Real Estate Market Update for 85331 (Cave Creek, AZ)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 37% from one year earlier and up 11% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 340-thousand dollars. The number of units sold Decreased 40% year-over-year and Decreased 43% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales 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.
Map Information for 85331 (Cave Creek, AZ)
Area Information for 85331 (Cave Creek, AZ)
  • Community Character: Significant Percentage of Family Households, Moderate Residential Turnover, Large Area(s) of Government Designated Parkland
  • Population: 27,358
  • Median Age: 32.06 yr
  • Median Commute Time: 30.97 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 101
  • Sales Tax: .3%
  • Population Density: 328/sq mi
  • Population Change Since 2000: 21%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Southwestern College
  • Closest Jr. College: Paradise Valley Comm Coll
  • Median Household Income: $102,551
  • Annual Residential Turnover: 21.78%
  • Median Years in Residence: 2.48 yr
  • Median Home Sales Price: $285,000
  • Closest Major Sports Team: Arizona Giants (r)
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 85331 (Cave Creek, AZ)
Median Age: 32.06 Married: 54% Number of Households: 11,383 Households with Children: 3,713
Community:
    • 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 GreatSchools Rating Parent Rating
      Ventana Academic School 7.7 mi Public K-6 0 0
      Desert Arroyo Middle School 8.5 mi Public 6-8 0 0
      Quality Interactive Montessori 8.7 mi Private PRESCHOOL-1 0 5
      Desert Willow Elementary School 8.7 mi Public K-6 4-5 4
      Cactus Shadows High School 8.8 mi Public 9-12 4-5 3
      Lone Mountain Elementary School 9.8 mi Public K-6 4-5 4
      Tatum Ranch Montessori 10.6 mi Private PRESCHOOL-K 0 0
      Dynamite Montessori 10.8 mi Private PRESCHOOL-5 0 0
      Horseshoe Trails Elementary School 11.5 mi Public K-6 4-5 4
      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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 85331 (Cave Creek, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.