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.

What’s Your Home Worth?

Search for Your New Home

6311 E Phoenician Boulevard Unit 21 Scottsdale, AZ 85251

$3,135,000
2 Beds
2.5 Baths
2,245 SqFt
Status Active
MLS # 6766726
Property Type Townhouse
Price Type --
This BRAND NEW, never occupied, single level townhome sits at the base of the iconic Camelback Mountain. Professionally decorated with a TURN- KEY furniture package, this home is move in ready! Ascent at the Phoenician Golf Villas is a private 24/7 guard gated community situated next to the Phoenician Resort. This meticulously custom designed and upgraded 2-bed, 2.5 bath villa is truly a one of a kind. The living room boosts a Basalt stone wrapped fireplace with beautiful lighted shelves and a 288-bottle temperature-controlled wine wall. The kitchen features a Bulthaup kitchen with quartz counters and Sub Zero Wolf appliances. Provenza wood floors and Rift oak doors throughout. Upgraded polished nickel kitchen and bath fixtures. Enjoy seamless indoor-outdoor living with custom sliding glass doors leading to a large, tiled patio with BBQ and grass yard with desert landscape. Take in the magnificent golf course views in every direction! The spacious upper-level covered terrace provides panoramic views of Camelback and Papago Mountains, along with the 1st and 9th holes on the Phoenician golf course. This Villa features 10-foot ceilings and with its modern elegance and breathtaking surroundings make it one most sought after luxury destinations in Arizona! Included in the HOA fee is the membership to the Owners Private Mountainside Club at Accent, with Swimming Pool and Hot Tub, Full Gym, Kitchen, Pool Tables, and much more.

5791 S Columbus Court Gilbert, AZ 85298

$3,130,000
6 Beds
7 Baths
5,782 SqFt
Status Active
MLS # 6788596
Property Type Single Family Residence
Price Type --
**Willing to offer seller financing!** Stunning custom home in one of Gilbert's finest neighborhoods. Perfect floor plan w/custom built in cabinetry throughout. This home has been meticulously cared for, with the dream backyard! Equipped with Control 4 system w/security cameras & built in speakers inside & out. Impressive storage space throughout w/ space to entertain & host guests in the D. Casita w/ full kitchenette. Soaring tall ceilings in every room with gorgeous crown molding. Large bedrooms, all w/ walk-in closets and en-suite bthrms. The backyard is a child's paradise with the 10 ft deep heated pool, drinking fountain, misters, in-ground trampoline, basketball court, sunken fire pit area, golf course, multiple orange trees, lemon & grapefruit & built in grill. And there's room for all your toys in the climate controlled RV garage/entertainment facility. Conveniently located minutes from Gilbert Regional Park, San Tan shopping, and in award winning Chandler school district. Don't miss this dream home!

14245 N Territory Trail Fountain Hills, AZ 85268

$3,125,000
4 Beds
5.5 Baths
3,624 SqFt
Status Active
MLS # 6803947
Property Type Single Family Residence
Price Type --
Worthy of global attention, this incredible single-level home is tucked on the rarest and most premier lot within Adero Canyon. Nestled at the end of a cul-de-sac with unsurpassed privacy & tranquility, endless views are forever yours. As you enter the manicured courtyard, instantly notice lush foliage and designer finishes that create a serene feel in the luxurious outdoor space. This exquisite modern residence boasts 4 bedrooms and 6 bathrooms, including a separate casita by the pool for ultimate privacy. Every room offers breathtaking views, enhancing the home's seamless connection to its natural surroundings. This meticulously designed home also features an open-concept floor-plan with dedicated office, separate family/media providing the perfect blend of comfort and functionality. For those who love to entertain, the outdoor kitchen is a chef's dream, with both covered and open air decks creating a cozy gathering spot for guests. Just steps away, the sparkling pool features smart automation, a spa with its own bar, and spillover feature. An elevated seating area is the ultimate space to embrace the unsurpassed views of Red Mountain and the best views in Fountain Hills. Multiple vignettes make this home an entertainer's delight, including a side yard, equipped with artificial turf, perfect for a friendly game of corn hole or for honing your golf skills.

Paradise Valley AZ 85253

$3,100,000
8 Beds
8 Baths
4,251 SqFt
Status Active
MLS # 6783381
Property Type Single Family Residence
Price Type --
Investor Alert! Great Revenue property or future development. Triple nnn lease until Dec 31, 2028 to a licensed 10 bed assisted living facility. Very high monthly revenue with all maintenance and expenses paid by tenant. Pictures do not include recent upgrades and additions. Picturesque setting on a quiet street in desirable PV with mature, beautiful landscaping and circular driveway invite you onto this 1 acre property. Home boasts multiple large venues and soaring vaulted ceilings. This property is not to be missed! No HOA. Business may also be purchased and full financial details are available. Owner/Agent

4849 N Camelback Ridge Road Scottsdale, AZ 85251

$3,100,000
2 Beds
3 Baths
2,609 SqFt
Status Active
MLS # 6675753
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.

