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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3819 N Springfield Street Buckeye, AZ 85396

$565,000
3 Beds
2 Baths
2,036 SqFt
Status Active
MLS # 6764983
Property Type Single Family Residence
Price Type --
LOCATED IN HIGHLY DESIRABLE VERRADO, PRIDE OF OWNERSHIP, PARKING FOR 6 CARS! This Pulte Magnolia model features a cozy front porch, high-end turf in both front and backyard, expansive great room that opens to the gourmet kitchen w/island, breakfast bar, eat-in kitchen, formal dining room, staggered cabinets, Corian countertops, granite stone sink, wall oven, cooktop, black appliances, and a large pantry, the split master floor plan includes an oversized master suite, his/her closets, raised vanities w/double sinks, separate tub/shower, 2 large additional bedrooms, and full bath. The backyard boast of a covered patio, extended custom pavers designed for a park-like setting, built-in pergola makes this the perfect place for entertaining. The 2car garage includes high-end epoxy flooring, storage cabinets, an extended driveway with room to park 4 additional vehicles.

22337 E Via Del Palo -- Queen Creek, AZ 85142

$565,000
4 Beds
3 Baths
2,162 SqFt
Status Active
MLS # 6765247
Property Type Single Family Residence
Price Type --
Discover a stunning two-story home nestled within the prestigious Villages at Queen Creek Golf Course community. This corner lot residence offers breathtaking mountain views, a refreshing community pool, and a spacious interior designed for comfortable living. Key features include:Prime Location, Enjoy easy access to the 60 and 202 freeways, as well as a variety of shopping, dining, and entertainment options. Enjoy the convenience of a full bedroom and bathroom on the ground floor. Modern Updates include new tile, and updated cabinets and granite countertops. The expansive open concept living space features vaulted ceilings, a large kitchen with an island, and a generous pantry. Don't Miss this opportunity to make this house yours!

272 N 167th Lane Goodyear, AZ 85338

$565,000
4 Beds
3 Baths
2,735 SqFt
Status Active
MLS # 6767667
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Canyon Trails! Nestled in a peaceful cul-de-sac, this 4-bedroom, 3-bathroom residence is loaded with premium upgrades. Step outside to your own slice of paradise, featuring a splash pad for endless summer fun and an outdoor kitchen perfect for al fresco dining and entertaining family and friends. The area directly behind your back fence boasts lush greenery, ensuring added privacy for your backyard. Enjoy the convenience of a full bedroom and bathroom on the main level, ideal for guests or multi-generational living. The extended garage provides ample space for your vehicles, while the built-in shelving offers extra storage and a dedicated workspace. Upstairs, the primary bedroom features a luxurious walk-in shower and two separate walk-in closets.

10521 E Hawk Avenue Mesa, AZ 85212

$565,000
3 Beds
2.5 Baths
2,104 SqFt
Status Active
MLS # 6767313
Property Type Single Family Residence
Price Type --
Beautiful residence in the esteemed Eastmark Community is the one! Lovely curb appeal with a well-maintained front yard and a 3-car garage. Be welcomed by an inviting foyer leading to the spacious living room enhanced with tall ceilings, pre-wired surround sound, and sleek wood-look tile flooring. The chef's kitchen is fully equipped with an electric cooktop, a wall oven, granite counters, a walk-in pantry, ample white cabinetry with crown molding, and an island with a breakfast bar. The primary retreat has plush carpeting, an immaculate ensuite, and a walk-in closet. Secondary bedrooms enjoy a Jack & Jill bathroom! The home's elegance extends outdoors to the tranquil backyard with a covered patio and pavers, great for relaxation. Make this gem yours today!

17814 N 137th Drive Sun City West, AZ 85375

$565,000
2 Beds
3 Baths
2,532 SqFt
Status Active
MLS # 6776829
Property Type Single Family Residence
Price Type --
This exquisite San Simeon model was originally designed by Del Webb as a 3-bedroom home or 2 bed with study. This particular one is unique because it actually has a 3rd bathroom. As you approach this stunning property, you're greeted by a private front courtyard that promises tranquil mornings and an intimate space for reflection or casual conversation. Inside, you'll find a home that with a spacious layout that is perfect for both relaxation and entertaining. The living spaces flow seamlessly to the extended back patio, where the home's true gem lies: breathtaking views of the golf course, lake, and distant mountains that has delighted the owners for a quarter of a century enjoying these sunsets from the extended patio. Garage can accommodate a golf-cart. Roof replaced 2019. Situated on a tranquil street void of through traffic, it's peaceful, yet convenience is just around the corner, with easy access to all the shopping, dining, and amenities that Sun City West has to offer. Live your adventure now.

