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Tuesday, November 5, 2024

Rio Verde (unincorporated) home prices rise in May 2018

Re 7

The median sale price of a home sold in May 2018 in Rio Verde (unincorporated) rose by $74,300 while total sales increased by 62.5%, according to BlockShopper.com.

In May 2018, there were 13 homes sold, with a median sale price of $441,800 - a 20.2% increase over the $367,500 median sale price for the same period of the previous year. There were eight homes sold in Rio Verde (unincorporated) in May 2017.

The median sales tax in Rio Verde (unincorporated) for the most recent year with available data, 2017, was $3,072, approximately 0.7% of the median home sale price for May 2018.

The following table compares Rio Verde (unincorporated) to other Maricopa County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Carefree171513.3%$590,000$772,000-23.6%
Scottsdale (unincorporated) 440%$580,925$515,00012.8%
Laveen (unincorporated) 24-50%$485,750$255,50090.1%
Cave Creek (unincorporated) 612-50%$479,500$550,450-12.9%
Cave Creek151225%$475,000$522,000-9%
Rio Verde (unincorporated) 13862.5%$441,800$367,50020.2%
Queen Creek (unincorporated) 7616.7%$439,000$325,50034.9%
Scottsdale706766-7.8%$420,000$408,0002.9%
Surprise (unincorporated) 13-66.7%$415,000$191,000117.3%
New River (unincorporated) 79-22.2%$390,000$345,00013%
Fountain Hills106111-4.5%$371,500$315,00017.9%

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