Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller’s 20City Home Price Index. Home prices rose from September’s annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September’s reading.

West Continues to Lead Home Price Growth

Top home price growth rates were in Seattle, Washington at 10.70 percent, Portland, Oregon at 10.30 percent and Denver, Colorado with a seasonally-adjusted annual price increase of 8.30 percent. New York, New York had the lowest home price growth in October with a reading of 1.70 percent.

In a separate report, December consumer confidence exceeded expectations with an index reading of 113.70 as compared to an expected reading of 110.00 and November’s reading of 109.40. This was the highest reading for consumer confidence since 2001. Analysts said that the strong reading for consumer confidence was a sign that consumers will increase their spending in 2017, but what will happen with mortgage rates is a big question.

Rising Mortgage Rates May Slow Home Prices, High Demand for Homes

With the Federal Reserve’s decision to raise its target federal funds range in December comes a question of how rising mortgage rates will affect housing markets. Rising fed rates typically lead to increases in consumer lending rates including rates for home loans and refinancing. Combined effects of rising home prices and mortgage rates create challenges for first-time and moderate income home buyers. While higher mortgage rates have not impacted buyer demand so far, rising mortgage rates could sideline some buyers.

A recent compilation of the most expensive places to live in America illustrates the imbalance of home prices as compared to consumer incomes. Brooklyn, NY topped this list with a reading of 127.70 percent of average household income earned in Brooklyn to buy an average priced home in Brooklyn. Analysts reporting this data noted that many Brooklyn homeowners work in Manhattan and earn more than those who work in Brooklyn. Disparities in average home prices and home buyer incomes could “trickle down” to less expensive areas if mortgage rates and home prices continue to rise.

Meanwhile, builder confidence is strong and is expected to lead to higher levels of home construction in 2017.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

10757 N 74th Street Unit 2012 Scottsdale, AZ 85260

$639,000

3 Beds

2 Baths

1,932 SqFt

Status Active

MLS # 6707453

Property Type Townhouse

Price Type --

Over 100k in upgrades, listed below market value!! Complete remodel. Recent comp in same complex sold July 2024 for 691k with no upgrades. 3 bedroom, 2 bath, 2 car garage in the perfect location. Newly updated with new plank and tile floors, new cabinets with soft close doors and drawers, all new light fixtures including LED can lights, new faucets, new sinks, updated showers with glass doors, new freestanding tub. This is a master bedroom split floorpan, open kitchen with dining area, great room with electric fireplace and electrical on wall for your flat screen TV. New 18 bottle wine fridge in kitchen, large island with navy cabinets with gold hardware, extra storage and waterfall countertops. Click for more. 2 car garage has upgraded metallic epoxy floors. New paint everywhere. Large bedrooms to fit king beds and furniture. Big fans in each bedroom with remote controls. Each bedroom has a walk-in closet with shelves, the master has and drawers with locks. Each bathroom has new cabinets, new light fixtures with new black framed mirrors. White wood shutters on the dual pane insulated windows along with insulated walls for dramatically sound reduction. There is a separate large laundry room with front load washer and dryer with new cabinets and more storage behind the door. There are 2 balconies, one is a large covered balcony big enough for a comfortable patio seating set and the other balcony is uncovered. Close to the 101 freeway, great restaurants, grocery stores and entertainment. Townhome is north south exposure. You'll love this! Community has a private community pool and common areas are always clean. Please come see and enjoy. open to offers Recent comps 6712827, no upgrades for $691k at $358.22 per sqft. 6761912, no upgrades for $550k at $388.97 per sqft.

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1111 N High Point Drive Prescott, AZ 86305

$639,000

1 Bed

1 Bath

960 SqFt

Status Active

MLS # 6776096

Property Type Single Family Residence

Price Type --

Escape to this beautifully remodeled cabin in the serene pine setting of Highland Pines, where tranquility awaits. This charming one-bedroom, one-bath retreat offers an open floor plan, making the most of its cozy footprint. Inside, you'll find the tongue and groove beamed ceiling complemented by new wood flooring throughout, creating a warm and inviting atmosphere. The top-of-the-line chef's kitchen includes quartz counters, built-in shelf microwave and a professional KUCHT range with double ovens and. The great room opens to the deck through three glass folding doors, allowing natural light to pour in. The bathroom, completely renovated with a new bidet featured toilet and high-end marble subway-tile wainscotting and shower surround. The expansive deck provides amazing, sweeping views. The unobstructed views of the Prescott National Forest and Thumb Butte, offers the perfect spot for outdoor relaxation and entertaining. The home also boasts a newer roof for added peace of mind. A major bonus is the newly installed alternate septic system, which is designed to accommodate an additional two bedrooms and another bath. Whether you choose to expand with a single-level addition or explore a split-level or multi-level design, the spacious homesite offers flexible options for future growth. This property is easily accessible via paved roads and is served by a private water company, eliminating any concerns about water supply. For the right buyer, this is an incredible opportunity to own a piece of paradise with endless potential to make it your own.