3817 N Jokake Drive Scottsdale, AZ 85251

$3,100,000
4 Beds
3 Baths
3,897 SqFt
Status Active
MLS # 6806475
Property Type Single Family Residence
Price Type --
This Arcadia home is loaded with character and charm! A large gourmet kitchen with vaulted ceilings and windows, plus a massive center island breakfast bar overlooking the backyard, brings an inviting atmosphere for family and friends. The kitchen features a Thermador Professional 48 Inch Gas Cooktop, Sub Zero appliances, Beverage Cooler, Wine Cooler, Dacor double ovens, and Bosch dishwasher - also, a spacious island for additional seating, storage, and beautiful custom plumbing and light fixtures. The spacious layout includes a large great room and formal dining room, providing ample space for entertaining and everyday living. An expansive primary suite invites relaxation at the end of a busy day. Spare bedrooms are spacious with one bedroom being en-suite. Lot is over a 1/3-acre This Arcadia home is loaded with character and charm! A large gourmet kitchen with vaulted ceilings and windows, plus a massive center island breakfast bar overlooking the backyard, brings an inviting atmosphere for family and friends. The kitchen features a Thermador Professional 48 Inch Gas Cooktop, Sub Zero appliances, Beverage Cooler, Wine Cooler, Dacor double ovens, and Bosch dishwasher. And a spacious island for additional seating, storage, and beautiful custom plumbing and light fixtures. The spacious layout includes a large great room and formal dining room, providing ample space for entertaining and everyday living. An expansive primary suite invites relaxation at the end of a busy day. Spare bedrooms are spacious with one bedroom being en-suite. This sits over a 1/3-acre lot with flood irrigation and affordable lush green lawns. Entertaining patios sweep the rear of the house and overlook the sparkling pool. So much to enjoy about this wonderful home and plenty of room to add your special touches! Situated on a 16,649 SF lot in the highly coveted Arcadia property, this single-level ranch home has a circular driveway, a 2-car garage, and gated RV slab parking. You'll easily envision great times with family and friends waiting to be enjoyed! This property is situated in one of the most sought-after neighborhoods in the Valley, offering easy access to top-rated schools, shopping, dining, and entertainment. Top-rated Scottsdale Unified School District, close to Hopi, Ingleside, Arcadia, and Veritas.

35045 N 52nd Place Cave Creek, AZ 85331

$3,100,000
4 Beds
4.5 Baths
4,607 SqFt
Status Active
MLS # 6822750
Property Type Single Family Residence
Price Type --
One of Cave Creek's most sought after properties for auto enthusiasts in a Western setting, Tin Lizzy Outpost was thoughtfully designed to showcase the sprawling mountain views from every angle while providing a retreat for your personalized collection. A winding drive leads to this ranch-style residence with an open floor plan, warm interior finishes, large kitchen, dedicated office and game room. A spacious primary suite and three guest bedrooms and baths offer all of the creature comforts you'd expect. The main garage offers built-in storage and room for 4 cars plus room for lifts while the detached RV garage offers a drive-through bay with 14' double garage doors, another bay with a 12' double door, loft with balcony, half bath, and seating area with 8' garage door to the backyard.

8787 E Whispering Wind Drive Scottsdale, AZ 85255

$3,100,000
4 Beds
3.5 Baths
4,327 SqFt
Status Active
MLS # 6778059
Property Type Single Family Residence
Price Type --
As is. This custom home is a desert sanctuary with all the conveniences of the city. Extensively renovated in 2020, the home's 21-foot windows show breathtaking landscapes in all directions. The great room flaunts the unique architecture, where the steel-accented fireplace is backed by walls of glass overlooking the Sonoran-style yard. An oversized pool, cabana, outdoor kitchen, and gas fireplace all beg to be enjoyed with a glass of wine and good friends. The interior maintains a light, minimal aesthetic throughout. Escape life's realities in the game room with a custom cloud ceiling, or relax in the entertainment room with a built-in bar. This is an entertainer's dream home that blends modern design with natural elements to match the stunning beauty of North Scottsdale.

