Carefree and Cave Creek, AZ – Real Estate Market Data – November 2012

Carefree and Cave Creek, AZ  Real Estate Market Data – November 2012

Click here for full report – Carefree Cave Creek Market Data

To search for real estate in Carefree, go to www.AZmoves.com – Carefree

To search for real estate in Cave Creek, go to www.AZmoves.com – Cave Creek

Average Sales Price

Property Sales

November Property sales were 89, up 78.0% from 50 in November of 2011 and 56.1% higher than the 57 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 866 are running 11.7% ahead of last year’s year-to-date sales of 775.

Prices

The Median Sales Price in November was $357,500, up 25.2% from $285,575 in November of 2011 and up 13.5% from $315,000 last month. The Average Sales Price in November was $438,447, up 25.4% from $349,522 in November of 2011 and up 16.7% from $375,681 last month. November 2012 ASP was at the highest level compared to November of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties available for sale as of November was 358, up 6.2% from 337 last month and down 14.1% from 417 in November of last year. November 2012 Inventory was at its lowest level compared with November of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2012 MSI of 4.0 months was at its lowest level compared with November of 2011 and 2010.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 87, up 64.2% from 53 days last month and up 10.1% from 79 days in November of last year. The November 2012 DOM was at a mid level compared with November of 2011 and 2010.

To search for real estate throughout Arizona, go to www.AZmoves.com

Closed Sales

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Months Supply of Inventory

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Days on Market

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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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About azrelocation

Coldwell Banker Residential Brokerage provides comprehensive real estate and relocation services for Greater Phoenix, Greater Tucson, Prescott and Lake Havasu City. Our AZrelocation Blog will provide you with extensive market data -- both on the metro and city levels -- along with relocation trends, area highlights and other valuable information.
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