Lawyers Title Market Report

Cave Creek, AZ

Single-Family Homes

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Cave Creek, AZ

Mon Jun 21 2021
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has decreased to 59. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Cave Creek, AZ

Mon Jun 21 2021
This week the median list price for Cave Creek, AZ is $1,000,000 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has decreased to 59. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,000,000
Median Price of New Listings $799,475
Per Square Foot $353
Average Days on Market 150
Median Days on Market 28
Price Decreased 34%
Price Increased 7%
Relisted 3%
Inventory 59
Median Rent $4,495
Market Action 70
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 level. 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
$2,450,000 5,134 5 - 10 acres 4 4 20 1 2 73
$1,375,000 3,728 1 - 2.5 acres 4 3 11 1 3 49
$849,950 2,824 1 - 2.5 acres 4 3 25 6 9 21
$568,000 1,713 6,500 - 8,000 sqft 3 2 25 4 9 14