The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Wed Jul 17 2019
This week the median list price for Cave Creek, AZ is $647,110 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 236. 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 Jul 17 2019
This week the median list price for Cave Creek, AZ is $647,110 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 236. 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 $647,110
Per Square Foot $220
Days on Market 135
Price Decreased 44%
Price Increased 5%
Relisted 6%
Inventory 236
Median House Rent $1,750
Most Expensive $5,050,000
Least Expensive $278,000
Market Action Index
Slight Seller's Advantage
36

The market is 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
$1,275,000 4,162 2.5 - 5 acres 4 4 14 3 2 285
$725,000 3,278 1 - 2.5 acres 4 3 17 1 3 111
$568,000 2,667 0.25 - 0.5 acre 4 2 21 4 2 82
$393,000 2,144 4,500 - 6,500 sqft 3 2 22 4 5 61