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

Sun Aug 01 2021
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Cave Creek, AZ

Sun Aug 01 2021
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 73. This is an increase over last month's market action index of 70. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,000,000
Median Price of New Listings $792,000
Per Square Foot $342
Average Days on Market 129
Median Days on Market 42
Price Decreased 32%
Price Increased 0%
Relisted 2%
Inventory 47
Median Rent $4,700
Market Action 73
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,500,000 5,681 5 - 10 acres 4 4 20 0 1 147
$1,274,500 3,520 1 - 2.5 acres 4 3 9 1 3 21
$824,500 2,631 0.5 - 1 acre 3 2 29 4 3 10
$587,500 2,192 4,500 - 6,500 sqft 3 2 21 3 5 42