Case-Shiller: Home Price Growth Continues

November home prices grew by 5.60 percent year-over-year on a seasonally adjusted basis according to Case-Shiller’s reading on National Home Prices. National average home prices rose 0.80 percent from October to November. Case-Shiller’s 20-City home price index revealed that the West and Mountain regions continue to hold the top three growth rates for home prices. Seattle posted a seasonally adjusted growth rate of 10.40 percent which was closely followed by Portland, Oregon’s year-over year average home price gain of 10.10 percent. Denver rounded out the top three home price growth rates included in the 20-CityiIndex with a year-over-year gain of 8.70 percent.

Top readings for month-to-month home price gains for the 20-City home price index were 0.20 percent for Seattle, Washington and Portland, Oregon. Denver, Colorado posted a month-to-month gain of 0.60 percent. Analysts said that home prices may be topping out in some cities; San Francisco, California was one of two cities posting lower home prices in November than for October. San Francisco home prices enjoyed rapid and stratospheric gains in recent years, but may have reached a threshold as fewer buyers can afford to purchase such high-priced homes.

Home Prices Approach Pre–Recession Levels

September’s national home price gains matched the pre-recession peak achieved in mid- 2006. While this is positive news, the 20-city index currently averages 7 percent below its prior peak level. It’s important to note that the 20-city index does not include Philadelphia, Pennsylvania and Houston, Texas metro areas, which have enjoyed significant growth in home prices. Home prices for cities included in the 20-city index remain about 7 percent lower than their previous peak, but are 40 percent higher than their lowest point in 2012.

David M. Blitzer, Managing Director and Chairman of the S&P Dow Jones Indices committee, said that November’s readings on home prices appear to indicate that home price gains have escaped the boom-or-bust cycles seen in the last dozen years or so.

Rising Mortgage Rates, Home Prices Present Obstacles for Buyers

While homeowners listing their homes for sale continue to enjoy appreciation home values, would-be home buyers are being sidelined by the effects of accelerating home price growth and higher mortgage rates, which are expected to continue increasing. As with San Francisco, more cities included in the Case-Shiller home price indices may see slowdowns in home price growth and home sales as affordable homes and home loans slip out of reach.

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13463 N Stone View Trail Fountain Hills, AZ 85268

$3,250,000 - 4Br/5Ba -  for Sale in Adero Canyon Parcel 1, Fountain Hills
Open House
$3,250,000
4 Beds
4.5 Baths
3,760 SqFt
Status Active
MLS # 6774845
Property Type Single Family Residence
Price Type --
Turnkey gated Fountain Hills home in the Adero Canyon community. This modern lock and leave features open concept living with 15' ceilings in the great room with a fireplace, stunning chandelier over the dining area, and expansive kitchen. Chef's kitchen includes stainless steel Sub-zero and Wolf appliances, multiple ovens, and kitchen island. Primary suite features mountain views with freestanding bathtub, oversized shower, dual sinks, enclosed toilet, and walk-in closet with custom storage and vanity. Open the expansive sliding glass doors to experience the best of Arizona's indoor/outdoor living. Bask in soaring mountain views while entertaining family and friends in your backyard with a separate guest house, custom pebbletec pool with Baja shelf, travertine decking, covered patio, and desert low maintenance landscaping and turf. This privately gated quiet community has gorgeous views and biking, jogging, and hiking trails to enjoy year-round.

5825 E Cochise Road Paradise Valley, AZ 85253

$3,250,000 - 4Br/5Ba -  for Sale in Country Estates Unit 2a, Paradise Valley
Open House
$3,250,000
4 Beds
4.5 Baths
3,729 SqFt
Status Active
MLS # 6747881
Property Type Single Family Residence
Price Type --
Desert contemporary 2024 new build! Experience Paradise Valley's resort style, tranquil living in this 4 bed, 4.5 bath estate. With natural light beaming in through 2 walls of sliding doors, home boasts modern and clean design elements with open concept great, dining, and kitchen. Custom two-toned wood cabinets, oversized 2-tier kitchen island, and with stainless steel Wolf appliances, including gas cooktop, multiple ovens, coffee bar, and a wine fridge, creating a chef's dream kitchen. Primary suite includes private sliders to the backyard, dual sink vanity, soaking tub, oversized shower, enclosed toilet, and incredible walk-in closet with custom cabinetry. Entertain family and friends in the backyard with custom pool with expanded pool deck, built-in BBQ, covered patio, turf and desert landscaping or front yard with additional covered patio perfect for lounging and dining. Additional features include 3 en suite guest bedrooms, 4 car garage, RV gate, and builder warranty. Located minutes away from Paradise Valley and Scottsdale's top resorts, golf, dining, and shopping.