12943 E Corrine Drive Scottsdale, AZ 85259

$3,100,000
5 Beds
5.5 Baths
6,912 SqFt
Status Active
MLS # 6765337
Property Type Single Family Residence
Price Type --
Discover the perfect blend of luxury, seclusion, and breathtaking beauty in this spectacular custom-built home, nestled within the prestigious gated community of The Canyons at Scottsdale Mountain. Forever City & Mountain Views! Positioned securely behind two gates, including a manned entry, this contemporary masterpiece offers unparalleled privacy and exclusivity. Perched on the hillside, the home is designed to maximize its stunning views of the surrounding mountains and the sparkling city lights, creating a truly enchanting setting both day and night. Located just moments from top-ranked schools like Basis and Desert Mountain, the renowned Mayo Clinic, and the vibrant shopping and dining at Kierland, this home delivers the convenience of city living without sacrificing tranquility. The sweeping hillside and city light views are a constant reminder of the extraordinary location, making every moment feel like a retreat. The expansive layout is ideal for both relaxation and entertaining, featuring two luxurious primary suites, a state-of-the-art theater room, and a versatile bonus/exercise room. Outdoor living is equally impressive, with a stunning negative edge diving pool, a luxurious spa, and a firepit perfectly positioned to let you soak in the serene hillside surroundings and twinkling city lights. Recent upgrades, including sleek epoxy flooring in the garage and elegant engineered wood flooring on the upper level, elevate the home's modern appeal. Functionality is also prioritized, with dual laundry roomsone upstairs and one downstairsadding convenience to everyday living. Set within the prestigious gated community of The Canyons at Scottsdale Mountain, this extraordinary home offers the ultimate in luxury and security, surrounded by breathtaking hillside and city light views. Experience a lifestyle beyond compare in this exceptional property, where elegance meets natural beauty.

10798 E Hedgehog Place Scottsdale, AZ 85262

$3,100,000
5 Beds
5.5 Baths
5,386 SqFt
Status Active Under Contract
MLS # 6821785
Property Type Single Family Residence
Price Type --
Located in the highly coveted Troon North area of North Scottsdale, in the very private enclave neighborhood of Tierra Encantada in Pinnacle Canyon at Troon North. With its timeless architectural detail and craftmanship, its outdoor living spaces highlighted with lush gardens, and the soothing beauty and privacy from the surrounding Sonoran desert landscape, this home epitomizes the essence of the Arizona lifestyle. On more than 3/4 of an acre, the spacious interior offers a well thought out, open concept floorplan. The heart of the residence is the spacious great room, opening directly into the kitchen and casual dining spaces. For ease in entertaining, the chef's kitchen, with its touches of warm finishes, features granite counters, two islands with massive amounts of cabinet storage and countertop space, top of the line appliances like Wolf and Subzero, and two very large walk-in storage pantries. The circular casual dining space offers views of the pool and garden area and the tranquil desert space beyond. A temperature-controlled wine room holds approximately 250 or more bottles of wine. The great room features a wall of multi-glass panels of pocketing doors that seamlessly blend the indoor and outdoor living spaces, a Cantera stone fireplace, an entertainment wet bar, and the beautiful wood beamed ceiling. All add ambiance and character to these living spaces. A sumptuous primary suite with its Cantera stone fireplace offers a separate sitting room with direct access to a private patio. The sitting room is perfect to use for exercise or as your private retreat. Along with two separate and very large walk-in closets, the luxurious spa-like ensuite bath area features a jacuzzi tub, small fireplace, double sinks, expansive walk-in shower, and two separate toilet rooms. French doors open to the front courtyard, offering views of the lush garden environment and a three-tier fountain where sounds of trickling water can be heard. Located on either side of the entrance foyer, both the formal dining space and the study also feature French doors opening to the front courtyard. Imagine having an intimate dinner with friends or family, or working quietly in the study, highlighted with its wall of custom built in cabinetry, and being able to enjoy the soothing, musical sounds of the water trickling down the layers of the courtyard's fountain. There are no interior steps inside the home or guest house and each of the oversized guest bedrooms in the main house and guest house feature their own private ensuite, ensuring ultimate comfort and privacy for all occupants. The garage area offers 4 over-sized, extended length spaces, epoxied floors and multiple cabinets for storage. Outdoor living is a highlight, whether you want to enjoy the Arizona sunshine or the evening starlight. Numerous seating areas in both the front and back areas of the home allow for year-round outdoor enjoyment. Enveloped in lush landscaping and with the open Sonoran Desert spaces surrounding the home, privacy and tranquility are highlighted. The large, heated pool with its large Baha deck, the spa, an expansive under cover patio area with its built-in misting system, the island with a built-in BBQ and under-container refrigerator, all enhance outdoor living. Whether in the front courtyard with its fireplace or the back patio with its firepit, what could be a more perfect ending to a day than to enjoy an evening under the stars? While just a short distance from all the city has to offer, the Troon North area is about tranquility and open space. For outdoor activities, close by is the Troon North community park, offering pickleball, tennis, a children's play area and a grass area, perfect for a gathering with friends. Also close by are miles and miles of scenic hiking, biking and horseback riding trails, lakes for boating and fishing, as well as many world class golf courses, such as the area's award-winning Troon North Golf Course. Easy access to the 101 Freeway allows you to reach various destinations around the valley quickly. Phoenix Sky Harbor can be reached in approximately 35 minutes and Scottsdale's private airport is about a 20 minute ride. While there are many outstanding doctors, clinics and hospitals in the valley, the Mayo Clinic is also a short drive away. Looking for more? Scottsdale is known for its art and culture and offers an incredible mix of museums, shopping, restaurants, galleries and nightlife, along with a wide range of performing arts and special events such as baseball's spring training, Barrett-Jackson car auction, the Arabian horse show and the Waste Management Phoenix Open Golf Tournament. Click on Documents tab for additional information about this home. With the exception of a few personal items, all furnishings in the home may be purchased on a separate Bill of Sale.

