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Wednesday, November 6, 2024

Rio Verde (unincorporated) home prices fall in the first quarter of 2018

Re 6

The median sale price of a home sold in the first quarter of 2018 in Rio Verde (unincorporated) fell by $3,050 while total sales increased by 29%, according to BlockShopper.com.

From January through March of 2018, there were 40 homes sold, with a median sale price of $471,950 - a 0.6% decrease over the $475,000 median sale price for the same period of the previous year. There were 31 homes sold in Rio Verde (unincorporated) in the first quarter of 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 the first quarter of 2018.

The following table compares Rio Verde (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)
Carefree444010%$645,250$520,00024.1%
Gilbert (unincorporated)52150%$600,000$479,95025%
Cave Creek (unincorporated) 1726-34.6%$565,000$470,00020.2%
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%

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