000 :: 1520 W COMMERCE Avenue, Gilbert AZ, 85233

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5 beds, 0 baths
Home size: 3,943 sq ft
Lot Size: 9,583 sq ft
Added: 04/10/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5588595
Community: Playa del Rey
Tract: Playa del Rey
The price of this listing was last reduced on 5/11/2017 by 3%
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/!


$679,900 :: 6352 S 154TH Street, Gilbert AZ, 85298

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4 beds, 0 baths
Home size: 3,586 sq ft
Lot Size: 44,431 sq ft
Added: 05/26/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5611253
Community: Urban Non-SUBDIV
Tract: Urban Non-SUBDIV
The price of this listing was last reduced on 6/10/2017 by 3%
Status: Active


Welcome Home! This gorgeous custom 4 bedroom, 4.5 bath estate has it all! Beautiful travertine floors, solid hardwood doors, canterra pillars throughout, plantation shutters, an amazing gourmet kitchen with large island and granite countertops, stainless steel appliances, dual ovens, and a built in Microwave. This Chef's dream kitchen opens up to a huge family room making it a wonderful space for entertaining. The exquisite Master Retreat offers a wonderful place to relax, with a see-thru fire place and a large jetted tub for soaking. This massive home is situated on 1.02 acres. Professional Appraisal was just done and home is priced to sell! Your clients will fall in love this this home.

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/!


$537,709 :: 7599 S PENROSE Drive, Gilbert AZ, 85298

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4 beds, 3 baths
Home size: 3,110 sq ft
Lot Size: 9,583 sq ft
Added: 04/19/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5592882
Community: ADORA TRAILS PARCEL 10
Tract: ADORA TRAILS PARCEL 10
The price of this listing was last increased on 5/30/2017 by 2%
Status: Active


This gorgeous home in the Single Story Community of The Preserve at Adora Trails features Gourmet Gas Cook top, Stainless Steel Appliances, Granite Kitchen Counter Tops with Custom Tile Back splash, Staggered Upper Kitchen Cabinets, Extended Nook with base cabinets, 12' Ceiling at Great Room, 12' Center Pull Sliding Glass Door at Great Room, 8' Interior Doors, Expanded Master Bedroom, French Door to Patio from Master Bedroom, Frameless Master Shower Tile Floor to Ceiling, Double Doors at Den, Upgraded Tile & Carpet Flooring, 2' Garage Extension, Pavers at Drive, Walkways & Front Courtyard, Soft Water Loop, Gas Stub to Patio for future BBQ, Garage Service Door and so much more! COMPLETE IN JULY 2017!

Listed with Maracay 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/!


$553,149 :: 2912 E BLOOMFIELD Parkway, Gilbert AZ, 85296

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4 beds, 0 baths
Home size: 3,054 sq ft
Lot Size: 9,147 sq ft
Added: 04/28/17, Last Updated: 06/23/17
Property Type: Single Family
MLS Number: 5597577
Community: WARNER GROVES AT MORRISON RANC
Tract: WARNER GROVES AT MORRISON RANC
The price of this listing was last increased on 4/28/2017 by 4%
Status: Active


Beautiful new home in Marquis at Morrison Ranch featuring Kitchen with Stainless Steel Gas Cooktop & Double Ovens, Over sized Island, Upgraded Granite Kitchen Counter top & Custom Back splash, Off-White Kitchen Cabinets, Bay Window at Nook, 12'Center Pull Sliding Glass Door at Great Room, Tile to Ceiling in Master Bath Shower, Bedroom # 2 with attached Bath, Teen Room, Den with Courtyard, Laundry Room with Sink and Cabinets, Powder Room, Two-tone Interior Paint, 2'' Faux Wood Blinds, Garage Service Door, Soft Water Loop,Gas Line to Patio for future BBQ, Upgraded 6'' x 36'' Staggered Tile and so much more. HOME COMPLETE OCTOBER 2017!

Listed with Maracay 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/!