Rancho Manana Cave Creek AZ Residences Sold See 180% Upturn

Through the month of August 2015, the Rancho Manana neighborhood in Cave Creek, Arizona recorded a total of 14 residential property sales year to date. The average sales price of $644,779 recorded a rise of 21.0% from the same period a year ago. In comparison to the same reporting period a year ago, which showed 5 houses sold, Rancho Manana experienced a 180% gain in total volume of sold residential listings, a year-over-year net gain 9 completed sales. The 550,000-749,999 price range reported one of the highest numbers of closed sales this year with 6 completed transactions.

House Listings Post 35% Gain. Rancho Manana reported 27 active properties for sale so far in 2015 through August 31. Reporting 13 houses for sale, the 550,000-749,999 price range posted one of the highest numbers of units. In comparison to the same reporting period during 2014, which showed 20 for sale properties, Rancho Manana reported a 35% advance in the total amount of active listings, a net rise of 7. The area's year-to-date average active list price showed a decline of 16.9% compared to the same time period last year, decreasing to $811,833. Listed properties are taking less time to sell this year on average. Compared to the same time period one year ago, the cumulative days on market (CDOM) for actively listed homes for sale in Rancho Manana was 188 days, a reduction of 24.5%.

Statistics provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent Rancho Manana real estate market info or to request a free evaluation of your current property, please call Cave Creek real estate agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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