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Grand Canyon Times

Tuesday, November 5, 2024

Cave Creek home prices fall in April 2018

Re 13

The median sale price of a home sold in April 2018 in Cave Creek fell by $87,500 while total sales decreased by 8.3%, according to BlockShopper.com.

In April 2018, there were 11 homes sold, with a median sale price of $460,000 - a 16% decrease over the $547,500 median sale price for the same period of the previous year. There were 12 homes sold in Cave Creek in April 2017.

The median sales tax in Cave Creek for the most recent year with available data, 2017, was $2,175, approximately 0.5% of the median home sale price for April 2018.

The following table compares Cave Creek to other Maricopa County cities with similar median sales prices in April 2018:

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Scottsdale (unincorporated) 49-55.6%$638,200$485,00031.6%
Uninc-85262/Tonto National Forest35-40%$607,000$75,000709.3%
Cave Creek (unincorporated) 14955.6%$558,500$558,900-0.1%
Rio Verde (unincorporated) 12120%$548,125$425,00029%
Glendale (unincorporated) 15-80%$460,000$184,900148.8%
Cave Creek1112-8.3%$460,000$547,500-16%
Scottsdale7306679.4%$447,500$390,00014.7%
Laveen (unincorporated) 41300%$442,500$427,5003.5%
Peoria (unincorporated) 660%$432,500$473,500-8.7%
Queen Creek (unincorporated) 8560%$426,500$399,0006.9%
New River (unincorporated) 1014-28.6%$425,000$295,00044.1%

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