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Grand Canyon Times

Wednesday, November 6, 2024

Paradise Valley (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 Paradise Valley (unincorporated) rose by $485,500 while total sales increased by 75%, according to BlockShopper.com.

From January through March of 2018, there were seven homes sold, with a median sale price of $1,715,000 - a 39.5% increase over the $1,229,500 median sale price for the same period of the previous year. There were four homes sold in Paradise Valley (unincorporated) in the first quarter of 2017.

The median sales tax in Paradise Valley (unincorporated) for the most recent year with available data, 2017, was $8,070, approximately 0.5% of the median home sale price for the first quarter of 2018.

The following table compares Paradise Valley (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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