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Wednesday, November 6, 2024

New River (unincorporated) home prices rise in the first quarter of 2018

Re 12

The median sale price of a home sold in the first quarter of 2018 in New River (unincorporated) rose by $58,450 while total sales decreased by 14.3%, according to BlockShopper.com.

From January through March of 2018, there were 24 homes sold, with a median sale price of $389,950 - a 17.6% increase over the $331,500 median sale price for the same period of the previous year. There were 28 homes sold in New River (unincorporated) in the first quarter of 2017.

The median sales tax in New River (unincorporated) for the most recent year with available data, 2017, was $2,382, approximately 0.6% of the median home sale price for the first quarter of 2018.

The following table compares New River (unincorporated) 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)
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%
Queen Creek224229-2.2%$330,306.50$296,00011.6%

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