The Great News About Rising Prices for Homeowners

The Great News About Rising Prices for Homeowners | Simplifying The Market

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

The Great News About Rising Prices for Homeowners | Simplifying The Market

 

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options!  Give me a call – J.P. Cook – 602-320-4253.

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1535 W Wagon Wheel Drive Phoenix, AZ 85021

$1,735,676
4 Beds
4.5 Baths
3,647 SqFt
Status Active
MLS # 6717216
Property Type Single Family Residence
Price Type --
Last new-build opportunity at Willow, Camelot Homes new gated community located in North Central Phoenix. Tucked behind the bridle path located on 15th Ave between Glendale and Northern, with breathtaking views of Piestewa Peak. You'll have the opportunity to work with an award winning design team to build the home of your dreams. Buyer's choice landscape not included in pricing.

7705 E Doubletree Ranch Road Unit 19 Scottsdale, AZ 85258

$1,733,000
3 Beds
3 Baths
2,052 SqFt
Status Active
MLS # 6764873
Property Type Single Family Residence
Price Type --
This exceptional 3-bedroom, 3-bath golf course property in Arroyo Vista Gainey Ranch is a true oasis, complete with a charming separate casita for guests. Nestled on the 7th hole, it offers stunning views that will take your breath away. As you step inside, you're greeted by a warm and inviting atmosphere, highlighted by beautiful wood windows, doors, and trim that flow seamlessly throughout the home. The open floor plan is perfect for both relaxation and entertaining. The chef's kitchen is a culinary dream, featuring rich Alder cabinetry, soaring beamed ceilings, gas cooking, grand luxurious granite countertops. The immense island provides ample space for meal prep and casual dining, while the high-end Subzero refrigerator/freezer and multiple wine and beverage refrigerators ensure you have everything you need for hosting gatherings. Additional highlights of the home include spacious bedrooms with, ample natural light, and a well-designed layout that maximizes both comfort and functionality. Step outside to your outdoor oasis, where you can enjoy the serene views and lovely Arizona sunsets. This property is not just a home; it's a lifestyle. Don't miss the chance to experience all that this stunning residence has to offer!

2638 W Black Ridge Lot 29 Trail Prescott, AZ 86305

$1,730,500
3 Beds
3 Baths
2,861 SqFt
Status Active
MLS # 6768297
Property Type Single Family Residence
Price Type --
Welcome to the breathtaking views of Prescott Arizona'.This Amazing lot is primed for this Mountain Modern Home that blends naturally with the beauty of Prescott's unique landscapes. Featuring 2861 sf this 3 Bed 3 Bath with an office is a perfect fit. This spacious lot offers the perfect elevation for a home with Expansive Windows, capturing Panoramic Views. Imagine evenings spent on a Secluded Patio, gathered around a fire pit under the Arizona Night Sky. This home's varied rooflines echo the rugged terrian, blending contemporary design with the natural environment. IT IS NOT JUST A HOME; IT IS A LIVING EXPERIENCE!! With Crystal Creek Builders, your vision is paramount. Tailor your design and materials to your unique vision and we'll build your dream home on this exceptional lot.

1710 W Glacier Way Chandler, AZ 85248

$1,725,000
3 Beds
3 Baths
2,796 SqFt
Status Active
MLS # 6765936
Property Type Single Family Residence
Price Type --
Stunning lakeside home located in a highly sought-after Ocotillo gated community in South Chandler. Walk through the gate into a charming courtyard with cozy sitting area and open the custom 10' steel front door to find smooth walls & soaring 12' coffered ceilings offering an airy & elegant atmosphere. The great room features German-engineered Nana Wall collapsible doors that frame breathtaking views of the lake & seamlessly open to the patio creating a large space perfect for relaxation & entertaining guests in style. A surround sound system extends t/o the home including the front & back yards. The kitchen will delight any gourmet with its top-of-the-line GE Monogram appliances including a built in pizza oven & ice maker. The quartzite countert with stunning waterfall edge add beauty & functionality. Adjacent to the kitchen is the dining area where you can enjoy your meals while taking in the picturesque lake views. The glass-enclosed office features built in cabinetry with marble countertops, and is a bright space that's ideal for remote work or creative pursuits. The large master suite is a spacious spa-like retreat featuring a cozy fireplace and luxurious bathroom with walk-in shower with rain head, & an amazing 53-jet Hydrospa tub with fireplace and TV wall for the ultimate in relaxation. The crown jewel of this home is the oversized premium lakeside lot boasting a sparkling pool & a ramada that provides a wonderful spot to relax & soak in the amazing sunsets. The outdoor space with built in grill and surround sound is also great for entertaining. Add to this, just steps away is your own private access to the lake where you can boat, kayak or fish. If you're looking for the perfect turn-key home in a wonderful neighborhood, you need look no further.

