First Integrity Title Market Report

Cave Creek, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Cave Creek, AZ

Thu Dec 08 2022
This week the median list price for Cave Creek, AZ is $543,716 with the market action index hovering around 44. This is less than last month's market action index of 50. Inventory has increased to 10. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cave Creek, AZ

Thu Dec 08 2022
This week the median list price for Cave Creek, AZ is $543,716 with the market action index hovering around 44. This is less than last month's market action index of 50. Inventory has increased to 10. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $543,716
Median Price of New Listings $249,900
Per Square Foot $357
Average Days on Market 103
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 44
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
$987,500 2,486 0 - 4,500 sqft 2 2 20 0 0 259
$644,949 1,670 - 2 2 6 0 1 10
$542,433 1,420 - 2 2 1 0 1 28
$350,000 1,056 - 2 2 23 1 0 77