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 (236) Homes available in Cave Creek today.
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
Corey Frederic –
Coldwell Banker Residential Brokerage
Some Real Estate listings in Cave Creek, AZ
Monthly Market Report
May property sales were 114, up from 108 in May of 2018 and 16.3% higher than the 98 sales last month. May 2019 sales were at their highest level compared to May of 2018 and 2017. May YTD sales of 370 are running 0.3% ahead of last year's year-to-date sales of 369.
The median sales price in May was $452,750, up 3.5% from $437,450 in May of 2018 and up 1.6% from $445,500 last month. The average sales price in May was $517,359, up 7.4% from $481,747 in May of 2018 and up 1.4% from $510,231 last month. May 2019 ASP was at highest level compared to May of 2018 and 2017.
The total inventory of properties available for sale as of May was 277, up 4.9% from 264 last month and up 1.5% from 273 in May of last year. May 2019 Inventory was at a mid range compared to May of 2018 and 2017.
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 May was 59, up from 45 days last month and up from 55 days in May of last year. The May 2019 DOM was at a mid range compared with May of 2018 and 2017.
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 May 2019 selling price per square foot of $209 was up 1.5% from $206 last month and up 4.0% from $201 in May 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 May 2019 selling price vs list price of 97.1% was up from 96.8% last month and up from 95.7% in May of last year.