First Integrity Title Market Report
Carefree, AZ
Condos/Townhomes
www.FirstIntegrityTitle.com | 888-636-0372
Carefree, AZ
Fri Jul 26 2024
This week the median list price for Carefree, AZ is $849,500 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 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $849,500 | |
| Median Price of New Listings | $315,000 | |
| Per Square Foot | $398 | |
| Average Days on Market | 97 | |
| Median Days on Market | 60 | |
| Price Decreased | 36% | |
| Price Increased | 7% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $910,000 | 1,847 | 0 - 4,500 sqft | 3 | 4 | 0 | 0 | 1 | 49 |
| $870,000 | 1,847 | 0 - 4,500 sqft | 2 | 2.5 | 0 | 0 | 0 | 63 |
| $837,000 | 2,297 | 4,500 - 6,500 sqft | 2 | 3 | 19 | 0 | 1 | 63 |
| $436,950 | 1,338 | 0 - 4,500 sqft | 2 | 2 | 46 | 1 | 0 | 80 |