Ever since the housing market correction began in May 2022, we’ve been keeping a close eye on inventory across all Greater Phoenix cities. Today, we look at some data in regards so single family homes for sale in Cave Creek. Excluding townhomes, condominiums, and manufactured homes, as of October 21st, 2022, there were 168 active single family homes for sale in Cave Creek. These homes ranged in price from $464,900 to $4,995,000.
There were 4 Cave Creek homes listed for sale under ‘Coming Soon’ status on the Multiple Listing Service. These 4 resale properties ranged in price from $750,000 to $1.3 million.
Made up of 17 cities, Greater Phoenix’s real estate market data is collected by MULTIPLE companies. According to CromfordReport.com, over the past several months, Cave Creek has been one of the strongest cities in Greater Phoenix. With a CMI of 114.5, on October 13th, Cave Creek is the 4th strongest performing market in all of Greater Phoenix (behind Paradise Valley, Fountain Hills, and Scottsdale). In comparison, as of Oct. 21st, the worst performing market in Greater Phoenix had a CMI of 51.4 (Buckeye).