39402 N 67th Place Cave Creek, AZ 85331

$3,249,000
4 Beds
6 Baths
5,312 SqFt
Status Active
MLS # 6775546
Property Type Single Family Residence
Price Type --
Discover your ultimate desert oasis, a quiet, peaceful, and luxurious 5,312 sq ft retreat surrounded by iconic saguaros and endless desert vistas. Set on 2.1 meticulously landscaped acres, this stunning home was fully rebuilt and expanded in 2020, featuring modern upgrades like plumbing, electrical systems, and state-of-the-art amenities. With two owned water softeners, a propane tank, RO system, and ADT security, every detail has been considered. Step into elegance with four ensuite bedrooms, 4 full bathrooms and 2 half baths, and masterful craftsmanship throughout. A wall of Fleetwood thermopane windows greets you upon entry, revealing breathtaking views. The open-concept gourmet kitchen and great room is an entertainer's dream, boasting leathered granite countertops, a Miele range, and Dacor column fridge and freezer, built-in Miele coffee maker, and custom cabinetry. The expansive U-shaped island, with seating for eight, is perfect for gatherings. A spacious walk-in pantry, complete with washer/dryer hookups and floor-to-ceiling cabinetry, offers ample storage. Relax by the three-sided gas fireplace, whether you're dining or enjoying one of the two cozy living areas. Automated shades provide comfort and privacy at the touch of a button. Retreat upstairs to your luxurious primary suite, featuring a tranquil sitting area, unique granite accent wall, custom furniture, a private balcony with panoramic views and direct access to the pool area. The spa-like bathroom includes custom cabinets, quartzite and marble finishes, and a two-person digital steam shower with body sprays. The large split two-sided closet, complete with washer/dryer hookups, makes the space entirely self-sufficient. On the main floor, you'll find an office and additional bedrooms, including a second primary suite with a wood-burning fireplace, walk-in closet, and a bathroom overlooking a beautiful painted courtyard. There's also a flexible space ideal for a gym or second office. High-end finishes abound, including designer lighting fixtures, custom Italian doors, and intricate steelwork. Outside, the resort-style backyard awaits with a Pebble Tec diving pool, cascading waterfalls, and a shaded ramada. The outdoor kitchen includes space for a BBQ set up and a granite island with a sink and fridge. Enjoy evenings around the custom gas fire pit or unwind in the private hot tub, surrounded by lush gardens and a courtyard adorned with a hand-painted mural. This home also features a four-car, temperature-controlled garage with epoxy floors, a horse corral, tack room, and ample land for future expansionswhether you're dreaming of a guest house, sports courts, or additional horse facilities. This Arizona paradise offers unmatched luxury and endless possibilities.

4849 N Camelback Ridge Road Scottsdale, AZ 85251

$3,225,000
2 Beds
3 Baths
2,594 SqFt
Status Active
MLS # 6681503
Property Type Apartment
Price Type --
Tucked at the base of revered Camelback Mountain, Ascent is a new, private residential enclave adjacent to The Phoenician Resort - one of Arizona's premier luxury resort destination. This community incorporates the Sonoran Desert landscape directly into its design, at the most enviable location in Scottsdale. Ascent offer views overlooking the Valley & Camelback Mountain. Home designs feature contemporary architecture integrating warm, natural materials, expansive windows, and large outdoor patios. Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite Bulthaup Kitchens, Provenza wood floors, Sub Zero Wolf appliances & 10' ceilings.

875 Rim Drive Pinedale, AZ 85934

$3,200,000
16 Beds
8.5 Baths
10,823 SqFt
Status Active
MLS # 6732458
Property Type Single Family Residence
Price Type --
Once in a lifetime opportunity! Located in the White Mountains and surrounded by USFS property, this 60-acre property has everything you are looking for. Adorned with mature ponderosa pines, fruit trees, pastures, and Pinedale Wash running through. Currently used as a Family retreat, there are many possibilities from company retreat, dude ranch, rentals, and much more. The property has been well cared for over the years and has many upgrades. The picturesque views from every home, lawns, playground, fire pit, are just a few of the things you'll fall in love with. With 4 separate houses, one of which is duplex, there's plenty of room for everyone. The main house has 5 bedrooms and 3 baths with an open floor plan. The large living room is great for gatherings and the kitchen is perfect for entertaining and making memories with friends and family. The Guest house has 4 bedrooms, 2 baths, and an extra-large kitchen and great room: a perfect place for family gatherings. The Caretaker's home and the duplex add an additional 7 bedrooms and 3.5 baths. In addition, there is also a 2200 square foot stable with a fenced in corral. Pastures are fenced in to allow for grazing, and a variety of equipment is available. The private well provides plenty of fresh water for all the homes and additional water lines running through the property.

