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! 🙂
Prices / SqFt
(Cave Creek Luxury)
The April 2020 selling price per square foot of $262 was up 0.8% from $260 last month and down -3.0% from $270 in April of last year.
We can currently see (79) Luxury Homes available today in Cave Creek.
Cave Creek Luxury Homes ~ Newest Listings
Cave Creek Luxury Homes ~ Monthly Market Report
(in Cave Creek) Our April property sales were 11, up from 10 in April of 2019 and -15.4% lower than the 13 sales last month. April 2020 sales were at their highest level compared to April of 2019 and 2018. April YTD sales of 51 are running 88.9% ahead of last year’s year-to-date sales of 27.
(in Cave Creek) Our median sales price in April was $869,000, down -8.8% from $952,427 in April of 2019 and down -2.4% from $890,000 last month. The average sales price in April was $1,012,855, up 0.1% from $1,011,485 in April of 2019 and up 4.9% from $965,882 last month. April 2020 ASP was at a mid range compared to April of 2019 and 2018.
Our total inventory of Cave Creek Luxury Homes for sale available as of April was 70, down -6.7% from 75 last month and down -16.7% from 84 in April of last year. April 2020 Inventory was at the lowest level compared to April of 2019 and 2018.
Our 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 April was 69, down from 86 days last month and down from 88 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.
Selling Price per Square Foot
Our 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 April 2020 selling price per square foot of $262 was up 0.8% from $260 last month and down -3.0% from $270 in April of last year.
Selling Price vs Listing Price
Our 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 April 2020 selling price vs list price of 95.7% was down from 96.3% last month and up from 92.5% in April 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 🙂