First Integrity Title Market Report

Cave Creek, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Cave Creek, AZ

Wed Jun 07 2023
This week the median list price for Cave Creek, AZ is $587,250 with the market action index hovering around 32. This is less than last month's market action index of 39. Inventory has increased to 15. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Wed Jun 07 2023
This week the median list price for Cave Creek, AZ is $587,250 with the market action index hovering around 32. This is less than last month's market action index of 39. Inventory has increased to 15. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $587,250
Median Price of New Listings $745,000
Per Square Foot $328
Average Days on Market 61
Median Days on Market 63
Price Decreased 73%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 32
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
$750,000 2,271 0 - 4,500 sqft 3 3 27 1 0 63
$646,013 1,993 0 - 4,500 sqft 2 2 4 0 0 42
$578,144 1,742 - 2 2 5 0 0 63
$549,995 1,782 - 2 2 3 0 0 105