1749 Silver Spur Circle Clarkdale, AZ 86324

$565,000
2 Beds
2 Baths
1,715 SqFt
Status Active
MLS # 6767718
Property Type Single Family Residence
Price Type --
Discover your dream home with unparalleled charm and comfort! This property offers a unique blend of elegance and privacy, perfectly situated on an expansive 1/2 acre lot for ultimate seclusion with the option for an additional 1/2 acre. Imagine cozy evenings by the fireplace, and waking up every day to a magnificent view of the Red Rocks that never fails to inspire. One of this property's unique highlight is an exquisite imported, hand-peeled and stained log ramada with elegant pavers and a six-person hot tub, perfect for outdoor relaxation or entertaining guests. Whether you're seeking tranquility or a place to entertain, this home provides the perfect backdrop for all your aspirations. Step through a charming front door courtyard, adorned with a decorative steel gate, setting the scene for a warm welcome. Beyond the front, discover a fully gated fenced backyard offering privacy. Embrace the sophistication of 9 ft ceilings and charming bullnose corners throughout plus the elegance of ceramic flooring, with cozy carpeted bedrooms for ultimate comfort. Gather around the stunning Southwestern-style glass-enclosed propane fireplace, complete with a mantel, hearth, and beautifully crafted faux logs that evoke a cozy atmosphere. Adjacent to the hearth, a full-length sitting bench offers a perfect spot to relax and enjoy the warmth. This exquisite property boasts a kitchen that is a culinary enthusiast's delight, featuring ample counter space, an abundance of cabinets, and a convenient breakfast bar. A spacious pantry complements the setup, ensuring you have all the storage you need. Enjoy leisurely breakfasts in the adjoining breakfast nook, a perfect spot for morning routines. The heart of the home shines with tubular skylights in the kitchen, laundry, and oversized tiled walk-in shower. Split bedroom plan that promises both privacy and comfort. Enjoy the seamless indoor-outdoor flow, with glass patio doors leading off both the dining room and master bedroom onto spacious patios. Peace of mind with newer appliances, including a dishwasher, hot water heater, washer, and dryer, ensuring modern comfort and convenience. The property boasts a fully functional sprinkler system equipped with new valves, a system water shut off, and a sprinkler control panel for easy plant maintenance. Additionally, enjoy peace of mind with new garage door springs enhancing safety and reliability. A custom designed elevated lot to not only enhance the views but to accommodate runoff and prevent erosion. This unique home is surrounded by hand-placed native rock lining the front and back ditches, offering a distinct and harmonious landscape design. The rip-rapped berms elegantly frame the remaining sides, enhancing both functionality and aesthetics. Additionally, the property features attractive rock-lined drainage swails, providing efficient water management while adding to the overall charm. This property is a perfect blend of thoughtful design and natural allure. Thoughtfully designed exteriors featuring a delightful wraparound sidewalk leading to one porch, complemented by hand-placed steppingstones guiding you to the opposite porch. This property boasts an oversized 2-car garage featuring pull-down concealed wooden steps for full attic access, offering ample storage and convenience. The approach to this home is nothing short of impressive, featuring a commercial-grade compacted gravel path that seamlessly transitions into a wide concrete driveway.

112 N 3rd Street Buckeye, AZ 85326

$565,000
5 Beds
6.5 Baths
5,264 SqFt
Status Active
MLS # 6769706
Property Type Single Family Residence
Price Type --
Check out 1 of Historical Downtown Buckeye building that was built in 1927. Flood irrigation is available on this 15000 sq ft lot. This property can be residential or commercial. it has 5 bed, 6.5 baths . Roof had new sealant , all new pool equipment, and resurfacing. new primary shower, new flooring in dining area, remodeled front half bath. new hot water heater. 2 car garage plus 8 assigned parking spaces. Basement has bedroom and bath plus living area. Green house and a shed. Shared parking with bank,verify all info.

23105 E Camina Buena Vista Queen Creek, AZ 85142

$565,000
4 Beds
2.5 Baths
2,381 SqFt
Status Active
MLS # 6777387
Property Type Single Family Residence
Price Type --
MUST SEE! Take a look at this incredible 2,381 sqft single-story home with 4 bedrooms, large GREAT ROOM, and a prime spot near the community pool, splash pad, and parks—perfect for relaxing and having fun! Step inside to find a spacious, open floor plan that brings together the living, dining, and kitchen areas, making it great for both everyday life and hosting. The living room is bright and airy, thanks to large windows and a sliding glass door that lets in an abundance of natural light. The open kitchen has a sleek, modern look with upgraded countertops, plenty of cabinets, and a HUGE ISLAND —ideal for casual meals or hanging out with guests. The kitchen opens up perfectly to the great room and dining areas. The primary suite is split perfectly from the other three bedrooms features an upgraded bathroom. Head out back to enjoy a beautifully designed yard with a large covered patio, a cozy paver sitting area, and a low maintenance artificial turf area. It's perfect for entertaining, gardening, or just kicking back in your own private space to watch a breathtaking Arizona sunset. Other features include: 3 car tandem epoxy garage with built-in storage, energy efficient home, vinyl frame windows, new carpet, mudroom, reverse osmosis, water softener, tankless water heater, and so much more. This home is perfectly located in Queen Creek, AZ with every convenience just minutes away - close to shopping, Golfing, Freeways, Dining, Schools, Downtown Queen Creek. You don't want to miss out on this property. Schedule your showing today!

