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Wednesday, November 6, 2024

Scottsdale home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Scottsdale rose by $28,000 while total sales increased by 5.6%, according to BlockShopper.com.

From January through March of 2018, there were 1,878 homes sold, with a median sale price of $418,000 - a 7.2% increase over the $390,000 median sale price for the same period of the previous year. There were 1,778 homes sold in Scottsdale in the first quarter of 2017.

The median sales tax in Scottsdale for the most recent year with available data, 2017, was $2,228, approximately 0.5% of the median home sale price for the first quarter of 2018.

The following table compares Scottsdale to other Maricopa County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Scottsdale (unincorporated) 282040%$551,000$477,50015.4%
Cave Creek282040%$527,250$587,450-10.2%
Rio Verde (unincorporated) 403129%$471,950$475,000-0.6%
Uninc-85262/Tonto National Forest11837.5%$450,000$618,198-27.2%
Peoria (unincorporated) 2310130%$430,000$432,450-0.6%
Scottsdale1,8781,7785.6%$418,000$390,0007.2%
New River (unincorporated) 2428-14.3%$389,950$331,50017.6%
Laveen (unincorporated) 12771.4%$368,750$310,00019%
Fountain Hills25822017.3%$342,500$350,000-2.1%
Queen Creek (unincorporated) 12119.1%$339,950$315,0007.9%
Phoenix (unincorporated) 2442248.9%$331,000$300,00010.3%

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