Tatum Ranch Cave Creek Shows 20% Gain in Property Sales

Through August, the Tatum Ranch development in Cave Creek AZ recorded 145 house sales year to date as the average sales price of $344,069 saw a gain of 5.8% over the average price of $325,368 from the same time period in 2014. Compared to the same time period during 2014, which posted 121 houses sold, Tatum Ranch experienced a 19.8% advance in overall amount of sold residential listings, a year-over-year rise 24 closed sales. Reporting 72 home sales year to date, the 300,000-399,999 price category reported one of the highest numbers of closed transactions.

Listed Home Prices Record 8% Rise. Tatum Ranch had a total of 245 active listings during 2015 through August 31. With 116 residences for sale the 300,000-399,999 price category posted one of the highest numbers of properties listed. When compared to the same time period one year ago, which showed 228 for sale properties, Tatum Ranch showed a 7.5% rise in the overall inventory of active residential listings, a year-over-year increase of 17 residential homes. The area's average active list price year to date of $363,305 gained 7.7% above the average listed price of $337,486 from this time range in 2014. Listings appear to be taking more time to sell this year on average. When compared to this time range during 2014, the average days on market for active properties for sale in Tatum Ranch was 72 days, a gain of 14.3%.

Market statistics supplied by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most current Tatum Ranch real estate market info or to obtain a free no obligation evaluation of your current home, please call Cave Creek real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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