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4010 S Big Horn Place Chandler, AZ 85249

$639,000

4 Beds

3 Baths

2,569 SqFt

Status Active

MLS # 6777912

Property Type Single Family Residence

Price Type --

If you're in search of a home that combines a fantastic location inside the beautiful tree lined community of Old Stone Ranch, you're in luck! This loved home features 4 beds 3 full baths,+ den w/glass French doors. Cozy upstairs loft (w/full bed & bath up). Inviting kitchen opens to great rm Newer Samsung refrigerator, large island with granite counters and tons of storage through out. The oversized laundry rm has both upper and lower cabinets & even space for crafting. Low maintenance desert landscape front yard, private backyard backing greenbelt boasts artificial lawn, mature trees offer evening shade + sitting area. Equal distance to downtown Chandler and Gilbert with quick access to the 202 San tan freeway & outdoor shopping mall. Welcome home to your sanctuary!

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1903 E Ayden Court Payson, AZ 85541

$639,000

3 Beds

2 Baths

1,610 SqFt

Status Active Under Contract

MLS # 6757095

Property Type Single Family Residence

Price Type --

Nestled in the highly sought-after, newer subdivision of Chaparral Vista, in a peaceful cul de sac located off Tyler Parkway. This stunning brand-new all electric home boasts 3 spacious bedrooms and 2 luxurious bathrooms, designed with modern elegance and functionality in mind with too many upgrades to list here. To see a full list see documents. The wrap-around deck is a standout feature, providing an ideal setting for outdoor entertaining or simply relaxing while enjoying the serene surroundings. Inside, every detail has been meticulously curated with high-end upgrades that elevate the living experience. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating a perfect space for both everyday living and special gatherings. The kitchen is a chef's delight, featuring state-of-the-art KitchenAid appliances, sleek quartz countertops, and custom cabinetry. The master suite is a tranquil retreat, complete with a beautifully appointed en-suite bathroom featuring premium fixtures and finishes. The additional bedrooms are generously sized, offering comfort and versatility for family, guests, or a home office. With its blend of contemporary design, thoughtful upgrades, and a picturesque wrap-around deck, this home in Chaparral Vista offers an exceptional living experience. Buyer to verify property taxes with Gila County.

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22520 E Rosa Road Queen Creek, AZ 85142

$639,000

4 Beds

2 Baths

2,139 SqFt

Status Active

MLS # 6786228

Property Type Single Family Residence

Price Type --

**Upgrades throughout** in A dream home in the highly sought-after Spur Cross subdivision! This stunning 4-bedroom, 2-bathroom residence showcases an open floor plan with expansive living spaces and a breathtaking kitchen perfect for entertaining. Step outside to your private oasis featuring a custom pool equipped with the advanced QuickPure3 system and lush AstroTurf for low-maintenance beauty. The home boasts spacious, light-filled bedrooms, upgraded lighting, and custom finishes throughout. The epoxy-coated garage floor adds durability and style. Enjoy the community's top-notch amenities, including a pool and sports courts, all while being conveniently close to dining, shopping, and entertainment. This home embodies luxury, comfort, and convenience—don't miss out!

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10498 E Cochise Avenue Scottsdale, AZ 85258

$639,000

2 Beds

2 Baths

1,781 SqFt

Status Active

MLS # 6735402

Property Type Townhouse

Price Type --

This 55+ neighborhood is in a fantastic location with proximity to Via Linda Senior Center, Scottsdale Ranch Park Tennis Club, 101 and shopping! This 2 bedroom 2.5 bath home has vaulted ceilings and skylights everywhere! There is so much natural light! The totally split floorplan makes it great for guests and the additional room could be converted to a third bedroom! There is a large inside laundry with room for folding and two car garage with built -in cabinets for your collectibles! The community has two beautiful pools and tennis courts for your enjoyment. This home is priced to sell and ready for all your personal touches. Come see this home today!

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2801 E Osborn Road Phoenix, AZ 85016

$639,000

3 Beds

2.5 Baths

2,110 SqFt

Status Active

MLS # 6761770

Property Type Single Family Residence

Price Type --

This cute home is located in the vibrant Arcadia Lite neighborhood of Phoenix! This property sits on a large lot with ample on-site parking behind a secure remote-controlled gate. Inside, the home feels cozy and inviting with a large living room, featuring an updated kitchen with modern finishes and convenient bar seating, perfect for casual dining or entertaining guests. The extended garage has AC & includes a built-in workbench area, ideal for car enthusiasts or hobbyists. Enjoy the convenience of being in the heart of Arcadia Lite, just minutes from popular dining, shopping, and entertainment. This property offers the perfect blend of comfort, functionality, and prime location!