10224 N Azure Vista Trail Fountain Hills, AZ 85268

$3,100,000
5 Beds
6.5 Baths
6,310 SqFt
Status Active
MLS # 6770517
Property Type Single Family Residence
Price Type --
Experience the pinnacle of sophistication w/ this meticulously designed home, positioned alongside the 7th fairway of FireRock private golf course. North-South facing home embraces both luxury and comfort! Open concept chef's kitchen with Viking and Bosch appliances, gas stove cooking, double ovens, custom wood cabinetry, walk-in pantry, island, gas fireplace, plenty of mountain and golf views! Primary bedroom privately situated on this level along w/2 guest bedrooms, den and laundry. Lower level features 2nd primary bedroom, guest bed, 2nd family room, wet bar, wine room, theater, game room. Extend the party to the backyard resort featuring large covered patio, contemporary pool and spa, gas grill, gas fire pit, travertine patio and spectacular sunsets! Close to Mayo, Basis, and more! AC/WATER HEATERS/ROOF Water heater main level - Gas, 50 gallon (2020) Water heater lower level - Electric, 50 gallon (2019) First floor hot water recirculation system for quick hot water at faucets & showers 5 AC units (2 main level / 2 lower level / 1 garage) AC garage Senville mini-split (2024) Roof original standing seam metal, flat foam resealed (8/2024) Santec high-end luxury faucets, shower systems and tub fillers For reference visit: Widespread Lavatory Set - Santec 3 Natural gas interior fireplaces (main living / lower living / main primary bedroom ) 1 Natural gas fire pit Home is Wired for Alarm System Including Flow Sensor in Fire Sprinkler System BEDROOMS/BATHS 5 bedrooms, 6 1/2 baths. Each bedroom has an en suite bath (3 main / 2 lower) 2 bedrooms are primary suites - one main level, one lower level. 1/2 powder bath is located on main level KITCHEN - VIKING APPLIANCES

5101 N Casa Blanca Drive Unit 328 Paradise Valley, AZ 85253

$3,100,000
2 Beds
2.5 Baths
2,486 SqFt
Status Active Under Contract
MLS # 6796621
Property Type Single Family Residence
Price Type --
Welcome home to this beautifully remodeled single-family residence in the prestigious, guard-gated Casa Blanca Community! Nestled on one of the largest lots in Casa Blanca, this exquisite property offers 2,486 square feet of meticulously updated beauty and sophistication. This 2-bedroom, 2.5-bath home with an attached 2-car garage has undergone a complete transformation, leaving no detail untouched. The extensive upgrades include: A brand-new chef's kitchen with premium finishes and appliances. Fully renovated bathrooms, designed with modern elegance and functionality. Updated lighting fixtures and window treatments, adding warmth and style throughout. Step outside to your private outdoor retreat, featuring thoughtfully landscaped vignettes and lush greenery. This space is truly an entertainer's dream, ideal for hosting gatherings or enjoying peaceful evenings under the stars. Key Features Include: Spacious Layout: 2,486 SF of open-concept living with elegant finishes throughout. Modern Upgrades: Fully remodeled chefs kitchen and bathrooms featuring high-end materials and design. High End Appliances: Including Sub-Zero/Wolf Outdoor Oasis: Lush landscaping in an inviting backyard, ideal for entertaining or unwinding. Prime Location: Nestled within the highly sought-after Casa Blanca community, offering 24/7 security and a tranquil environment. Close to Old Town Scottsdale: Dining and Entertainment, Hiking, Biking, Swimming, Golf, Tennis, and Pickleball are all a short distance away. For a full list of upgrades, please refer to the documents tab. This home is the epitome of style, comfort, and luxury. Don't miss your chance to own this one-of-a-kind property. Welcome Home

Leave a Reply

Your email address will not be published.