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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6045 E Cholla Lane Paradise Valley, AZ 85253

$4,950,000
5 Beds
3 Baths
3,402 SqFt
Status Active
MLS # 6759835
Property Type Single Family Residence
Price Type --
This Mid-Century Modern is truly a one of kind work of art situated on Camelback Mountain. Escape into the peace and tranquility of a home built to be a part of the Mountain with your own personal botanical garden and views from Camelback to Four Peaks. Awake each morning to spectacular sunrises and watch the desert come alive every day. In the evening retreat into your private backyard looking up at Camelback Mountain. This jewel box was built to optimize the views from every room and create a true retreat in the heart of Paradise Valley. Walk to world class resorts, restaurants, hike on the Cholla Trail, or relax into your spa and take in the views. This understated luxury home embodies what it is to live on the Iconic Camelback in the Arizona desert

11432 E Apache Vistas Drive Scottsdale, AZ 85262

$4,950,000
4 Beds
4.5 Baths
4,559 SqFt
Status Active Under Contract
MLS # 6781180
Property Type Single Family Residence
Price Type --
This Platinum built masterpiece on perhaps the best golf course lot in Desert Mountain offers mountain, sunset, city light & golf course water views with a full golf membership. The modern transitional design combines luxury & craftsmanship showcasing every detail which has been thoughtfully customized to evoke a sense of warmth and style. The well-appointed kitchen features Wolf & Subzero appliances including 4 ovens and a convection steam oven. The butler's pantry leads to the generous walk-in pantry and formal dining room. The great room boasts soaring ceilings & spectacular vistas that beckon you to the expansive patios & outdoor living spaces with a heated negative edge pool, spa, multiple fire features and an outdoor kitchen complementing the 15th green and pond on the Apache Course

9940 E Aleka Way Scottsdale, AZ 85262

$4,950,000 - 4Br/5Ba -  for Sale in Mirabel Village 14, Scottsdale
New
$4,950,000
4 Beds
4.5 Baths
4,802 SqFt
Status Active
MLS # 6786804
Property Type Single Family Residence
Price Type --
Discover refined luxury in this newly completed, never-occupied 4,802 sq. ft., modern estate in the exclusive Mirabel golf community. Built by MDF Development and architect Matt Thomas, this distinct single-level home offers 4 bedrooms, 4.5 bathrooms, and a den or office. Expansive glass doors blend indoor and outdoor living, with stunning desert and expansive mountain views. The gourmet kitchen features top-tier appliances and a spacious island. Enjoy a private heated pool, spa, and covered patio with outdoor kitchen. Located on a quiet cul-de-sac with other similar, newly constructed homes and the convenience of an immediate coveted golf club membership available. Experience the vibrant North Scottsdale lifestyle, with fine dining, shopping, and outdoor recreation just moments away.

6215 E Turquoise Avenue Paradise Valley, AZ 85253

$4,950,000
7 Beds
10 Baths
9,092 SqFt
Status Active
MLS # 6709896
Property Type Single Family Residence
Price Type --
Nestled within the prestigious enclave of Paradise Valley, this multigeneration home is luxury living at its finest. Grand courtyard entrance w/outdoor gas fireplace. Gourmet kitchen outfitted with Wolff gas stove, Miele Espresso machine, Sub-Zero Refrigerator, granite countertops with built in beverage ice tubs, pantry. Office w/private entrance, & ensuite. Private primary retreat featuring jet tub, double entrance steam shower, his and hers walk-in closets. Basement (1,745 sqft) equipped w/media room, climate-controlled 900 bottle wine cellar, billiard room with bar, bathroom and bedroom. Outdoor living w/putting green, sports court, grotto slide pool, spa, gazebo w/kitchen. Detached casita w/fitness room, infrared sauna, hair salon, 2 baths,1 bdrm, kitchen. Also, for lease $21,750. Main House - 5,872 sq.ft., Attached Guest Suite - 669 sq.ft., Detached Casita - 805 sq.ft., Basement 1,746 sq.ft. See Floor plan with measurements in Documents Tab.

18826 N 101st Place Unit 10 Scottsdale, AZ 85255

$4,900,000
3 Beds
3.5 Baths
3,693 SqFt
Status Active
MLS # 6699585
Property Type Single Family Residence
Price Type --
Discover refined elegance in this single-level residence ideally situated in Horseshoe Canyon near the prestigious Silverleaf Club. The charming front courtyard features a soothing water fountain and sitting area, setting the tone for the luxury within. Inside, the great room boasts a gorgeous tongue and groove wood ceiling and grand pocketing doors leading to the stunning outdoor living area. The gourmet kitchen is equipped with granite counters, Viking appliances, and an expansive butler's pantry with additional ovens and refrigerator drawers for seamless entertaining. The principal suite offers tranquility with a spacious bedroom, small refrigerator, dual sinks, separate shower, jetted tub, and large walk-in closet. Two additional en suite bedrooms provide comfort, while a ... sizable office with courtyard access ensures working from home is a breeze. Outside, the resort-style living area is an entertainer's dream, featuring a pool and spa, firepit, and BBQ center under a picturesque gazebo. The covered patio offers elegant dining options, complemented by roller shades and an outdoor fireplace for year-round enjoyment. A pristine synthetic turf lawn adds a touch of green luxury. The home also features travertine and hardwood floors throughout, a subzero wine chiller, a well appointed laundry room with sink, and powder bath. Experience sophisticated living in this exceptional luxury residence.

