Cave Creek
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You want to live in the valley and you prefer the climate to the north. Where do you go? The answer is Cave Creek. Cave Creek is in the northernmost part of the Northeast Valley. Metro Phoenix and Scottsdale area to the south of this fascinating town. Cave Creek is protected by the mighty Black Mountain on the southeast with conservation lands, parks, and preserves in the other direct All of these outdoor areas provide residents and visitors with town breathtaking views.
You might say that Cave Creek isn’t “in town”, but that it’s not exactly “out of town”, either. Cave Creek Road, the main thoroughfare, travels north and south 15 miles to Phoenix… Then the road winds its way eastward through the town of Carefree and continues on into Scottsdale.It is easy to get about the valley while maintaining the privacy of your living space.
Just how do you get around here? Cave Creek Road is through the town of Cave Creek. The road begins in Phoenix and travels along the desert valley floor approximately 15 miles north up into Cave Creek.
The climate is typical southwestern. Mild winter and a long, torrid summer are the norms. Spring and autumn make for mild transitions into the other seasons. The summer days are bright and clear and filled with sun. There is a monsoon season that is truly extraordinary- but it is relatively brief.
Cave Creek History
This area was most likely first inhabited, as were many places, by aboriginal settlers some thousands of years ago. These faceless wanderers probably came and went- as so many were compelled to do when faced with the prospect of settlement in an untamed and inhospitable environment.
The town of Cave Creek, as we now know it, is thought to have begun about 1874. It was at or about that time that William Rowe, a miner, who, like so many, came out to the west to find his destiny, decided to rest his weary bones. But not for long. Unlike many, he discovered gold on Gold Hill, just northeast of what is now the town of Cave Creek. Soon, the Cave Creek Mistress Mine came into being.
Cave Creek Properties
One of kind estate properties can be found set back within Desert Mountains, along with more affordable smaller homes and ranches that are also available in Cave Creek. Golf courses are located nearby which offer spectacular views along the course’s fringes.
The natural beauty of the area has drawn people to Cave Creek for many, many years; and this year will, doubtless, be no exception. That’s one of the things that make the location such a popular place to live.
Just think about the advantage this offers. You know about Cave Creek and this gem might just be at the very center of your secret solution.
Single-family homes, master-planned developments, and custom large lot properties can be found throughout Casa Grande. The city is developing so quickly.
Click here to locate homes and properties available for sale in Cave Creek.
The Market
The spectacular amount of market activity in Arizona over the past decade has been well documented. People of all walks of life have been moving to Arizona, and particularly Phoenix, in numbers unmatched in recent memory.
Figures from 2000-2005 show nothing but increased construction, development, unit sales, and unit sales prices in virtually every category of structure offered on the market.
The greatest degree of growth occurred during fiscal 2005, where previous growth statistics, impressive in their own rights, spiked sharply to even higher levels. Of particular note to the residential home seller/buyer was the record appreciation in new and resale home values. These rates were up for new homes and resales, rentals, and condominium units, the only difference being one of degree.
While it is true that not all Phoenix area real estate markets showed the same amount of increase it is true that the degree of growth for each area was proportional.
Then along came 2006 and equally well documented has been the decline in the rate of growth of some key market indicators. The greater Phoenix resale home market is showing marked decreases in sales figures for comparable periods last year across the valley and across most unit categories.
One interesting exception is the median price for resale units has risen slightly. This rising price accompanied by a decrease in sales seems to be more in keeping with normal market tendencies. One would expect spectacular growth to lead eventually to a degree of scarcity that would be reflected in higher prices. Could this indicate that the market has reached its peak?
Let’s look at another indicator to see what it may tell us.
Since 1985, the Arizona Real Estate Center has computed what it calls “affordability indexes” for the Greater Phoenix area and several nearby cities.
The index was invented as a guide to predict market activity. When the index value is 100, the typical home buyer (based on the current median resale price and household income) would be able to afford a median-priced home at the stated effective interest rate. A lower index value indicates less availability of affordable single-family homes.
The affordability index for the areas selected for the study shows a significant reduction in the availability of that this type of housing within the means of the ordinary consumer. Whether this data can be used as a reliable indicator for other groups and other types of housing is arguable, but it does beg the question “how much longer will the market be able to sustain a situation where both sellers and buyers can apparently benefit by getting involved in the market?
The short answer is that these conditions can remain so long as they are supported by the market.
So when we take a long look at the larger picture we must ask ourselves whether we can realistically expect to realize more potential gain or value now or at some time in the future and it is very reasonable to conclude that the best possible time to buy or sell Arizona really is now.
Cave Creek Entertainment
Visit the Cave Creek Mistress Mine today. Visitors will be able to see what a gold mine looked like long ago . Souvenir hunters will be happy to find an adequately stocked gift shop close at hand. The mine is located about 10 miles from the intersection of Tom Darlington Road and Cave Creek Road.
Cave Creek has never lost its old west charm. Today, rustic shops, western boutiques, Native American arts and crafts, horseback riding ranches, restaurants, and cowboy bars can be found up and down Cave Creek Road – each waiting and willing to welcome you with its special goods or services.
Cave Creek Outdoor Recreation
Cave Creek’s Northeast Valley location makes it perfect for outdoor enthusiasts.
Both Bartlett Lake and the Verde River are within a stone’s throw away. This makes it easy to dip into the cool water for tubing, waterskiing, jet skiing, or water fun.
Hiking and horseback riding are other popular outdoor activities. Trails are sprinkled all over the surrounding area for both hikers and horseback riders to share. Cave Creek is a great place to spend time outside.
Cave Creek is protected by the mighty Black Mountain Summit Preserve on the southeast, the Cave Creek Recreational Area on the west, and the Spur Cross Ranch Conservation Area to the north. All of these outdoor areas provide residents and visitors with town breathtaking views and wildlife clues.
Both residents and visitors to Cave Creek have found that this desert community offers a spectacular assortment of native plants and wildlife. The Tonto National Forest borders the town to the north and the east. Black Mountain towers over the town on the east, separating it from its sister town of Carefree.
Cave Creek is special. See the tall stately saguaros and mountains that encircle the town. The community blends its old west history with its small-town charm in such a way that many have decided never to leave, preferring to stay in Cave Creek forever.
