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Wednesday, November 6, 2024

Paradise Valley home prices rise in January 2018

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The median sale price of a home sold in January 2018 in Paradise Valley rose by $532,000 while total sales increased by 63.6%, according to BlockShopper.com.

In January 2018, there were 36 homes sold, with a median sale price of $1,962,500 - a 37.2% increase over the $1,430,500 median sale price for the same period of the previous year. There were 22 homes sold in Paradise Valley in January 2017.

The median sales tax in Paradise Valley for the most recent year with available data, 2017, was $7,780, approximately 0.4% of the median home sale price for January 2018.

The following table compares Paradise Valley to other Maricopa County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Paradise Valley (unincorporated) 30-$3,800,000$0-
Paradise Valley362263.6%$1,962,500$1,430,50037.2%
Cave Creek (unincorporated) 67-14.3%$709,500$394,00080.1%
Gilbert (unincorporated)110%$600,000$585,0002.6%
Laveen (unincorporated) 220%$579,250$295,00096.4%
Scottsdale (unincorporated) 63100%$566,000$875,000-35.3%
Carefree151225%$480,000$557,500-13.9%
Rio Verde (unincorporated) 147100%$456,400$535,000-14.7%
Cave Creek10666.7%$456,250$727,500-37.3%
Peoria (unincorporated) 82300%$406,000$345,45017.5%
Scottsdale5705219.4%$399,500$392,0001.9%

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