Cave Creek Market Conditions, May 2008

Cave Creek single family homes, condos and townhouses sales reports for May 2008.

Single Family Homes Sales Report

Average May
2007
Apr
2008
May
2008
Monthly Change in %
Annual Change in %
Asking Price $699,083 $553,882 $487,176
-12.04%
-30.31%
Sales Price $626,486 $476,069 $423,116
-11.12%
-32.46%
% of Asking Price 89.62% 85.95% 86.85%
1.05%
-3.08%
$/SQFT $245.01 $204.47 $176.22
-13.82%
-28.08%
Days on Market 168 200 170
-15.00%
1.19%
Total Transactions 36 31 25
-19.35%
-30.56%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.