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Thursday, November 7, 2024

Fountain Hills home prices rise in 2017

Realestate077

The median sale price of a home sold in 2017 in Fountain Hills rose by $30,000 while total sales increased by 3.1%, according to BlockShopper.com.

From January through December of 2017, there were 922 homes sold, with a median sale price of $345,000 - a 9.5% increase over the $315,000 median sale price for the previous year. There were 894 homes sold in Fountain Hills in 2016.

The median sales tax in Fountain Hills for 2017 was $1,817. In 2016, the median sales tax was $1,788. This marks an increase of 1.6%. 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 Fountain Hills to other Maricopa County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Rio Verde (unincorporated) 93859.4%$405,000$412,000-1.7%
Scottsdale7,1576,6437.7%$400,000$380,0005.3%
Litchfield Park142185-23.2%$397,000$350,09213.4%
Uninc-85262/Tonto National Forest45427.1%$392,261$438,539-10.6%
Goodyear (unincorporated) 610-40%$363,500$301,25020.7%
Fountain Hills9228943.1%$345,000$315,0009.5%
Queen Creek (unincorporated) 585113.7%$342,500$339,0001%
Laveen (unincorporated) 3545-22.2%$325,000$271,00019.9%
New River (unincorporated) 84840%$324,000$315,0002.9%
Phoenix (unincorporated) 1,0209705.2%$317,000$291,0008.9%
Queen Creek1,0971,098-0.1%$316,657$299,008.505.9%

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