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Cave Creek Home and Commercial Appraisals

Cave Creek Appraisals

Sun Point Appraisals, Inc.® completes home and commercial appraisals throughout the city of Cave Creek, AZ. The main office of Sun Point Appraisals, Inc. is in North Scottsdale just outside of Cave Creek. We have been performing Home Appraisals in Cave Creek, AZ for the over 18 years. ORDER HERE NOW

Cave Creek Arizona has a variety of luxury custom high end homes, horse properties, condominium housing and single family residences. In addition to residential real estate Cave Creek has several unique shopping centers and small office complexes throughout. Cave Creek is a town in Maricopa County. According to 2006 Census Bureau estimates, the population of the town was 4,951.

There is a vibrant rustic somewhat touristy Cowboy downtown which revs up with the Winter visitors. Stop into one of the oldest Dairy Queen locations, which is also one of the busiest in the state. Sun Point has been appraising Cave Creek since 1999.

Geography

Cave Creek is a small town located in the Sonoran Desert of Arizona, with an elevation that is 2129 feet above sea level. Many great outdoor activities like hiking, biking or art hunting can be had in this town. Beautiful golf courses, world-renowned dining and shopping opportunities are in the plenty. The town of Cave Creek becomes busy on the weekends, especially in the Winter months.

According to data compiled by the United States Census Bureau, the town of Cave Creek has a total area of 28.2 square miles.it is all land. It is next to the town of Carefree, Arizona. In 2000, Maricopa County, and the town of Cave Creek bought Spur Cross Ranch, a 2,154-acre tract of Sonoran desert just North of Phoenix, for $21 million. It had unusual cacti, stone formations, and hundreds of Hopi Indian tribal artifacts, and is now a Maricopa County park.

Demographics

As of the census of 2000, there were 3,728 people, 1,571 households, and 1,101 families residing in the town. The population density was 132.0 people per square mile. The racial makeup of Cave Creek was 94.98% White, 0.30% Black or African American, 0.19% Native American, 0.43% Asian, 0.05% Pacific Islander, 2.60% from other races, and 1.45% from two or more races.

There were 1,571 households out of which 27.1% had children under the age of 18 living in the home, 59.0% are married couples living together, 7.4% had a female householder with no husband present, and 29.9% were non-families. 24.3% of all households were made up of individuals and 6.2% had someone living alone who was 65 years of age or older. The average household size was 2.37 and the average family size was 2.80.

In the town the population was spread out with 20.9% under the age of 18, 5.5% from 18 to 24, 24.2% from 25 to 44, 36.1% from 45 to 64, and 13.3% who were 65 years of age or older. The median age was 45 years. For every 100 females there were 100.1 males. For every 100 females age 18 and over, there were 97.5 males.

The median income for a household in the town was $59,938, and the median income for a family was $76,549. Males had a median income of $50,399 versus $31,607 for females. The per capita income for the town was $38,070. About 6.0% of families and 7.7% of the population were below the poverty line, including 12.9% of those under age 18 and 7.3% of those age 65 or over.

Real Estate

For more information on Cave Creek real estate and for an appraisal please contact our office. (480) 595-0188

Market Trend as of 05/31/2018

Statistical Market Analysis

Status# ListingsList VolumeSold VolumeList PriceSold PriceSale/List PriceApprox SQFTList Price Per Approx SQFTSold Price Per Approx SQFTAgent Days on MarketCumulative Days on Market
Active261208,970,0260Low
Avg
Med
High
199,000
800,651
648,000
5,600,000
0
0
0
0
0.00
0.00
0.00
0.00
600
3,215
3,108
10,159
89.95
257.33
216.49
1,959.69
0.00
0.00
0.00
0.00
0
135
83
1,596
0
151
91
1,596
CCBS (Contract Contingent on Buyer Sale)115,741,1900Low
Avg
Med
High
334,900
521,926
415,900
1,099,000
0
0
0
0
0.00
0.00
0.00
0.00
1,782
2,530
2,034
4,488
168.56
202.97
203.37
244.88
0.00
0.00
0.00
0.00
21
114
71
442
21
114
71
442
UCB (Under Contract-Backups)5130,064,2990Low
Avg
Med
High
264,900
589,496
480,000
1,500,000
0
0
0
0
0.00
0.00
0.00
0.00
1,383
2,809
2,470
5,431
118.98
208.26
202.89
399.68
0.00
0.00
0.00
0.00
6
102
67
529
5
110
80
529
Pending5530,641,6470Low
Avg
Med
High
223,000
557,121
499,000
1,500,000
0
0
0
0
0.00
0.00
0.00
0.00
1,024
2,722
2,539
5,072
135.24
203.81
197.23
372.67
0.00
0.00
0.00
0.00
0
85
53
591
0
112
63
710
Closed924464,283,401450,772,774Low
Avg
Med
High
89,000
502,471
449,000
2,297,000
82,000
487,849
440,000
2,000,000
0.24
0.98
0.98
1.09
650
2,515
2,390
7,432
102.92
199.83
193.97
625.00
59.32
194.57
190.15
592.11
0
92
65
564
-1
100
66
912
Overall1,302739,700,563450,772,774Low
Avg
Med
High
89,000
568,126
479,450
5,600,000
82,000
487,849
440,000
2,000,000
0.24
0.98
0.98
1.09
600
2,675
2,486
10,159
89.95
211.88
197.14
1,959.69
59.32
194.57
190.15
592.11
0
101
66
1,596
-1
111
70
1,596

Selection Criteria for Comparable Properties

Specified listings from the following search: Property type Residential; Status of 'Active', 'Closed', 'Pending','CCBS (Contract Contingent on Buyer Sale)','UCB (Under Contract-Backups)'; Zip Code like 85331; Close of Escrow Date between '05/1/2017' and '05/31/2028'.

Fannie Mae 1004MC Statistics

Inventory AnalysisPrior 7-12 Months
5/31/2017 - 11/30/2017
Prior 4-6 Months
12/1/2017 - 3/2/2018
Current - 3 Months
3/3/2018 - 5/31/2018
Total # of Comparable Sales (Settled)432170245
Absorption Rate (Total Sales/Months)72.0056.6781.67
Total # of Active Listings195 (Active on 11/30/2017)235 (Active on 3/2/2018)322 (Active on 5/31/2018)
Months of Housing Supply (Total Listings / Ab. Rate)2.714.153.94
Median Sale & list Price, Dom, Sale/List %Prior 7-12 MonthsPrior 4-6 MonthsCurrent - 3 Months
Median Comparable Sale Price437,500424,655460,000
Median Comparable Sales DOM696464
Median Comparable List Price539,900625,000621,950
Median Comparable Listings DOM19714690
Median Sale Price as % of List Price98.00 %98.00 %98.00 %
Prepared by Angie JohnsonAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
DND2 ( D o N ot D isplay or D isclose) - the data in fields marked with DND2 is confidential, for agent use only, and may not be shared with customers or clients in any manner whatsoever.
05/31/2018 2:49 PM© 2018 ARMLS and FBS.
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