The average $/sf for condos, town homes and patio homes in Cave Creek has gone up 9.8% in the last 12 months (most recent QTR this year vs. year-ago). In Carefree this number drops to about 1%, but still represents an appreciating market. The numbers all over the valley have improved dramatically in the last year. In fact, my home in Buckeye has gone up over 25% in the last two years, just over half of that came in the last 8 months alone.
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While I don't have access to the armls that realtors use, I do know that the asking price on homes in desert mountain and other golf communites are under pressure from the lack of people buying 2nd and 3rd homes, as well as the number of bank owned properties.... more