Cave Creek Luxury Homes
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Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to Cave Creek Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Luxury Homes! 🙂
(Cave Creek Luxury)
Our Median Sales Price in October was $1,110,750, up 6.6% from $1,042,000 in October of 2020 and up 1.0% from $1,100,000 last month. The average sales price in October was $1,190,820, up 0.9% from $1,180,451 in October of 2020 and down -2.5% from $1,221,469 last month. October 2021 ASP was at highest level compared to October of 2020 and 2019. (more market report below photos)
We can currently see (47) Luxury Homes available today in Cave Creek.
Cave Creek Luxury Homes ~ Newest Listings
Cave Creek Luxury Homes ~ Monthly Market Report
(in Cave Creek) Our October property sales were 22, up from 16 in October of 2020 and -8.3% lower than the 24 sales last month. October 2021 sales were at their highest level compared to October of 2020 and 2019. October YTD sales of 282 are running 102.9% ahead of last year’s year-to-date sales of 139.
Our total inventory of Cave Creek Luxury Homes for sale available as of October was 50, equal to 50 last month and down -33.3% from 75 in October of last year. October 2021 Inventory was at the lowest level compared to October of 2020 and 2019.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for October was 24, down from 35 days last month and down from 76 days in October of last year. The October 2021 DOM was at a mid range compared with October of 2020 and 2019.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The October 2021 selling price per square foot of $353 was down -1.4% from $358 last month and up 7.6% from $328 in October of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The October 2021 selling price vs list price of 101.7% was down from 102.2% last month and up from 96.7% in October of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