Pango Group

Cave Creek, AZ

Single-Family Homes

www.pangogroup.com



Cave Creek, AZ

Sun Mar 03 2024
This week the median list price for Cave Creek, AZ is $1,295,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 161. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Sun Mar 03 2024
This week the median list price for Cave Creek, AZ is $1,295,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 161. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $1,295,000
Median Price of New Listings $1,160,000
Per Square Foot $428
Average Days on Market 112
Median Days on Market 70
Price Decreased 43%
Price Increased 7%
Relisted 6%
Inventory 161
Median Rent
Market Action 33
Slight Seller's Advantage

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
$2,475,000 4,549 2.5 - 5 acres 4 5 17 4 1 63
$1,575,000 3,139 1 - 2.5 acres 4 4 19 4 3 94
$1,060,550 2,844 8,000 - 10,000 sqft 3 3 11 3 3 105
$699,000 2,057 6,500 - 8,000 sqft 3 3 24 7 5 35