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Wednesday, November 6, 2024

Paradise Valley home prices rise in the first quarter of 2018

Realestate077

The median sale price of a home sold in the first quarter of 2018 in Paradise Valley rose by $364,000 while total sales increased by 32.9%, according to BlockShopper.com.

From January through March of 2018, there were 105 homes sold, with a median sale price of $1,800,000 - a 25.3% increase over the $1,436,000 median sale price for the same period of the previous year. There were 79 homes sold in Paradise Valley in the first quarter of 2017.

The median sales tax in Paradise Valley for the most recent year with available data, 2017, was $7,780, approximately 0.4% of the median home sale price for the first quarter of 2018.

The following table compares Paradise Valley 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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