About Cave Creek Arizona Homes
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Beautiful Cave Creek Arizona Homes are found North of Scottsdale and on the West Side of Carefree, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (200) Homes available in Cave Creek today.
Our Median Sales Price for Cave Creek Arizona Homes in January was $522,500, up 24.4% from $420,000 in January of 2019 and up 6.2% from $492,000 last month. The average sales price in January was $620,261, up 16.7% from $531,517 in January of 2019 and up 12.7% from $550,294 last month. January 2020 ASP was at highest level compared to January of 2019 and 2018.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Some Real Estate listings in Cave Creek, AZ
Monthly Market Report
January property sales were 60, up from 30 in January of 2019 and -18.9% lower than the 74 sales last month. January 2020 sales were at a mid level compared to January of 2019 and 2018. January YTD sales of 60 are running 100.0% ahead of last year's year-to-date sales of 30.
The total inventory of properties available for sale as of January was 224, up 14.3% from 196 last month and down -21.4% from 285 in January of last year. January 2020 Inventory was at the lowest level compared to January of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for January was 55, down from 60 days last month and down from 74 days in January of last year. The January 2020 DOM was at its lowest level compared with January of 2019 and 2018.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The January 2020 selling price per square foot of $227 was up 5.1% from $216 last month and up 9.7% from $207 in January of last year.
Selling Price vs Original Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The January 2020 selling price vs list price of 97.3% was up from 96.1% last month and up from 94.5% in January of last year.