1575 S 155th Street Gilbert, AZ 85296

$3,200,000
5 Beds
7 Baths
5,667 SqFt
Status Active
MLS # 6754626
Property Type Single Family Residence
Price Type --
Luxurious newly built & professionally designed masterpiece! This stunning home offers 5 generously sized bedrooms & 7 exquisite bathrooms, including a unique bedroom w/ a private outside entrance, perfect for guests/extended family. The state-of-the-art kitchen is a culinary dream, featuring top-of-the-line Wolf & Sub-Zero appliances, complemented by elegant finishes & ample counter space. A dedicated teen room adds versatility, while foam insulation ensures exceptional energy efficiency. Step outside to your own private oasis, complete w/ two sophisticated firepits, a sprawling pool & a rejuvenating spa. The meticulously landscaped front & back yards create a seamless blend of beauty & functionality. Located near major roads & highways, this home offers easy access to key amenities. Enjoy proximity to vibrant downtown Gilbert, renowned for its dining, shopping & entertainment options. Additionally, nearby facilities include top-rated schools, scenic parks & recreational areas. This residence combines opulence w/ convenience, making it the ultimate retreat for both entertaining & relaxing.

25505 N 114th Street Scottsdale, AZ 85255

$3,200,000
4 Beds
4.5 Baths
4,113 SqFt
Status Active
MLS # 6565469
Property Type Single Family Residence
Price Type --
New custom coming in Troon Mountain Estates! This gorgeous, soft contemporary home to-be-built has approximately 4113 square feet, 4 bedrooms, 4.5 baths, including a 679 square foot one bedroom/one bath separate casita, plus an open kitchen with butler's pantry, a great room, game room/den and walls of glass overlooking spectacular views of the McDowells, 4 Peaks and city lights from the top of a 20,000+ sf lot in gated Troon Mountain Estates. The main house is all on one level/no stairs, including the 3 car garage, except for steps down to the casita, infinity pool and spa.

26782 N Donna Place San Tan Valley, AZ 85144

$3,200,000
3 Beds
2 Baths
2,577 SqFt
Status Active
MLS # 6679447
Property Type Single Family Residence
Price Type --
Some properties have to be seen to be believed. Welcome to The Arthouse, the Valley's best kept secret. Having operated as a luxury destination wedding venue in recent years, this home presents an exceedingly rare opportunity to enjoy modern living among natural, undisturbed desert. Winding desert roads scattered with saguaro cacti and picturesque mountain views lead you through San Tan Mountain Regional Park, to a property where peace, calm and serenity envelop all who enter. At this one-of-a-kind retreat, the current stewards have lovingly and carefully crafted every inch of this property's 3.3+ acres to maximize desert dwelling in a secluded setting surrounded by untouched state park land - offering privacy that no other property in the Phoenix metro area can come close to. Each evening, painted skies abound for you to enjoy sunset from the wraparound deck - this property has been designed for those who simply cannot compromise on the joys of outdoor living. The interior of the home is the ideal blend of comfort and cozy with a South Western twist. Prepare meals in the gourmet kitchen - complete with butcher block island, modern cabinetry and farmhouse-style sink. The exclusive owner's retreat will rejuvenate your soul - gas fireplace and soaking tub. In addition to the main home, don't miss the separate suite plumbed for a bathroom with it's own private entrance, which has in recent history served as a bridal suite. You will not find a home that soothes you in a way that The Arthouse does, while offering all the indulgences of modern living.

5020 E Pershing Avenue Scottsdale, AZ 85254

$3,200,000
4 Beds
4.5 Baths
4,400 SqFt
Status Active
MLS # 6780704
Property Type Single Family Residence
Price Type --
Discover luxury living in this impeccably upgraded home! The wide open floor plan seamlessly blends into the chef's kitchen featuring Wolf appliances, beautiful cabinetry & quartz counters- PERFECT FOR ENTERTAINING. Retreat to the sprawling master suite offering a soaking tub, double sinks, and a massive closet with a vanity. Step outside to the resort-style backyard oasis with a sparkling pool, gazebo, large covered patio with misters & huge grassy play area. Additional highlights include a separate workshop, 4-car garage, private bar area with a climate-controlled wine room, & a massive game room for endless entertainment possibilities! Sunburst Farms is a wonderful Scottsdale community located near Kierland shopping and entertainment, excellent golf courses & A+ schools. A MUST SEE!

