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 (231) 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
August property sales were 66, down from 78 in August of 2018 and -13.2% lower than the 76 sales last month. August 2019 sales were at a mid level compared to August of 2018 and 2017. August YTD sales of 601 are running 0.7% ahead of last year's year-to-date sales of 597.
The median sales price in August was $465,895, up 2.3% from $455,250 in August of 2018 and down -1.2% from $471,500 last month. The average sales price in August was $535,272, up 6.4% from $503,208 in August of 2018 and down -1.6% from $543,774 last month. August 2019 ASP was at highest level compared to August of 2018 and 2017.
The total inventory of properties available for sale as of August was 222, up 3.3% from 215 last month and down -4.7% from 233 in August of last year. August 2019 Inventory was at the lowest level compared to August 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 August was 41, down from 74 days last month and down from 67 days in August of last year. The August 2019 DOM was at its lowest level compared with August 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 August 2019 selling price per square foot of $213 was up 0.9% from $211 last month and up 6.5% from $200 in August 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 August 2019 selling price vs list price of 97.3% was up from 95.7% last month and up from 96.3% in August of last year.