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8608 E Mariposa Drive Scottsdale, AZ 85251

$639,000

3 Beds

2 Baths

1,688 SqFt

Status Active

MLS # 6769267

Property Type Single Family Residence

Price Type --

LOCATION LOCATION LOCATION, This couldn't be better. High demand neighborhood with no HOA. Move in ready, freshly painted, lovely flooring, large bedrooms, facing north/south. Grassy area in backyard, RV Gate for all your toys. Close to Chaparral Park with lake, walking and bike paths dog park. Minutes to Scottsdale Fashion Square as well as Old Town Scottsdale, and EASY ACCESS to 101.

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1700 E Lakeside Drive Unit 58 Gilbert, AZ 85234

$639,000

3 Beds

3 Baths

2,517 SqFt

Status Active Under Contract

MLS # 6753691

Property Type Townhouse

Price Type --

Spacious home with courtyard entry in gated resort community of Val Vista Lakes! TWO PRIMARY SUITES plus another bedroom and LOFT! One primary suite w/remodeled bathroom downstairs and other primary suite w/ bathroom upstairs. 3rd bdrm is downstairs next to remodeled hall bath. Vaulted high ceilings as you enter with a spacious living area and views to the back patio. Luxury vinyl wood flooring throughout the downstairs, carpet on stairs and upstairs area. Fresh looking kitchen with white cabinetry & countertops, and farm sink with views to courtyard. Large eat in kitchen area too! This home is ideally located just steps away from the clubhouse and you can walk to the ramada and enjoy views of the lake! Living in Val Vista Lakes is resort style living with all the amenities it offers!

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11846 N 93rd Street Scottsdale, AZ 85260

$639,000

3 Beds

2 Baths

1,192 SqFt

Status Active

MLS # 6773400

Property Type Townhouse

Price Type --

Discover the charm of this delightful 2-bedroom townhome in Scottsdale Vista! Starting with a 2-car garage & a lovely courtyard. The inviting interior features designer paint, tons of natural light, recessed lighting, and wood-look tile flooring. You'll LOVE the large living room with vaulted ceilings & sliding doors to the back! The impressive kitchen boasts SS appliances, granite counters/backsplash, a breakfast nook, and wood cabinetry w/crown molding. Cozy den for an office! Main bedroom has outdoor access & a private bathroom. Check out the private backyard with a covered patio to relax or enjoy BBQ! It also includes access to the Community pool behind, promising year-round enjoyment. PLUS! Conveniently close to schools, shopping, dining, & more. Easy access to 101 Fwy! Welcome home!

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17410 N Country Club Drive Sun City, AZ 85373

$639,000

2 Beds

2 Baths

2,527 SqFt

Status Active

MLS # 6776222

Property Type Single Family Residence

Price Type --

Absolutely stunning home located on Union Hills Golf Course! Private front courtyard leads to double entry doors with views of the course and best of all: a water view! Enjoy your new carefree Sun City lifestyle in this home packed with updates! Newer kitchen, windows, master bath and owned solar! Commanding views of the golf course will inspire you to relax and entertain on your custom patio with outdoor kitchen. Enjoy the chill of the evening while chatting with your guest around the custom firepit patio table. The expansive living space indoors features a unique open concept design yet caters to those that are desiring smaller more intimate spaces. Updated custom kitchen with beautiful finishing detail! Master suite will wow with immense walk in closet & doors to patio! Don't miss this List of improvements: Outdoor Kokomo Kitchen, Island and Patio cover $24,000 Complete remodel of Master Bath & Closet $26,000 Ceiling Fans throughout home $2,000 New Dining Room lighting $2,000 Added Temperature control (AC) in Garage $800 Extended Patio Pavers $4,000 Expanded concrete driveway $4,500 Kitchen Remodel, New Countertops & backsplash $8,400 New Vinyl Flooring throughout $15,000 Expanded openings & doorways $2,500 Interior painted in 2024 $3,200 Fenced in backyard (metal) $4,200 New pavers in front courtyard $8,000 _________ Total $104,600 Features: Fully owned and paid up Solar (39 Solar Panels) -Banking Credits during Fall, Winter, Spring. Avg APS bill $10.00 Golf Course lot between 12th Green & 13th Tee on Union Hills Golf Course Updated windows, Stucco, New Roof (2021) Private Patio in front and privacy on Back Patio with Golf Course Views and Plenty of mature trees. Spa on front patio negotiable Back Yard Xeriscaping - does not require water Updated front watering system

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12940 N Northstar Drive Fountain Hills, AZ 85268

$639,000

2 Beds

2.5 Baths

1,502 SqFt

Status Active

MLS # 6748159

Property Type Single Family Residence

Price Type --

High ceilings and plantation shutters give this 2-bedroom, 2.5 bath open-concept condo a spacious feel. You'll love the large screen porch with sun-blocking shades, patio, colorful landscaping, and beautiful view of the mountains beyond. The primary bedroom is spacious and both bedrooms feature an ensuite bath and walk-in closet. The kitchen and large laundry room/pantry provide plenty of storage. A gas fireplace separates living and dining areas. And the powder room is plus! Centrally located in the heart of Fountain Hills, The Enclave is a gated, dog-friendly community with a pool - walkable to ''everything downtown.''

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