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 August was $1,010,000, up 1.3% from $997,500 in August of 2019 and up 6.0% from $952,450 last month. The average sales price in August was $1,084,364, up 0.7% from $1,076,650 in August of 2019 and up 2.1% from $1,061,779 last month. August 2020 ASP was at highest level compared to August of 2019 and 2018. (more market report below photos)
We can currently see (62) Luxury Homes available today in Cave Creek. (inventory is falling)
Cave Creek Luxury Homes ~ Newest Listings
Cave Creek Luxury Homes ~ Monthly Market Report
(in Cave Creek) Our August property sales were 19, up from 6 in August of 2019 and 35.7% higher than the 14 sales last month. August 2020 sales were at their highest level compared to August of 2019 and 2018. August YTD sales of 99 are running 54.7% ahead of last year’s year-to-date sales of 64.
Our total inventory of Cave Creek Luxury Homes for sale available as of August was 69, up 19.0% from 58 last month and down -4.2% from 72 in August of last year. August 2020 Inventory was at a mid range compared to August 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 August was 102, up from 85 days last month and up from 84 days in August of last year. The August 2020 DOM was at a mid range compared with August 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 August 2020 selling price per square foot of $313 was up 12.6% from $278 last month and up 7.2% from $292 in August 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 August 2020 selling price vs list price of 98.7% was up from 95.9% last month and down from 100.0% in August 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 🙂