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

Sat Nov 27 2021
This week the median list price for Cave Creek, AZ is $1,100,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has decreased to 47. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cave Creek, AZ

Sat Nov 27 2021
This week the median list price for Cave Creek, AZ is $1,100,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has decreased to 47. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,100,000
Median Price of New Listings $675,000
Per Square Foot $366
Average Days on Market 122
Median Days on Market 28
Price Decreased 26%
Price Increased 6%
Relisted 6%
Inventory 47
Median Rent $6,125
Market Action 67
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,225,000 3,846 5 - 10 acres 4 4 16 0 1 49
$1,412,450 3,582 1 - 2.5 acres 4 3.3 12 1 1 24
$940,000 2,489 1 - 2.5 acres 3 2.5 22 1 4 24
$607,500 2,053 4,500 - 6,500 sqft 3 2.5 25 5 6 24