Welcome back to LUXE BLOG. Back in early October, we posted this Cave Creek and Carefree real estate update. Today, we’re here to provide the latest data as of December 2023. All in a simple-to-consume format. Nothing fancy, just good data. Enjoy.
Here’s what’s happening right now:
These figures highlight a market where property values are appreciating steadily despite fewer homes being sold. And OUTPACING many other areas in ‘The Valley’.
Cave Creek and Carefree homeowners are experiencing SUBSTANTIAL GAINS in their property values. A positive sign for the local real estate market.
Homes are moving faster:
This indicates a market where, despite less OVERALL ACTIVITY, the demand for available homes remains high.
A key indicator of market balance:
We would like to point out that December is typically the SLOWEST MONTH for Arizona real estate. That’s important.
What’s next for Cave Creek and Carefree?
As mortgage applications rise, we anticipate a BUSY START to the new year, with closings peaking in the summer months.
Different segments, different stories:
These figures demonstrate how MARKET CONDITIONS vary depending on the price range.
As we close the year, Arizona’s real estate market continues evolving. Understanding these changes is critical to making good decisions. WLH is here to guide you whether you’re considering buying or selling in these areas. For now, you can browse Cave Creek homes for sale here.
Stay tuned for more updates on the real estate market in Greater Phoenix. Reach out to us anytime for PERSONALIZED advice.