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Home > Cave Creek Real Estate Market
Winter 2020 Market Update
If you can qualify, now is an exceptional time to buy a home in Cave Creek. Low rates coupled with low home prices makes a home purchase a great value! Call now for more information at 480-201-9798
Average Sold Home Price: $675,000

Average Time on Market: 90-120 days

Best Selling Price Range: $350,000 - $399,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Increasing

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? No

Multiple Offers Commentary: It is not uncommon to find yourself in a bidding war on more desirable properties in the Cave Creek/Carefree areas.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Good Supply

Housing Inventory Comments: Pricing is continuing to rise even though demand has been slowing falling. It’s a great time for buyers because there are more homes on the market to choose from now than in the year past. Cave Creek & Carefree’s old west character and charm coupled with great schools, resorts, spas, world renowned golf courses and the relaxing atmosphere will always make the areas desirable to live in.

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Phoenix

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Mortgage Rates for Feb 16th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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HouseHunt, Inc.
Specializing in Cave Creek Real Estate
19671 Beach Blvd. Suite 206
Huntington Beach, California 92648
1-888-832-2244
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(Because current market conditions can change rapidly in any given marketplace,
please check with Top Agent for current Cave Creek, AZ market conditions before acting on this information.)
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