Lawyers Title Market Report

Cave Creek, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Cave Creek, AZ

Wed Oct 24 2018
This week the median list price for Cave Creek, AZ is $634,990 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 221. 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 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 Oct 24 2018
This week the median list price for Cave Creek, AZ is $634,990 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 221. 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 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 $634,990
Per Square Foot $220
Days on Market 159
Price Decreased 52%
Price Increased 5%
Relisted 11%
Inventory 221
Median House Rent $3,500
Most Expensive $5,350,000
Least Expensive $109,000
Market Action Index
Slight Seller's Advantage
34

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
$1,195,000 4,269 2.5 - 5 acres 4 4 14 3 4 311
$795,000 3,459 0.5 - 1 acre 4 3 14 3 2 132
$539,000 2,620 0.5 - 1 acre 4 2 19 1 3 93
$377,450 2,078 0 - 4,500 sqft 3 2 19 4 9 102