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 $1,042,000, up 12.3% from $927,500 in October of 2019 and down -6.5% from $1,115,000 last month. The average sales price in October was $1,180,451, up 26.8% from $931,157 in October of 2019 and down -0.2% from $1,183,096 last month. October 2020 ASP was at highest level compared to October of 2019 and 2018. (more market report below photos)
We can currently see (73) 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 16, up from 8 in October of 2019 and -33.3% lower than the 24 sales last month. October 2020 sales were at their highest level compared to October of 2019 and 2018. October YTD sales of 139 are running 87.8% ahead of last year’s year-to-date sales of 74.
Our total inventory of Cave Creek Luxury Homes for sale available as of October was 84, up 9.1% from 77 last month and up 1.2% from 83 in October of last year. October 2020 Inventory was at highest level compared to October 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 October was 76, down from 93 days last month and up from 17 days in October of last year. The October 2020 DOM was at a mid range compared with October 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 October 2020 selling price per square foot of $328 was up 16.3% from $282 last month and up 34.4% from $244 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 2020 selling price vs list price of 96.7% was up from 92.9% last month and down from 97.2% 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 🙂