In January 2017, there were 22 homes sold, with a median sale price of $1,430,500 - a 22.8% increase over the $1,165,000 median sale price for the same period of the previous year. There were 21 homes sold in Paradise Valley in January 2016.
The median sales tax in Paradise Valley for 2017 was $7,780. In 2016, the median sales tax was $7,612. This marks an increase of 2.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.
The following table compares Paradise Valley to other Maricopa County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Paradise Valley | 22 | 21 | 4.8% | $1,430,500 | $1,165,000 | 22.8% |
| Wickenburg (unincorporated) | 1 | 1 | 0% | $1,050,000 | $345,000 | 204.3% |
| Scottsdale (unincorporated) | 3 | 3 | 0% | $875,000 | $485,000 | 80.4% |
| Cave Creek | 6 | 7 | -14.3% | $727,500 | $595,000 | 22.3% |
| Uninc-85262/Tonto National Forest | 4 | 2 | 100% | $599,500 | $55,000 | 990% |
| Gilbert (unincorporated) | 1 | 0 | - | $585,000 | $0 | - |
| Carefree | 12 | 6 | 100% | $557,500 | $527,500 | 5.7% |
| Rio Verde (unincorporated) | 7 | 5 | 40% | $535,000 | $460,520 | 16.2% |
| Uninc-85375/Sun City West | 1 | 0 | - | $516,000 | $0 | - |
| Litchfield Park | 8 | 15 | -46.7% | $425,000 | $360,000 | 18.1% |
| New River (unincorporated) | 3 | 4 | -25% | $394,500 | $331,000 | 19.2% |
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