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Thursday, November 7, 2024

Litchfield Park home prices rise in the second half of 2017

Realestate1

The median sale price of a home sold in the second half of 2017 in Litchfield Park rose by $49,157 while total sales decreased by 16.5%, according to BlockShopper.com.

From July through December of 2017, there were 66 homes sold, with a median sale price of $419,000 - a 13.3% increase over the $369,843 median sale price for the same period of the previous year. There were 79 homes sold in Litchfield Park in the second half of 2016.

The median sales tax in Litchfield Park for 2017 was $2,164. In 2016, the median sales tax was $2,019. This marks an increase of 7.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.5%.

The following table compares Litchfield Park 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)
Fort Mcdowell (unincorporated) 220%$815,000$329,250147.5%
Carefree756319%$600,000$600,0000%
Cave Creek4451-13.7%$554,250$410,00035.2%
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%

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