Lawyers Title Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Thu Feb 21 2019
This week the median list price for Cave Creek, AZ is $634,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 293. Click here to stay informed with the Cave Creek market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Cave Creek, AZ

Thu Feb 21 2019
This week the median list price for Cave Creek, AZ is $634,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 293. Click here to stay informed with the Cave Creek market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $634,900
Per Square Foot $221
Days on Market 137
Price Decreased 46%
Price Increased 3%
Relisted 7%
Inventory 293
Median House Rent $4,500
Most Expensive $5,350,000
Least Expensive $294,000
Market Action Index
Slight Buyer's Advantage
29

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
$1,230,000 4,170 1 - 2.5 acres 4 4 12 2 1 247
$775,000 3,292 1 - 2.5 acres 4 3 19 7 6 133
$549,900 2,782 0.25 - 0.5 acre 4 2 20 6 6 85
$377,950 2,001 0 - 4,500 sqft 3 2 22 10 10 86