Cave Creek & Carefree, Arizona – Real Estate Profile
Cave Creek and Carefree, Arizona are extraordinary desert oasis towns just north and northwest of Scottsdale, Arizona. True “cowboy” towns with dozens of shops, over 30 restaurants, and beautiful art galleries, Cave Creek and Carefree have much to offer. Pristine mountain views, giant boulders, and endless beauty encase these small, distinctive towns. Cave Creek and Carefree living offer lots of land, custom homes, and country atmosphere. Minutes from major highways, and Scottsdale Road, Cave Creek and Carefree are exceptional places to call home.
Buying Real Estate in Cave Creek and Carefree
Breathtaking Cave Creek Home Office
Cave Creek has many different types and styles of homes as well as amenities. For those who enjoy an outdoor lifestyle, Cave Creek homes have more land than most Phoenix area cities. Many ranches and larger homes can be found throughout the town, as well as homes that branch further out into the more rural areas of Cave Creek. Over the past decade, Cave Creek has expanded, and some terrific condominium complexes have been built as well as family friendly subdivisions. Those who choose to purchase real estate in Cave Creek will find the town offers many interesting attractions and affordable living. Cave Creek does not allow for much commercial Real Estate, and maintains its old western style appeal by doing so.
Carefree living is a it more expensive the Cave Creek. Carefree has several private, gated golf course communities as well as many single family private homes. New homes are built on one acre lots to preserve a low-density population, and are built to “blend-in” with the natural desert scenery. For reasonably priced, affordable real Estate, Carefree offers many condominium homes. Additionally, there is still plenty of land available for purchase to build your dream home in Carefree.
Cave Creek & Carefree Home and Land Foreclosures
Many foreclosed homes are available in the real estate market in Cave Creek and Carefree. Like many cities, Cave Creek and Carefree are no exception to the rise in foreclosed real estate. Since January 1st of 2009, two-hundred and thirty-three non-foreclosed homes have sold in Cave Creek and Carefree with an average sale price of $533,000. Foreclosed homes that have closed since the beginning of this year is two hundred and twenty-nine with an average sale price of $362,000, well over a $150,000 difference. Of the current three hundred and twenty active single family listings on the Cave Creek and Carefree market, thirty-six of them are bank owned homes.
The average piece of land for sale in Cave Creek and Carefree is approximately 5 acres. Since the beginning of 2009 fourteen non-foreclosed lots have sold with an average sale price of $340,000. The average approximate acres of foreclosed land in Cave Creek and Carefree that have sold since January 1, 2009 is 2 acres with a sale price of roughly $166,000. Out of the 178 active land listings available for purchase in Cave Creek, 32 of them are foreclosures.
Some terrific foreclosure opportunities are available in Cave Creek and Carefree. If you are interested in purchasing a piece of foreclosed real estate in these highly desirable cities, contact the Gary May Group.
Cave Creek & Carefree Land and Buildable Lots
Patio with Mountain Views
Cave Creek and Carefree have a lot of land and buildable lots available ranging in price from $12,000 to $15,000,000 depending primarily on the amount of square feet or acres purchased. Currently there are two hundred and sixty-one land/lots available for real estate purchase in Cave Creek and Carefree. The average sale price since January 1, 2009 was $267,000 for 2 acres or less of land. Much of the raw land available has exceptional views and is priced below market value. If you are ready to build your dream home in Cave Creek or Carefree, contact the Gary May Group.
Commercial Real Estate in Cave Creek & Carefree
For many years Cave Creek and Carefree have taken pride from being free of big-box retailers and other commercial real estate. As the economy began to decline, the towns leaders are starting to reconsider these sites to help promote financial well-being. Opponents of this idea fear that once commercial real estate begins to appear in Cave Creek and Carefree it will take away from the natural environment that Cave Creek and Carefree have fought so hard to preserve all these years, and will create an influx in traffic.
Very little commercial real estate is available for purchase in Cave Creek or Carefree. Since January 1, 2009, only 2 commercial properties have sold, and only 14 remain actively available for purchase with prices ranging from $92,000 to $1,950,000. The Gary May Group is available for further information regarding any commercial real estate interests you may have.
