Town of Cave Creek AZ Sees 18% Gain in Property Sales

Through the month of October 2015, Cave Creek has seen 659 properties sold year to date. The average closed sales price of $436,119 saw a reduction of 2.4% from the average price of $446,682 from this reporting period a year ago. Compared to this time range one year ago, which recorded 561 sold properties, Cave Creek experienced a 17.5% advance in overall volume of sold listings, a year-to-year rise 98 sales. The 300,000-399,999 price category showed one of the highest numbers of homes sales this year with 230 closed transactions.

Houses For Sale Report 7% Gain. Cave Creek posted 1,363 actively listed properties in 2015 through the month of October. Reporting 337 houses for sale the 300,000-399,999 price range recorded one of the largest numbers of properties listed. The total number of active listings in Cave Creek saw a 7.1% gain compared to the same reporting period one year ago, which saw 1,273 for sale homes, a year-over-year gain of 90. The area's average year-to-date active listed price recorded a net advance of 1.9% from the same time range a year ago, advancing to $573,033. The cumulative days on market for active residential listings in Cave Creek was 97 days through October, which is a .0% change in comparison to this period one year ago. Listed for sale homes are staying on the market the same amount of time.

Sam Lawmaster is a Cave Creek real estate agent and market specialist. Info courtesy of ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent local real estate information or to request a free evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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