Cave Creek Properties Sold See 19% Uptick

As of August, Cave Creek has seen a total of 537 houses sold year to date. The average closed sales price of $434,255 was a decrease of 3.8% below the average price of $451,396 from this time range one year ago. The total amount of sold listings in Cave Creek posted an 18.8% gain compared to the same time period in 2014, which showed 452 properties sold, a net advance of 85 completed transactions. At 193 home sales year to date, the 300,000-399,999 price range had one of the greatest numbers of completed transactions.

Listings Record 7% Rise. Cave Creek showed 1,146 active properties for sale so far in 2015 through August 31. With 292 homes for sale the 300,000-399,999 price bracket saw one of the highest numbers of properties. The overall active listings inventory in Cave Creek posted a 6.9% rise compared to the same time period during 2014, which showed 1,072 for sale homes, a year-to-year gain of 74 homes. The year-to-date average active list price of $574,046 showed a gain of 0.9% over the average price of $569,002 from this time range last year. The cumulative days on market (CDOM) for active listings in Cave Creek was 100 days through the month of August. This is a 3.1% gain from the average compared to the same period a year ago. Listed houses for sale are taking more time to sell this year on average.

Sam Lawmaster is a Cave Creek real estate listing specialist. Market statistics courtesy of ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent local real estate market info or to obtain a complimentary evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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