30424 N 148th Street Scottsdale, AZ 85262

$3,200,000
5 Beds
4.5 Baths
3,904 SqFt
Status Active Under Contract
MLS # 6776961
Property Type Single Family Residence
Price Type --
Stunning Equestrian Estate with Guest House nestled on a sprawling 10 Acre property in the serene landscape a short distance from the Tonto National Forest. This property offers an exceptional blend of modern comfort, views, and exceptional Equestrian facilities. This 3bedroom, 2.5 bath home with open floorplan, showcases a chef's kitchen featuring a gas range, granite counters, custom cabinetry, newer microwave and dishwasher. Master split to one side with direct access to rear patio, two additional spacious bedrooms. Large Greatroom with Gas Fireplace and walls of glass opening up to the beautifully landscaped green rear yard. Enjoy the Outdoor beauty of Arizona year round with the deep wraparound covered patio looking east towards the iconic Four Peaks. Large Heated play pool with Boulder Water feature. Separate above ground spa. Back yard is surrounded by block wall covered in white rose vine creating a private oasis. The views are unobstructed and panoramic of the mountain ranges to the east as the land gently falls away. Four Peaks, Weavers Needle, Bartlett Dam all in full view. The separate Guest House features 2BR, 2BA with full kitchen and large living space. In addition the owners created unique lodging converting a container into a charming guest suite with outdoor shower and toilet. If you have an RV or friends coming to stay there is one RV full hookup with electric, water, and sewer. Top Notch Professionally Designed and Built Equestrian Facilities with 7 stall shed row style Block barn with deep overhang. Each stall is fitted with rubber mats, fan, mister and fly control system, and excellent lighting. Runs off back of each stall if you prefer them going in and out or you can shut the back door to keep them inside. Large Airconditioned tack room with built in saddle and bridle racks and storage. Mud room can double as grain/feed room with deep sink, refrigerator, storage cabinets and plumbed for washer/dryer. Outside wash rack with hot water piped in. The entire 10 acres is perimeter fenced with Rustic oil pipe fencing. Your horses will love the 8-pipe fenced turn out paddocks with shades with room to add more. Large steel container to store hay. Dressage size arena with rubber/sand footing and an additional large, cleared area if you need something a bit larger, plenty of room and lot coverage left to build a large Covered Arena. Round pen with sand footing. You will love the direct access out your gate to miles of trails with soft decomposed granite footing NO ROCKS! Just a short 10-minute trail ride to Tonto National Forest for scenic trail riding. Do you love gardening and fruit trees? Wonderful Herb Garden and talk about trees! Fruit trees planted include Lemon, Lime, Peach, Apple, Guava, Fig, Kumquat, Grapefruit, Blood Oranges, Pomegranate all on drip system and not just any drip system this system has automated fertilizer system added so trees are slow fertilized in spring and fall with the watering system and they are thriving! Utility rates are on the rise, so problem has been solved with Solar Panels (owned) that keep those bills at or under $300 a month. Located in Maricopa County where property taxes are low, Scottsdale Mailing address, and a good producing Private well with newer pump installed this property has it all. Perfect for any equestrian or outdoor enthusiast your perfect oasis in the desert.

5593 E Edward Lane Paradise Valley, AZ 85253

$3,200,000
3 Beds
3.5 Baths
3,620 SqFt
Status Active Under Contract
MLS # 6755781
Property Type Apartment
Price Type --
Camelback View. Enjoy resort living w/ full amenities at adjacent Mountain Shadows resort combined with distinct architectural designs. Enjoy views from 800+ sq. ft. outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Wolf combo dual fuel range oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft. high ceilings, 9 ft. bi-fold doors to deck, 9 ft. bi-fold from primary suite to deck, indoor/outdoor fireplaces, Crestron smart home, Lutron lighting, motorized shades, surround sound, 24 hr guarded entry, & more! Includes membership in Citizen's Club at Mountain Shadows - fitness center, classes, signing privileges, golf, discounts on all retail services, including food, rooms, golf.

3845 E Whitton Avenue Phoenix, AZ 85018

$3,200,000
5 Beds
5 Baths
4,171 SqFt
Status Active
MLS # 6775510
Property Type Single Family Residence
Price Type --
Discover this breathtaking brand-new modern farmhouse in Arcadia. This exquisite residence seamlessly blends warmth and comfort with modern elements, creating a perfect backdrop for luxurious living. As you step inside, you'll find five spacious bedrooms, three with beautifully appointed en-suite bathrooms, ensuring comfort and privacy for family and guests alike. The dedicated office space offers a quiet retreat for remote work or creative pursuits, while the inviting teen room serves as a versatile haven for relaxation and study. Outside, discover your own private oasis with a sparkling pool, ideal for entertaining or enjoying tranquil afternoons in the sun. Guests will appreciate the charm and comfort of the flex-use guest house, providing a welcoming escape from the main residence. For fitness enthusiasts, the dedicated Peloton room off the primary suite makes it easy to stay active at any time. Completing this remarkable property is a three-car garage, offering ample space for vehicles and storage while perfectly balancing practicality and luxury. Located in the sought after Arcadia neighborhood, you'll enjoy mountain views, the latest dining concepts, and a vibrant community atmosphere. Don't miss the chance to make this extraordinary home your own. Schedule a tour today and immerse yourself in the perfect blend of style, comfort, and modern living!

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