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Thursday, November 7, 2024

Gilbert (unincorporated) home prices fall 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 Gilbert (unincorporated) fell by $32,500 while total sales decreased by 50%, according to BlockShopper.com.

From July through December of 2017, there were two homes sold, with a median sale price of $407,500 - a 7.4% decrease over the $440,000 median sale price for the same period of the previous year. There were four homes sold in Gilbert (unincorporated) in the second half of 2016.

The median sales tax in Gilbert (unincorporated) for 2017 was $2,515. In 2016, the median sales tax was $2,535. This marks an decrease of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Gilbert (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)
Scottsdale (unincorporated) 463339.4%$550,000$535,0002.8%
Cave Creek (unincorporated) 4350-14%$517,000$464,50011.3%
Litchfield Park6679-16.5%$419,000$369,84313.3%
Peoria (unincorporated) 30300%$418,000$398,2505%
Scottsdale3,2283,1313.1%$407,900$375,0008.8%
Gilbert (unincorporated)24-50%$407,500$440,000-7.4%
Uninc-85262/Tonto National Forest23230%$396,900$458,000-13.3%
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%

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