3 Bedroom Cave Creek Arizona Condominium

• Experience Counts

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  Experience Counts when purchasing Real Estate. 37 Years Continuous Service.

• Jeff McDowell, Realtor

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  Serving North Scottsdale, Cave Creek, North Phoenix, Rio Verde Foothills. Luxury, Golf Course, Homes, Land, Lots, Horse Property.

• Listening Skills

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  Listening Skills are large part of the Real Estate Search

• Diverse Background

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  A Realtor with a diverse background is a huge asset to the process.

• Complete Knowledge

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  Knowledge of Home Features and how they function is very important.

• Differing Municipalities

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  Knowledge of each Municipalities Rules are necessary.

• Additionally, a Construction Background

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  As a developer, it was important to understand the clients needs.

• Applying what you know.

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  To Do it Well, You have to have Done it yourself.

• Perfection...nothing less

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  Doing it well, what you, the client expects and deserves.

• Your choice.....

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  "Why deal with the rest when you can deal with the BEST!"

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Cave Creek |Arizona |Real Estate |Home |MLS |Sales

As a part of keeping up with the real estate  market in Cave Creek Arizona Real Estate it requires comparisons and analysis.  Through the Cave Creek Arizona Real Estate MLS I can look into the past, look at the present and hopefully gain insight into the future.

We start with the Cave Creek Arizona Real Estate Home Sales that occurred during the time period of 9/1/12-6/5/13.  The Cave Creek Real Estate Market tends to have the highest turnover rates during the fall, winter and spring.

Cave Creek Arizona Real Estate Home Sales 9/12-5/13

 Cave Creek Arizona Home Sales Analysis 2012-13 Market

Looking back at Cave Creek Arizona Real Estate Home MLS Sales  from a year ago we see that there were 524 Homes Sold during that time period.  The lowest selling home in Cave Creek Arizona sold for $132,500 while the highest sales price of a home in Cave Creek Arizona sold for $3,800,000.  The Average Sales Price of Sold Homes was $395,490 while the median sales price for Homes in Cave Creek Arizona was $350,000.  The median ratio of sales price to list price was 98%.

The lowest square footage home sold in Cave Creek Arizona was 948 square feet while the largest home sold in Cave Creek Arizona was 10,159 square feet.  The average square footage of a home sold in Cave Creek Arizona was 2,559 square feet while the median square footage of homes sold in Cave Creek Arizona was 2,421 square feet.

The lowest sales price per square foot in Cave Creek was $77.05 per square foot while the highest sales price per square foot was $504.55.  The median sales price per square foot for homes in Cave Creek was $146.67 while the average sales price per square foot was $156.07.

Average Cumulative Days on the market for homes sold in Cave Creek were 87 days while the median days on the market for sold homes in Cave Creek Arizona were 49.

 Cave Creek Arizona Home Sales Analysis 2013-14 Market

Looking at the present marketing year of 2014 we see that there were 440 Homes Sold during that comparable time period.  The lowest selling home in Cave Creek Arizona sold for $150,000 while the highest sales price of a home in Cave Creek Arizona sold for $5,200,000.  The Average Sales Price of Sold Homes was $445,089 while the median sales price for Homes in Cave Creek Arizona was $390,750.  The median ratio of sales price to list price was 98%.

The lowest square footage home sold in Cave Creek Arizona  was 968 square feet while the largest home sold in Cave Creek Arizona was 10,141 square feet.  The average square footage of a home sold in Cave Creek Arizona was 2,578 square feet while the median square footage of homes sold in Cave Creek Arizona was 2,400 square feet.

The lowest sales price per square foot in Cave Creek was $82.31 per square foot while the highest sales price per square foot was $512.77.  The median sales price per square foot for homes in Cave Creek was $165.36 while the average sales price per square foot was $169.55.

Average Cumulative Days on the market for homes sold in Cave Creek were 95 days while the median days on the market for sold homes in Cave Creek Arizona were 59.

Side By Side Comparison of the Years

Cave Creek Arizona Home Sales Comparison by Year

Discussion of the Comparison of the Marketing Years

It is readily apparent that the number of home sales decreased from the marketing years 2013 vs 2014 by some 16%.  As it is impossible to single out one factor as to why it can be assumed from the median days on the market increasing by 20% indicates that the demand was less for the marketing year 2014.

