The First American Title Market Report

Cave Creek, AZ

Single-Family Homes

Arizona Direct Operations



Cave Creek, AZ

Tue Oct 15 2019
This week the median list price for Cave Creek, AZ is $690,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 209. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cave Creek, AZ

Tue Oct 15 2019
This week the median list price for Cave Creek, AZ is $690,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 209. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $690,000
Per Square Foot $235
Days on Market 139
Price Decreased 40%
Price Increased 4%
Relisted 2%
Inventory 209
Median House Rent $3,500
Most Expensive $4,000,000
Least Expensive $310,000
Market Action Index
Slight Seller's Advantage
37

The market appears to be 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
$1,397,000 4,264 2.5 - 5 acres 4 4 12 2 2 246
$799,900 3,424 1 - 2.5 acres 4 3 15 3 5 174
$617,500 2,780 0.5 - 1 acre 4 2 19 10 5 81
$445,000 2,074 8,000 - 10,000 sqft 3 2 21 5 13 54