14545 E Rincon Creek Ranch Road Tucson, AZ 85747

$4,900,000
14 Beds
16 Baths
14,462 SqFt
Status Active
MLS # 6710405
Property Type Single Family Residence
Price Type --
Welcome to your dream come true! Whether that dream includes providing brides with their fairytale weddings; hosting exciting corporate retreat adventures; catering a high end spa and/or spiritual experience; furnishing a quiet escape for high profile individuals; operating a quaint bed and breakfast; or even creating a family compound for generation after generation to enjoy, this property is equipped to bring any of these scenarios, or whatever your vision may be, to fruition. Rincon Creek Ranch boasts a completely remodeled 4772 sq. ft. main ranch house surrounded by an acre of lush lawn and mature mesquite trees adorned with fairy lights, as well as 60 foot pines; ramada/dance floor illuminated by chandeliers and string lighting; seven newly built, upscale Southwestern style casitas ranging from 915 to 1192 sq. ft. each; a shop; detached garage; carports; coop and aviary; BBQ area; swimming pool; pastures; and a Spanish Mission style event hall inclusive of a gathering room, galley kitchen, two restrooms, and a carpeted massage room and rubber-floored exercise room - both with separate entrances. This 87-acre property has numerous vistas and sanctuaries in which to enjoy breathtaking mountain and desert views and abundant wildlife sightings. Rincon Creek Ranch shares a half- mile border with the Saguaro National Park and has direct, legal, gated access into the Park. The whole of the property encompasses the stunning beauty of the Sonoran Desert. Although situated for consummate privacy, the Ranch has quick access to Tucson International Airport and is within a short driving distance of many tourist destinations, recreational activities, cultural and art exhibits, and restaurants. Realize your dreams with Rincon Creek Ranch - the possibilities are endless!

9333 E Pinnacle Vista Drive Scottsdale, AZ 85262

$4,900,000
5 Beds
4 Baths
6,022 SqFt
Status Active
MLS # 6663839
Property Type Single Family Residence
Price Type --
360 views on nearly 7.5 acres in North Scottsdale overlooking Pinnacle Peak, The McDowell's and Camelback! The main home features 4 bedrooms and 3 baths. Guest casita has 1 bedroom, 1 bath at 864 sq ft with full kitchen and laundry. As you enter you are welcomed by floor to ceiling windows with breathtaking views, natural desert, and distant city lights. Store your favorite wines in the temperature controlled custom wine wall. This completely updated home includes a gorgeous kitchen complete with a white marble waterfall island, walnut bar-top counter, top of the line appliances and custom cabinetry. These views are a must see!

8788 E Branding Iron Road Carefree, AZ 85377

$4,900,000
7 Beds
6.5 Baths
8,132 SqFt
Status Active
MLS # 6773339
Property Type Single Family Residence
Price Type --
Exceptional Desert Contemporary w/ 360-degree mountain views. Atop nearly 15 acres of pristine land nestled within the natural desert surround, offering immense PRIVACY. Gourmet kitchen w/ WOLF, Subzero & Cove appliance package, soaring ceilings, curved walls, sauna, exercise room, office & basement, coffered ceiling details, electronic roller-shades through-out home, Detached guest house w/ full kitchen & living room, fireplace, 2 bedrooms, W&D, 1 car garage 30 x40 separate garage/workshop w/ Heat, AC & exhaust fan, gated paved driveway, Elan AAA security system, negative edge pool, spa, boulder water & slide, putting green & large synthetic grass areas, multiple covered patios. Generator, Private Well, Forest of Saguaros. Main House is 6,753 sq ft and Guest house is 1,379. NO HOA.

