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Wednesday, November 6, 2024

Gilbert (unincorporated) 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 Gilbert (unincorporated) rose by $120,050 while total sales increased by 150%, according to BlockShopper.com.

From January through March of 2018, there were five homes sold, with a median sale price of $600,000 - a 25% increase over the $479,950 median sale price for the same period of the previous year. There were two homes sold in Gilbert (unincorporated) in the first quarter of 2017.

The median sales tax in Gilbert (unincorporated) for the most recent year with available data, 2017, was $2,515, approximately 0.4% of the median home sale price for the first quarter of 2018.

The following table compares Gilbert (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)
Paradise Valley1057932.9%$1,800,000$1,436,00025.3%
Paradise Valley (unincorporated) 7475%$1,715,000$1,229,50039.5%
Uninc-85249/Chandler South Central15-80%$854,500$289,000195.7%
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%

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