Cave Creek, AZ

Carefree-Cave Creek Balloon Festival

Looking for something fun to do this weekend? Check out the Carefree-Cave Creek Balloon Festival. Adventurous guests can get a bird's eye view of this third annual festival on a tethered balloon ride. Those who prefer their feet on solid ground can enjoy the glow of the illuminated hot-air balloons, beer and wine gardens, food court and KMLE Country 108-sponsored concerts. There are inflatable rides, obstacle courses and bungee-jumping activities for kids. The balloons start inflating at 6 p.m. Make sure to have your camera out at 9, when members of the Arizona Skyhawks Parachute Team perform a synchronized jump wearing glow-in-the-dark suits.

THE INFO:

4 p.m. Saturday, Jan. 21. Carefree Resort & Conference Center,

37220 N. Mule Train Road, Carefree.

$8-10 adults, $5-8 children, free age two and younger

602-418-5124

cavecreekballoonfestival.com.

Reports by the Town Manager Usama Abujarah is that the sale tax revenues are up for last quarter of 2011. The town had a 18% increase in the sales tax revenue of the same period of 2010. Part of the increase might be from the opening of the brand new Wal-Mart store at the corner of Cave Creek Rd and Carefree Hwy. The store did open Oct. 5^th, and that will have helped, but revenues were up by 28% in Cave Creeks restaurants.

During the second half of last year Cave Creek received about $2 million as compared to $1.7 million in 2010. That included a roughly 75 % increase in retail trade. The town of Cave Creek also has modest gains in the construction and Real Estate.

With $1.1 million of debt left on the Spur Cross Ranch Conversation Area, the town of Cave Creek has planned to pay it off this year by June.

So the Town of Cave Creek is looking to improve on a financial note for 2012!

Market Report Cave Creek Arizona

Cave Creek is a wonderful place to live. Easy access to Phoenix Metro, surrounded by rugged scenery and if you are into horses, there are incredible trails everywhere.

Today, there are 234 active listings. The lowest priced is a lovely condo at $99,900; the highest is the 75 acre estate with 10,156 SF for 6.4M.

Photos and Data from ARMLS & The Cromford Report

Price as a percentage of list price has been stable over the last three years for Cave Creek home sales. Sales per month last year were higher than the previous two years. Days on the market on the chart represents all active listings. DOM for sold listings only has dropped to 40 days as opposed to 175 for all active listings.

Two factors are responsible. Homes that are priced at market value sell quickly and homes in lower price ranges sell quickly. Cave Creek has 84 homes priced at 550K and above, those homes are on the market than lower priced homes.

Inventory is lower and the market is beginning to stabilize.

All Cave Creek Arizona active listings may be viewed with a click and we will be delighted to show you the home of your dreams in Cave Creek, AZ.