First Arizona Title's Market Report

Cave Creek, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Cave Creek, AZ

Thu Jan 28 2021
This week the median list price for Cave Creek, AZ is $937,500 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has held steady at or around 74. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Cave Creek, AZ

Thu Jan 28 2021
This week the median list price for Cave Creek, AZ is $937,500 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has held steady at or around 74. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $937,500
Per Square Foot $306
Days on Market 175
Price Decreased 24%
Price Increased 8%
Relisted 3%
Inventory 74
Median Rent $3,500
Most Expensive $3,995,000
Least Expensive $269,900
Market Action 51
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,887,500 4,722 5 - 10 acres 4 4 16 1 2 456
$1,190,000 3,636 1 - 2.5 acres 4 3 13 1 3 124
$825,000 2,752 0.5 - 1 acre 3 3 21 4 5 77
$549,500 2,203 8,000 - 10,000 sqft 3 2 22 3 8 53