Market Report Cave Creek Arizona

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.