Real Estate Market Update for 85331 (Cave Creek, AZ)

Video: Real Estate Community Tour for 85331 (Cave Creek, AZ)

See Real estate community tour for 85331 (Cave Creek, AZ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 1% compared to one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 560-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 7%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 370-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 12% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 85331 (Cave Creek, AZ)
Area Information for 85331 (Cave Creek, AZ)
  • Population: 29,122
  • Median Age: 46.6 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 259/sq mi
  • Population Change Since 2000: 38.42%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Keller Graduate School Of Management
  • Closest Jr. College: Paradise Valley Community College
  • Median Household Income: $90,935
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $417,000
  • Closest Major Sports Team: Arizona Giants (r)
  • Change Avg. Household Income Since 2000: 22.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85331 (Cave Creek, AZ)
Median Age: 46.6 Married: 54% Number of Households: 11,347 Households with Children: 3,576
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85331 (Cave Creek, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      Ventana Academic School 7.7 mi Public K-6 3 0
      Annunciation Catholic School 8.4 mi Catholic K-8 0 0
      Quality Interactive Montessori 8.7 mi Private PRESCHOOL-1 0 0
      Desert Willow Elementary School 8.7 mi Public K-6 4 0
      Lone Mountain Elementary School 9.7 mi Public K-6 4 0
      Tatum Ranch Montessori 10.6 mi Private PRESCHOOL-K 0 0
      Dynamite Montessori 10.8 mi Private PRESCHOOL-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 85331 (Cave Creek, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.