Lawyers Title Market Report

Cave Creek, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Cave Creek, AZ

Wed Nov 13 2019
This week the median list price for Cave Creek, AZ is $719,950 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 190. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cave Creek, AZ

Wed Nov 13 2019
This week the median list price for Cave Creek, AZ is $719,950 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 190. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $719,950
Per Square Foot $239
Days on Market 159
Price Decreased 44%
Price Increased 4%
Relisted 4%
Inventory 190
Median House Rent $5,500
Most Expensive $4,000,000
Least Expensive $125,000
Market Action Index
Slight Seller's Advantage
37

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
$1,400,700 4,343 2.5 - 5 acres 4 4 11 1 2 292
$873,000 3,532 1 - 2.5 acres 4 3 17 6 6 171
$627,500 2,959 0.5 - 1 acre 4 3 19 4 4 115
$439,450 2,125 8,000 - 10,000 sqft 3 2 22 3 11 59