6525 E Cave Creek Road Unit 14 Cave Creek, AZ 85331

$1,725,000
2 Beds
3.5 Baths
2,775 SqFt
Status Active
MLS # 6779783
Property Type Single Family Residence
Price Type --
Nestled in the exclusive enclave of Hidden Rock, this luxurious two-story residence in Cave Creek seamlessly blends contemporary design with the natural beauty of the desert surroundings. This beautiful home boasts a spacious layout, featuring two bedrooms, three and a half baths, a bonus room, and a two-car garage. The main level showcases wood flooring, a front guest bedroom with a private bath and walk-in closet, an open kitchen with top-of-the-line stainless steel appliances, a formal dining area, and a great room with a contemporary built-in electric fireplace and shelving. The master suite, with sliding barn doors, offers a walk-in closet with built-ins and a full en-suite bath with dual sink vanities, a soaking tub, and a seamless walk-in shower. Additional conveniences on this level include a laundry area and a powder room. Take the stairs to the upper level, where a lounge area leads to a front viewing deck with breathtaking mountain views. An expansive bonus room awaits, perfect for a theater or entertainment space, with an adjacent full bath. The rear-view deck offers more mountain vistas and features a built-in BBQ, eat-up bar, sink prep area, mini-fridge, and an electric fireplace. The beautifully landscaped backyard extends the length of the home, and provides plenty of privacy while offering incredible views surrounding the home. The property is thoughtfully designed with block and view fencing that harmonizes with the desert surroundings. Residents can also enjoy a community pool and spa. Just minutes from downtown Cave Creek, this home offers easy access to world-class retail shops, art galleries, and dining, making it the epitome of luxurious desert living.

26615 N 71st Place Scottsdale, AZ 85266

$1,725,000
5 Beds
4.5 Baths
4,188 SqFt
Status Active
MLS # 6765804
Property Type Single Family Residence
Price Type --
Custom single-level home on over an acre. Gourmet kitchen complete w/upscale stainless steel appliances, granite countertops/island, ample cabinets/storage & large walk in pantry. Resort style backyard w/pebble tech heated pool/spa, built-in grill, fireplace, large grass area, mature trees & oversized covered patio. Master suite features gas fireplace, french doors leading to backyard, stunning bathroom w/dual sinks, marble countertops, separate tub/shower, & spacious walk in closet. All 5 bedrooms are ensuite. Hardwood floors in all bedrooms as well as living & dining rooms. Travertine tile in halls, bathrooms, kitchen, family room & outdoor patio. Oversized three-car garage. NO HOA!! Great location in North Scottsdale near world class golf, restaurants, shopping, hiking & more!

3791 W Highway 80 Highway Bisbee, AZ 85603

$1,725,000
4 Beds
2 Baths
2,523 SqFt
Status Active
MLS # 6121153
Property Type Single Family Residence
Price Type --
Seller will carry with $950K down and up to 8 years! FOUR registered wells in all, surface water rights & possible mineral rights are included with this majestic 168 acre historic mountain ranch, appropriately named Rocky Creek Ranch. Upon crossing over Banning Creek via the driveway's bridge and under a lush canopy of mature trees, it's like you've stepped back in time as you approach several rustic outbuildings, 2 historic homes including the charming Rock House w/ concrete walls, corrals, windmills & lush grassy meadows that teem with wildlife. Nestled in Bisbee's beautiful Mule Mountains along the jaw-dropping stretch of Hwy 80, magnificent rock formations, waterfalls & seasonal streams abound. ~20 miles East of Fort Huachuca, home to the Buffalo Soldiers.

10432 E Winter Sun Drive Scottsdale, AZ 85262

$1,725,000
3 Beds
3.5 Baths
3,952 SqFt
Status Active
MLS # 6720599
Property Type Single Family Residence
Price Type --
Motivated Seller so briing your offer on this private DREAM home in the gated Cresta Norte! Nestled on a HUGE an acre and an half lot on a cul-de-sac, this stunning property has all the bells & whistles. Surrounded by breathtaking mountain views and a private yard with a serene & picturesque backdrop. Displaying a desert landscape, private courtyard, and a split 3-car garage w/epoxy floors & cabinetry. The double-door front entry opens a spacious living & dining room combo! Continue onto the inviting family room adorned with a fireplace for chilly nights. Tall ceilings add to the airy feel, complemented by plantation shutters, chic light fixtures, designer paint, tile & wood-look flooring, and large windows for tons of natural light. Pre-wired surround sound for the ultimate audio experience! For added functionality, this gem comes with a bonus room & a cozy den, both of which provide versatility! Double-door main bedroom has a lavish ensuite with a soaking tub, separate shower, two vanities, & two walk-in closets. PLUS! Another one bedroom includes its own full bathroom, perfect for the guests. But the true highlight is the RESORT-SYLE backyard! With a covered patio, a built-in BBQ, & a sparkling pool, this space promises year-round enjoyment. Immerse yourself in the tranquility and natural beauty that embraces this serene residence. Explore it! Love it! Live it!

