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PHX Reporter

Friday, November 1, 2024

Cave Creek (unincorporated) home prices rise in February 2018

Realestate2

The median sale price of a home sold in February 2018 in Cave Creek (unincorporated) rose by $74,000 while total sales decreased by 63.6%, according to BlockShopper.com.

In February 2018, there were four homes sold, with a median sale price of $564,000 - a 15.1% increase over the $490,000 median sale price for the same period of the previous year. There were 11 homes sold in Cave Creek (unincorporated) in February 2017.

The median sales tax in Cave Creek (unincorporated) for the most recent year with available data, 2017, was $1,850, approximately 0.3% of the median home sale price for February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Paradise Valley262123.8%$1,670,000$1,325,00026%
Paradise Valley (unincorporated) 20-$1,466,250$0-
Carefree715-53.3%$750,000$320,000134.4%
Gilbert (unincorporated)21100%$583,750$374,90055.7%
Cave Creek (unincorporated) 411-63.6%$564,000$490,00015.1%
Uninc-85262/Tonto National Forest62200%$554,500$496,68011.6%
New River (unincorporated) 210-80%$532,500$300,00077.5%
Cave Creek73133.3%$520,000$539,900-3.7%
Scottsdale (unincorporated) 12933.3%$500,000$470,0006.4%
Rio Verde (unincorporated) 68-25%$475,000$415,00014.5%
Scottsdale59151514.8%$420,000$379,00010.8%

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