However, we do note that the median sales price of homes in Cave Creek Arizona did increase by 11.64% and is reflected in the median sales price per square foot with an increase of 13.22%.

What does all of this tell us?…..that demand  for homes in Cave Creek Arizona  decreased while sales prices increased.

Want to know more about specific Cave Creek Arizona MLS Homes for sale?  Use the chart below to search for your next Cave Creek Arizona Real Estate Purchase.

Cave Creek Arizona Real Estate MLS Home Search

Cave Creek Arizona Subdivisions Homes For Sale

Discussion of Median vs. Average in Real Estate

What is the difference between median and average values? How does this affect your pricing strategy?

Let’s start by discussing the “average”, also known as the “mean”. This statistic is fairly easy to understand, as well as, to calculate. Just for purposes of this example, I want you to consider the current active properties (for sale) in your local market.

Compose a list of each active listing along with its asking price, or list price. A spreadsheet is very useful for this purpose. Next, we will calculate the sum by adding up all asking prices. Finally, we divide that sum value by the total number of listings. Voila! We just calculated the average asking price for listings in your market!

The median is also quite easy to understand and calculate. Let’s take another look at our list of active listing prices. We need to arrange this list in order from lowest price to highest. Once that is done, simply find the value that’s in the exact middle of the list. That value is our median asking price!

When our list has an even number of properties, our list will not have a single middle value, but rather we find 2 values that occupy the middle space. In this case, we simply take the average (add both numbers and divide by 2) to get the median value for the entire list.

Median values show a more accurate view of the market since they are typically less affected by large deviations in the data. For example, let’s assume that your data set includes 5 properties, as shown below along with their respective asking prices.

Property #1 … $350,000
Property #2 … $370,000
Property #3 … $310,000
Property #4 … $1,200,000
Property #5 … $335,000

The first thing you might notice is that one of these things is not like the others. Property #4 is priced much higher than the rest. This will have a significant effect on the average value, which happens to be $513,000.

To determine the median, we first sort the list in ascending order, then pick the middle value, which is $350,000. Comparing it to the average, the median value is a much more realistic interpretation of this market.

ARIZONA REAL ESTATE FOR SALE

Arizona Real Estate | Cities

Search for  Scottsdale Arizona  Real Estate For Sale, Cave Creek Arizona Homes For Sale, Carefree Arizona Homes For Sale, Rio Verde Foothills Arizona Homes For Sale, North Phoenix Arizona Homes For Sale.

Access to all MLS Listings by city.

Free  Arizona MLS Search.  Start your Real Estate Search by City NOW or Search by zip codes, 85266, 85331, 85263, 85377, 85262, 85255.

As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions. Not only am I a veteran of the real estate industry, I also live in the area  I service.

An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community. Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available.  As this area tends to be buyers from outside the area my internet presence is a huge attraction.

I regularly update my material and have additional pages that I maintain with up to date information on such platforms as  Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube  , Tumblr and many others. Also, I have other sites that are specific to Property Types.  These are:

North Scottsdale Homes For Sale By Price

North Scottsdale Arizona Subdivision Homes For Sale Search

Scottsdale Arizona Golf Course Homes For Sale

Cave Creek Arizona Real Estate MLS Home Search

Cave Creek Arizona Subdivisions Homes For Sale

Carefree Arizona |Real Estate |MLS |Realtor |Homes |Search

Carefree Arizona Subdivision |MLS |Homes |Golf Course Homes |Lots |MLS

Rio Verde Foothills Arizona Homes For Sale |Golf Course Homes |Horse Properties

North Scottsdale Arizona | Horse |Properties |Homes |Land

Commercial Real Estate For Sale

Scottsdale, Phoenix, Tempe, Chandler, Gilbert, Mesa, Fountain Hills, Scottsdale, Cave Creek, Carefree, Arizona.  Search all Commercial Real Estate For Sale.  Search Office, Office Warehouse, Warehouse, Medical, Dental, Retail, Commercial Land For Sale.

Commercial MLS Search, Click on any search link

OVER 300 ENDORSEMENTS

By Jeff McDowell