Cave Creek Luxury Homes
We love doing Live VIDEO Previews! Our Cave Creek Luxury Homes Buyer Service is FREE! Property Alerts Here 🙂
Luxury Home Links…
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 February was $940,000, up 3.0% from $912,945 in February of 2020 and down -4.5% from $984,240 last month. The average sales price in February was $1,050,556, down -16.5% from $1,258,625 in February of 2020 and down -7.5% from $1,135,234 last month. February 2021 ASP was at a mid range compared to February of 2020 and 2019. (more market report below photos)
We can currently see (50) Luxury Homes available today in Cave Creek.
Cave Creek Luxury Homes ~ Newest Listings
Cave Creek Luxury Homes ~ Monthly Market Report
(in Cave Creek) Our February property sales were 19, up from 14 in February of 2020 and 46.2% higher than the 13 sales last month. February 2021 sales were at their highest level compared to February of 2020 and 2019. February YTD sales of 32 are running 18.5% ahead of last year’s year-to-date sales of 27.
Our total inventory of Cave Creek Luxury Homes for sale available as of February was 53, up 10.4% from 48 last month and down -26.4% from 72 in February of last year. February 2021 Inventory was at the lowest level compared to February 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 February was 44, down from 54 days last month and down from 212 days in February of last year. The February 2021 DOM was at its lowest level compared with February 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 February 2021 selling price per square foot of $287 was down -5.3% from $303 last month and up 4.0% from $276 in February 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 February 2021 selling price vs list price of 106.0% was up from 100.0% last month and up from 97.7% in February 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 🙂