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PHX Reporter

Friday, November 1, 2024

Cave Creek (unincorporated) home prices fall in May 2018

Re 1

The median sale price of a home sold in May 2018 in Cave Creek (unincorporated) fell by $70,950 while total sales decreased by 50%, according to BlockShopper.com.

In May 2018, there were six homes sold, with a median sale price of $479,500 - a 12.9% decrease over the $550,450 median sale price for the same period of the previous year. There were 12 homes sold in Cave Creek (unincorporated) in May 2017.

The median sales tax in Cave Creek (unincorporated) for the most recent year with available data, 2017, was $1,850, approximately 0.4% of the median home sale price for May 2018.

The following table compares Cave Creek (unincorporated) to other Maricopa County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Uninc-85249/Chandler South Central110%$900,000$160,000462.5%
Peoria (unincorporated) 45-20%$683,180$530,00028.9%
Carefree171513.3%$590,000$772,000-23.6%
Scottsdale (unincorporated) 440%$580,925$515,00012.8%
Laveen (unincorporated) 24-50%$485,750$255,50090.1%
Cave Creek (unincorporated) 612-50%$479,500$550,450-12.9%
Cave Creek151225%$475,000$522,000-9%
Rio Verde (unincorporated) 13862.5%$441,800$367,50020.2%
Queen Creek (unincorporated) 7616.7%$439,000$325,50034.9%
Scottsdale706766-7.8%$420,000$408,0002.9%
Surprise (unincorporated) 13-66.7%$415,000$191,000117.3%

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