Cave Creek & Carefree Documents
- Cave Creek Circulation Map
- Cave Creek Zoning Map
- Cave Creek Land Use Map
- Cave Creek Open Real Estate
- Cave Creek Downtown Zoning Map
- Carefree Cave Creek Community Profile
- Carefree Commercial Design Guidelines
- Carefree Mountainside Design Guidelines
- Carefree Single Family Design Guidelines
- Carefree Street Zoning Map
- Carefree Tax Codes
- Carefree Priveledge Tax Rentals
- Carefree Priveledge Tax Transient Lodging
- Carefree Town Ordinance
Taxes
For the 2009 tax year, the average home in Cave Creek, roughly $580,000 and 1 acre lot, paid between $2,015.00 and $2,827,000 in property taxes. Some saw an increase in taxes by roughly $200.00 more from 2008, and others saw a decline of roughly $150.00 from 2008. This variation may be due in part to the decline in value of homes in the current real estate market across the nation and the loss of value in Arizona.
For the 2009 tax year in Carefree the average home paid roughly $2,700 to $3,600 in property taxes on a home with the average price of $1,299,000. Property taxes in Carefree are slightly higher than Cave Creek, since most homes average $500,000 or more in value.
Growth and Development
Peaceful Living Area
Cave Creek was established in the 1870’s as a mining and camping area. In 1990 Cave Creek’s population was 2,295 residences. Today, that number has more than doubled. The Cave Creek town ordinance continues to protect the character and stability of the town by preserving open space, protecting natural habitats, and avoiding overcrowding of the land by imposing land use regulations and classifications and establishing design and development standards. Therefore, it is the hope that the population and real estate growth of Cave Creek will be slowed by land use and government regulation.
As of January 2010, after much debate, a Wal-mart Super Center was approved to be built at Cave Creek Road and Carefree Highway. It is the hope that the new store will promote economic growth through tax revenues generated by the store.
Carefree, Arizona was founded by K.T. Palmer who along with Tom Darlington set out to establish a prominent resort in the area, but at the same time they remained dedicated to preserving the land. Many years later, the residents of Carefree continue the efforts of preservation in Carefree, implementing laws, rules, and regulations to keep the natural beauty of the land and Sonoran lifestyle sealed Much like Cave Creek, Carefree is dedicated to its commitment of protecting natural habitats and beauty.
Key Characteristics of Cave Creek & Carefree
· Large lot homes
· Competitive Real Estate prices
· Number 3 in small cities in Arizona with the highest median home value
· Assorted living; luxury homes, condominiums, etc.
· Little commercial real estate, maintains the “old west” atmosphere
· Well-established community
· 28 miles of panoramic beauty and desert living
· 250 acre preserve that protects the surrounding mountains and natural state
· Unrivaled Sonoran Desert beauty
· Assorted restaurants, galleries, and shops
· Parks and nature preserves, hiking and horseback trails
· 2,922 acre Cave Creek Regional Park with guided trails
· Spur Cross Ranch Conservation area provides a rich habitat and natural vegetation
· Minutes from Scottsdale and Phoenix
· Excelling school system
AREA ACTIVITY
Geographic Detail Map
Click on the Map for a Larger View
Cave Creek Geographical Map
 Carefree Geographical Map |
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| DEMOGRAPHIC DATA BY ZIP CODE Cave Creek: 85327 | 85331 | ||||
| Population | Households | |||
| Total Population | 39,763 | Total Households | 23,731 | |
| Male Population | 14,582 | 49.9% | Family Households | 21,183 |
| Female Population | 14,652 | 50.1% | Non-Family Households | 2,548 |
| Density (Persons per Square Mile) | 645 | Households with Children | 5,547 | |
| Median Age | 42.5 | Average People per Household | 2.5 | |
| DEMOGRAPHIC DATA BY ZIP CODE Carefree: 85377 | ||||
| Population | Households | |||
| Total Population | 3,862 | Total Households | 2,927 | |
| Male Population | 1,917 | 49.6% | Family Households | 1,844 |
| Female Population | 1,945 | 50.4% | Non-Family Households | 1,083 |
| Density (Persons per Square Mile) | 437 | Households with Children | 1,363 | |
| Median Age | 34.2 | Average People per Household | 2.4 | |
Tags: realestate foreclosure, bank owned properties, REO, realestate, real estate, real estate foreclosures, real estate short sales
For a current listing of Care Free foreclosures contact the Gary May Group, Care Free and Cave Creek foreclosures specialists.
