Carefree and Cave Creek, AZ – Real Estate Market Data – December 2012
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December Property sales were 63, down 14.9% from 74 in December of 2011 and 27.6% lower than the 87 sales last month. December 2012 sales were at a mid level compared to December of 2011 and 2010. December YTD sales of 927 are running 9.2% ahead of last year’s year-to-date sales of 849.
The Median Sales Price in December was $303,162, down 1.4% from $307,500 in December of 2011 and down 14.6% from $355,000 last month. The Average Sales Price in December was $418,697, up 13.3% from $369,665 in December of 2011 and down 3.4% from $433,584 last month. December 2012 ASP was at the highest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 355, up 0.9% from 352 last month and down 12.1% from 404 in December of last year. December 2012 Inventory was at its lowest level compared with December of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2012 MSI of 5.6 months was at a mid level compared with December of 2011 and 2010.
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 December was 67, down 23.0% from 87 days last month and down 22.1% from 86 days in December of last year. The December 2012 DOM was at its lowest level compared with December of 2011 and 2010.
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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.