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 December was $1,070,000, down -17.0% from $1,289,000 in December of 2019 and up 13.8% from $940,000 last month. The average sales price in December was $1,094,657, down -23.9% from $1,439,300 in December of 2019 and up 3.0% from $1,063,008 last month. December 2020 ASP was at a mid range compared to December of 2019 and 2018. (more market report below photos)
We can currently see (66) Luxury Homes available today in Cave Creek.
Cave Creek Luxury Homes ~ Newest Listings
Cave Creek Luxury Homes ~ Monthly Market Report
(in Cave Creek) Our December property sales were 29, up from 5 in December of 2019 and 31.8% higher than the 22 sales last month. December 2020 sales were at their highest level compared to December of 2019 and 2018. December YTD sales of 190 are running 111.1% ahead of last year’s year-to-date sales of 90.
Our total inventory of Cave Creek Luxury Homes for sale available as of December was 59, down -3.3% from 61 last month and down -24.4% from 78 in December of last year. December 2020 Inventory was at the lowest level compared to December of 2019 and 2018.
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 December was 85, up from 37 days last month and down from 113 days in December of last year. The December 2020 DOM was at its lowest level compared with December of 2019 and 2018.
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 December 2020 selling price per square foot of $276 was down -13.2% from $318 last month and down -24.8% from $367 in December 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 December 2020 selling price vs list price of 92.9% was down from 97.6% last month and down from 95.5% in December 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 🙂