2386 E Redfield Road Gilbert, AZ 85234

$1,725,000
5 Beds
4.5 Baths
3,994 SqFt
Status Active
MLS # 6760289
Property Type Single Family Residence
Price Type --
Looking for the perfect ACRE home, look no further this home has it all! Beautifully upgraded 5 bd, 4.5 baths. 3 bedrooms are ensuite with private baths perfect for guests or teens. Alexa smart home. Huge owner's suite with soaking tub, dual vanities and walk in closet. Remodeled kitchen with white cabinetry, stainless steel appliances, custom backsplash and breakfast bar. New tile floor in all the right places, freshly painted, new low E double pane windows, all new electrical, raised 8 ft ceilings and the list goes on. Permitted 1440 sq ft custom RV garage with Clopay RV garage door and 15 ft glass accordion sliding door. Beautiful remodeled pool with custom rock waterfall with built in slide. Just minutes to downtown Gilbert, shopping, dining and freeway for easy access.

8171 E Juan Tabo Road Scottsdale, AZ 85255

$1,725,000
5 Beds
4 Baths
3,690 SqFt
Status Active
MLS # 6764308
Property Type Single Family Residence
Price Type --
Explore this breathtaking home nestled in the sought-after North Scottsdale area. As you enter, you'll be welcomed by European White oak floors, and a living room centered around a stunning floor-to-ceiling marble slab gas fireplace. Prepare to be wowed by the dazzling designer kitchen, featuring custom cabinetry and exquisite Quartzite slab countertops. Equipped with a premium Sub Zero-Wolf appliance suite and a Wolf gas range, this chef-inspired space promises to elevate your culinary adventures. The kitchen opens into an inviting family room with direct access to the patio and backyard. The master suite boasts a large sitting area, perfect for unwinding after a busy day. Step outside to the expansive covered patio, complete with a fireplace, where you can enjoy stunning views of of the resort-style saltwater pool and spa. The outdoor area also includes a built-in BBQ, ideal for hosting memorable gatherings and enjoying to beautiful Arizona winter nights. Further enhancing its appeal, the three-car garage features epoxy flooring and plenty of storage, combining functionality with convenience. This remarkable home showcases exceptional craftsmanship and attention to detail, offering an unmatched living experience.

10855 E Elba Way Scottsdale, AZ 85262

$1,725,000
6 Beds
5.5 Baths
5,358 SqFt
Status Active
MLS # 6740974
Property Type Single Family Residence
Price Type --
Bring all offers. Welcome to your dream home in Scottsdale's prestigious Treviso community, nestled near the renowned Mirabel Golf Course. This exquisite Toll Brothers residence embodies luxury, privacy, and exceptional craftsmanship. As you approach this magnificent property, you'll immediately notice its impressive presence. The added benefit of an attached Casita featuring a private entrance—perfect for guests or a home office. Step inside to discover an expansive interior with high ceilings and elegant finishes. The backyard is a true retreat, offering unparalleled tranquility with its stunning views of the desert landscape and majestic mountains. Facing the Preserve, you can rest assured that your views will remain unobstructed, offering a serene and private outdoor living spac

8667 E Lariat Lane Scottsdale, AZ 85255

$1,725,000 - 3Br/3Ba -  for Sale in Vistana, Scottsdale
Open House
New
$1,725,000
3 Beds
3 Baths
2,838 SqFt
Status Active
MLS # 6771100
Property Type Single Family Residence
Price Type --
This is a stunning, fully updated home. Every detail has been thoughtfully remodeled, from the kitchen & bathrooms along with windows, flooring, roof, pool,& landscaping. The kitchen features two-tone custom cabinetry, Taj Mahal countertops, a center island with a walnut breakfast bar, floating shelves, a coffee bar, a dual-zone wine closet, & a premium appliance package. The primary bedroom has backyard access & a luxurious en-suite bathroom. Two spacious bedrooms, one with an en-suite, and a flex room perfect for a gym, office, or extra bedroom complete the layout The resort-style backyard is a chef's paradise, featuring a built-in BBQ, griddle, Kamado Joe smoker, refrigerator & bar seating. The revamped pool includes a Baja deck & spa. Gather around the fire pit & enjoy Mtn views.

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