29672 N 77th Place Scottsdale, AZ 85266

$4,900,000
6 Beds
6.5 Baths
6,430 SqFt
Status Active
MLS # 6760786
Property Type Single Family Residence
Price Type --
Totally reimagined in 2023/24, this luxurious North Scottsdale estate is situated on 1.78 acres in an exclusive, gated community of 5 homes. This home captures the incredible views surrounding its peaceful & serene setting. An expansive split floor plan w 5 spacious bedrooms, 5 1/2 baths, game area & full wet-bar in the main house (AC 4 car garage) & a guest house/casita w/ 2 bedrooms (1 is an exercise room), bath, kitchenette & living area. Gourmet kitchen includes Quartzite counters, custom Alder wood cabinetry & Miele, Wolf, Sub-Zero appliances. A 1600 sf covered patio offers you sunrises over the majestic McDowells & sun sets over the Valley all while you are having coffee, gathering friends in the evening, swimming or playing tennis on your private lighted court. No expense spared on this magnificent home! You will love all the amenities of this home & the incredible outdoor/indoor living it offers. Minutes from Carefree and North Scottsdale dining, shopping and entertainment.

11475 E Paradise Lane Scottsdale, AZ 85255

$4,899,000
5 Beds
5.5 Baths
6,782 SqFt
Status Active
MLS # 6690112
Property Type Single Family Residence
Price Type --
If you love to ENTERTAIN, this REMODELED custom estate with mountain views from almost every window is for you! Located on a 1.2 acre hillside lot on a cul-de-sac in the guard gated community of the Retreat at 100 Hills in McDowell Mountain Ranch. Drive up the new, winding exposed aggregate driveway with plenty of onsite parking for guests leading to the auto court situated adjacent to the 4+ car/2400 square foot garage. Next, enter this Modern Mediterranean home through the gated courtyard which includes a cozy gas fireplace and serene fountain. Enter the home through the custom iron and glass entry door into the domed foyer. Architectural details throughout the home include new engineered oak wood flooring, knotty alder doors and cabinets, coffered ceilings, expansive rooms with ceiling heights ranging from 18 to 11 feet, re-textured walls and ceilings with a 90/10 drywall finish painted bright white. The Chef's kitchen equipped with a large island with waterfall quartz counters is the ideal place to prepare a gourmet meal or host friends and family. The dining room with adjacent butler's pantry with secondary prep area, bar, dishwasher, warming drawer and microwave is just steps from the kitchen. After dinner relax and entertain in the expansive game room with wet bar, family room and home theatre. The property includes 4 bedrooms plus an office/den on the main level and an attached casita with a kitchenette and ensuite bedroom. The primary bedroom has a separate patio overlooking the mountain preserve. The primary bathroom includes a large walk-in shower, his and hers vanities and a free standing tub. The outdoor spaces include numerous patios, extensive hardscape, a large negative edge playpool with swim up bar, firepots, spa, fire pit, outdoor kitchen and room for a play area or putting green. Interior remodel includes new wood and tile flooring, quartz countertops, plumbing fixtures, lighting fixtures, ceiling fans and more. The 100 Hills community is conveniently located near freeway access, golf courses, dining, shopping, schools, hiking trails and much more. 100 Hills has a private tennis courts and a community pool and spa. McDowell Mountain Ranch offers access to recreational amenities including pickleball courts, tennis courts, pools, parks, hiking trails and community activities for all. Nearby is the McDowell Mountain Aquatic Complex with multiple pools, a lazy river and waterslide, fitness facilities and skate park. Owner/agent

8901 N 58th Place Paradise Valley, AZ 85253

$4,895,000
5 Beds
7 Baths
5,841 SqFt
Status Active
MLS # 6764671
Property Type Single Family Residence
Price Type --
Located in the prestigious sought-after neighborhood of Camelback Country Estates in the 3 C's school district, this charming newly updated property with large grassy area and sport court boasts a perfect floor plan with five ensuite bedrooms, including an attached guest house, plus a separate paneled library. The luxurious primary suite features two new his and her bathrooms, custom closets, an exercise room and sauna. Set on a full acre, the expansive grounds offer a fire pit, multiple patios and a brand new pool (owners dug out and moved the location of the new pool). Recent upgrades include fabulous 3,000 sq. ft. of hardwood floors, a lovely remodeled kitchen with quartz counters, new landscaping and a new roof (2021) with a 15-year transferable warranty!

5567 E Mcdonald Drive Paradise Valley, AZ 85253

$4,895,000
5 Beds
5.5 Baths
3,148 SqFt
Status Active
MLS # 6738950
Property Type Single Family Residence
Price Type --
Welcome to Your Dream Retreat in Paradise Valley! Access to the amenities of The Sanctuary including security, gym, maid service, pools, food service & more. This exquisite home was torn down to the foundation in 2012, and 3m was spent on the re-build. Enjoy Stunning views of Camelback Mountain and city light views. The main house boasts elegant living areas and a gourmet kitchen perfect for entertaining. Step outside to enjoy the sparkling pool, or engage in friendly competition on the private tennis and basketball courts. 3 separate guest casitas are perfect for friends and family. Experience extraordinary living with luxurious amenities, stunning views, and unrivaled tranquility in this exceptional Paradise Valley estate. Your perfect oasis awaits

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