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Wednesday, November 6, 2024

Cave Creek home prices fall in January 2018

Re 7

The median sale price of a home sold in January 2018 in Cave Creek fell by $271,250 while total sales increased by 66.7%, according to BlockShopper.com.

In January 2018, there were 10 homes sold, with a median sale price of $456,250 - a 37.3% decrease over the $727,500 median sale price for the same period of the previous year. There were six homes sold in Cave Creek in January 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 January 2018.

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

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Gilbert (unincorporated)110%$600,000$585,0002.6%
Laveen (unincorporated) 220%$579,250$295,00096.4%
Scottsdale (unincorporated) 63100%$566,000$875,000-35.3%
Carefree151225%$480,000$557,500-13.9%
Rio Verde (unincorporated) 147100%$456,400$535,000-14.7%
Cave Creek10666.7%$456,250$727,500-37.3%
Peoria (unincorporated) 82300%$406,000$345,45017.5%
Scottsdale5705219.4%$399,500$392,0001.9%
Fountain Hills745827.6%$350,000$342,5002.2%
Queen Creek (unincorporated) 81700%$340,000$337,5000.7%
New River (unincorporated) 93200%$335,000$394,500-15.1%

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