813 W Diamond Drive Tempe, AZ 85283

$565,000
3 Beds
2 Baths
1,915 SqFt
Status Active
MLS # 6782021
Property Type Single Family Residence
Price Type --
This beautifully upgraded home is a standout gem! Thoughtfully renovated inside and out, this home combines efficiency, elegance, and high-end finishes and is 100% move-in-ready. Be the very first to live in this freshly renovated home! Stunning wood-look porcelain tile throughout the entire home - no carpet here! Upgrades include solid maple cabinet doors, white quartz countertops, all new dual pane argon windows throughout the home, new fans, hardware, light fixtures, toilets, mirrors, and the list goes on and on!! The details and touches put into this home are unmatched. Freshly epoxied garage with storage cabinets, plus a RV gate w\ concrete slab for your motorhome, boats, or other toys. Add this one your short list - this home is gorgeous and completely turnkey!!

3355 E Los Altos Road Gilbert, AZ 85297

$565,000
4 Beds
2 Baths
1,952 SqFt
Status Active
MLS # 6785311
Property Type Single Family Residence
Price Type --
This 4-bed 2-bath Gilbert home is situated on a corner lot with mature landscaping all around. The home includes a 3-car garage with storage cabinets. The oversized driveway includes a RV gate next to the home. This single owner property has been meticulously maintained throughout its life. The home features a R/O System as well as brand new complete A/C system. The home also has newer LVP flooring with fresh paint. Backyard features an Extended patio with a pergola, perfect enjoy the AZ weather.

10624 E Nido Avenue Mesa, AZ 85209

$565,000 - 3Br/3Ba -  for Sale in Mulberry, Mesa
New
$565,000
3 Beds
2.5 Baths
2,031 SqFt
Status Active
MLS # 6787188
Property Type Single Family Residence
Price Type --
Known for quality, Blandford Homes built this lovely and well cared for home in the coveted community of Mulberry. Great curb appeal thanks to a craftsman exterior design with stonework, beams, and a paver driveway and spacious porch. Low maintenance front yard with turf and gravel. You will be greeted by a welcoming entryway and will immediately notice the 10-foot ceilings which provide for a luxurious feel. Desirable floorplan with 2 bedrooms towards the front of the home and the primary suite at the back of the home, giving you the privacy you desire. This floorplan does not come up for sale too often! Brick-laid tile in the kitchen/bathrooms/hallways and brand new carpet in the living area and bedrooms. The kitchen features elegant staggered espresso colored cabinetry with a subway tile backsplash, gas stove, high-end KitchenAid stainless steel appliances, large island with pendent lighting, walk-in pantry, and granite countertops with plenty of space for all of your favorite cooking appliances. Good-sized primary suite and primary bath with a dual sink vanity, separate shower and tub, and a large walk-in closet. 3-car tandem garage which means plenty of space for storage, and a water softener too! The home has been freshly painted from top to bottom with one of the most popular neutral colors from Dunn Edwards. Spacious covered back patio with pavers extending to a separate lounge area. Ample backyard space with just the right amount of vegetation including a grapefruit and fig tree. Jacuzzi and gazebo are included in the sale! Community amenities include 2 pools, multiple parks, fitness center, clubhouse, tennis/pickleball courts, basketball court, and a dog park. Tons of shopping and dining options nearby, including a Fry's grocery store less than a half mile away and a Walmart within 1.5 miles. Come take a look today to see what this home and the Mulberry community has to offer, and you will fall in love!

2258 E Soft Wind Drive Phoenix, AZ 85024

$565,000
3 Beds
2 Baths
1,518 SqFt
Status Active Under Contract
MLS # 6744749
Property Type Single Family Residence
Price Type --
Welcome to this charming North Phoenix home, offering 1,518 square feet of comfortable living space. This three-bedroom, 1.75-bath residence features vaulted ceilings and an open floor plan that creates a spacious and inviting atmosphere. The updated kitchen is a highlight, boasting elegant granite countertops and modern amenities, while luxury vinyl flooring flows throughout the home. Situated on a large corner lot, this property provides stunning mountain views and ample outdoor space. Perfectly located near hiking trails, mountain biking paths, and the vibrant communities of Cave Creek and Desert Ridge, this home offers the ideal blend of tranquility and convenience. Don't miss out on this opportunity to enjoy the best of North Phoenix living!

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