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Thursday, November 7, 2024

Phoenix (unincorporated) home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Phoenix (unincorporated) rose by $40,000 while total sales increased by 4.4%, according to BlockShopper.com.

From July through December of 2017, there were 475 homes sold, with a median sale price of $325,000 - a 14% increase over the $285,000 median sale price for the same period of the previous year. There were 455 homes sold in Phoenix (unincorporated) in the second half of 2016.

The median sales tax in Phoenix (unincorporated) for 2017 was $2,815. In 2016, the median sales tax was $2,551. This marks an increase of 10.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.

The following table compares Phoenix (unincorporated) to other Maricopa County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Goodyear (unincorporated) 34-25%$381,712$339,50012.4%
Rio Verde (unincorporated) 38380%$376,250$406,500-7.4%
Fountain Hills4253996.5%$350,000$320,0009.4%
Queen Creek (unincorporated) 291952.6%$347,000$340,0002.1%
Laveen (unincorporated) 1618-11.1%$337,500$299,00012.9%
Phoenix (unincorporated) 4754554.4%$325,000$285,00014%
Uninc-85351/Sun City-Youngtown2256-60.7%$323,221$241,073.5034.1%
Queen Creek5535265.1%$320,000$300,0006.7%
Wickenburg (unincorporated) 1113-15.4%$300,000$233,75028.3%
Gilbert2,6542,812-5.6%$297,000$275,0008%
New River (unincorporated) 2540-37.5%$290,000$310,500-6.6%

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