From January through December of 2017, there were 381 homes sold, with a median sale price of $1,450,000 - a 13.7% increase over the $1,275,000 median sale price for the previous year. There were 330 homes sold in Paradise Valley in 2016.
The median sales tax in Paradise Valley for 2017 was $7,780. In 2016, the median sales tax was $7,612. This marks an increase of 2.2%. 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 Paradise Valley to other Maricopa County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Paradise Valley | 381 | 330 | 15.5% | $1,450,000 | $1,275,000 | 13.7% |
| Paradise Valley (unincorporated) | 18 | 13 | 38.5% | $1,169,000 | $1,730,000 | -32.4% |
| Fort Mcdowell (unincorporated) | 5 | 6 | -16.7% | $730,000 | $469,200 | 55.6% |
| Carefree | 162 | 125 | 29.6% | $600,000 | $575,000 | 4.3% |
| Cave Creek | 99 | 100 | -1% | $540,000 | $452,500 | 19.3% |
| Scottsdale (unincorporated) | 87 | 65 | 33.8% | $538,100 | $535,000 | 0.6% |
| Cave Creek (unincorporated) | 101 | 95 | 6.3% | $517,000 | $465,000 | 11.2% |
| Peoria (unincorporated) | 56 | 57 | -1.8% | $474,950 | $387,000 | 22.7% |
| Gilbert (unincorporated) | 5 | 6 | -16.7% | $450,000 | $440,000 | 2.3% |
| Rio Verde (unincorporated) | 93 | 85 | 9.4% | $405,000 | $412,000 | -1.7% |
| Scottsdale | 7,157 | 6,643 | 7.7% | $400,000 | $380,000 | 5.3% |
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