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Tuesday, February 18, 2020

Q2 real estate sales report: Phoenix

Real Estate

By Local Labs News Service | Dec 2, 2018

Re 10

Median prices declined in Phoenix over last year, and are up 175.4 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 2 homes sold in Phoenix for a median price of $29,000. That's 39.2 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in Phoenix was in foreclosure.

Median property tax for homeowners in Phoenix was $4,425.42 in 2017 according to tax data from that year. That means homeowners pay 9.3 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Phoenix real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$10,530
-
2010
2
$34,770
230.2%
2011
2
$51,980
49.5%
2012
5
$32,700
-37.1%
2014
2
$27,825
-14.9%
2015
4
$18,020
-35.2%
2016
4
$12,075
-33%
2017
2
$47,685
294.9%
2018
2
$29,000
-39.2%

Median property tax
Median sale price
Effective property tax rate
2009
$3,267.47
$10,530
31%
2010
$4,474.52
$34,770
12.9%
2011
$3,166.16
$51,980
6.1%
2012
$3,775.38
$32,700
11.5%
2014
$2,640.75
$27,825
9.5%
2015
$2,422.47
$18,020
13.4%
2016
$1,768.63
$12,075
14.6%
2017
$4,425.41
$47,685
9.3%

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