First Integrity Title Market Report

Cave Creek, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Cave Creek, AZ

Thu Feb 25 2021
This week the median list price for Cave Creek, AZ is $1,199,000 with the market action index hovering around 55. This is an increase over last month's market action index of 51. Inventory has held steady at or around 53. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Cave Creek, AZ

Thu Feb 25 2021
This week the median list price for Cave Creek, AZ is $1,199,000 with the market action index hovering around 55. This is an increase over last month's market action index of 51. Inventory has held steady at or around 53. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,199,000
Per Square Foot $326
Days on Market 42
Price Decreased 23%
Price Increased 9%
Relisted 2%
Inventory 53
Median Rent $5,000
Most Expensive $3,995,000
Least Expensive $269,900
Market Action 55
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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
$2,285,000 4,971 2.5 - 5 acres 4 4 14 1 1 105
$1,375,000 3,502 2.5 - 5 acres 4 4 13 0 1 154
$899,900 3,079 1 - 2.5 acres 4 3 18 2 4 35
$565,700 2,337 6,500 - 8,000 sqft 3 2 22 4 5 24