| HomeSmart International | Glen and Peggy Roberts HomeSmart International Cave Creek, AZ 480-947-2106 GlenandPeggy@agents.househunt.com | ![]() |
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Winter 2012 Market Update
Now is an exceptional time to consider investing in Cave Creek real estate before prices and interest rates begin ticking up. Whether you are in the market for a Cave Creek horse property or a comfy winter getaway, we welcome the opportunity to help you make Cave Creek, Arizona, YOUR home town!
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Cave Creek is | Increasing |
| Seller Activity for the past 90 days in Cave Creek is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Multiple offers on Cave Creek homes for sale are most common in the undervalued bank-owned/foreclosure and short sale market, where banks price to seek bidding wars. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 40-45% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | If you are interested in looking at beautiful Cave Creek homes for sale with us, we encourage our buyers to get prequalified with a reputable lender. This puts you in a stronger position for getting the best value and having the seller see you in the most favorable light. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Cave Creek offers a great inventory of very nice homes and horse properties in a wide range of prices. A modest, newer single family home on a small lot may be purchased for under $200,000; a luxury Cave Creek horse property may be found from $800,000 to $2 million. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Cave Creek is a popular and totally unique community surrounded by beautiful desert mountain terrain, has a lively arts community and is highly desirable for horse properties. There has never been a better time to buy Cave Creek real estate! |
| Nearest Metro Area | Phoenix |
| Housing Hot Spots | School House Road, Spur Cross Road, Cave Creek Road, Carefree Highway, Rancho Manana, Tatum Ranch, Tatum Highlands |
| Average Sold Price | $300,000 - View Graph Trend |
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Glen and Peggy Roberts
HomeSmart International
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