Cave Creek is described by many as "the jewel of the desert." Also known as North Phoenix, this area is one of the fastest-growing communities in Arizona. Though almost half of the 28 square miles of Cave Creek is still pristine as a Sonoran Desert, an influx of new business into the area from Phoenix has increased the employment base and spurred the creation of a number of new residential developments. Of these, the town of Cave Creek has the best residential homes the area has to offer. This growing community is less than 30 minutes from the heart of Phoenix and some of the best shopping, entertainment and recreational facilities in the state.(more)

Cave Creek Real Estate Info: Price Range of Cave Creek Houses for Sale

The real estate market in Cave Creek was designed for all types of residents, both active and passive, from those looking for homes, to people looking for retirement communities. You can find affordable homes listed from $200,000 to $5 million for large estate properties and ranch-style properties. In the more planned community of Desert Ridge, property listings range from $350,000 to $900,000. Single family homes in Cave Creek start in the mid $200,000s to $5 million. A select few townhomes can be found in either of these areas ranging from $400,000 to $500,000. Land and lots are available for custom building.

Cave Creek, Arizona
Average Home Sizes and Asking Prices

Updated On: May 21, 2018

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
85331	3,400 sf	$800,000	2,600 sf	$660,000	291	1,500 sf	$314,000	1,500 sf	$300,000	19

Asking Price in 85331 - 3 Bedroom Single Family Homes

Cave Creek Real Estate Stats and Trends for the week of March 26th, 2018: homes priced around $676,511 compared to $685,522 the previous week, showing a decrease of less than -1%. For Thursday, March 29th, the current national mortgage rate for a 30 year fixed mortgage is 4.25%; the 15 year fixed rate is at 3.66%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.40%, while the 15 year jumbo rate currently is at 4.12%.