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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10537 E Mariola Way Scottsdale, AZ 85262

$4,000,000
5 Beds
5.5 Baths
6,012 SqFt
Status Active Under Contract
MLS # 6775444
Property Type Single Family Residence
Price Type --

24715 N 90th Way Scottsdale, AZ 85255

$4,000,000
3 Beds
4.5 Baths
4,734 SqFt
Status Active Under Contract
MLS # 6781426
Property Type Single Family Residence
Price Type --
Spectacular contemporary masterpiece built in 2022 by Sonora West Development and designed by Swaback Architects. This home is ''model perfect''and located in the prestigious gated community of Solitude in NE Scottsdale on a quiet N/S cul-de-sac lot. Breathtaking mountain & sunset views enjoyed from the luxurious backyard retreat with fully retractable 90 degree glass panel doors that merges indoor/outdoor living seamlessly. This home boasts soaring ceilings, an open concept w/clean lines and modern architect, wide plank wood flooring, high-end finishes, chandelier and upscale lighting that creates an atmosphere of sophistication and style along w/functionality. This 4734 square foot home offers 3bdrm/4.5 bath plus office/den and is designed to perfection. The backyard is a true ... oasis featuring thoughtfully designed mature landscaping, a beautiful pool, a cozy fire-pit conversation area, a large expansive patio, built-in BBQ, and multiple seating areas, all ideal for entertaining and relaxing. This exceptional property embodies the best of Arizona living and lifestyle and an entertainer's dream.

14675 E Paradise Drive Fountain Hills, AZ 85268

$4,000,000
4 Beds
5.5 Baths
7,624 SqFt
Status Active Under Contract
MLS # 6774625
Property Type Single Family Residence
Price Type --
VIEWS, VIEWS, VIEWS!! Celebrate the good life in this spectacular custom sanctuary and bask in stunning city light views, sensational sunsets and pristine mountain vistas in every direction. This timeless single story, European inspired, Tuscan home is warm and inviting, and it is thoughtfully designed with luxurious finishes and superior craftsmanship throughout the property. The well-appointed gourmet kitchen anchors the home, boasting an over-sized island and plenty of counter space for cooking with family and entertaining friends. Hand hewn beams, accent lighting, custom cabinetry, a large walk-in pantry and top-of-the-line appliances with a built-in pizza oven, complete the package.

12183 E Sand Hills Road Scottsdale, AZ 85255

$4,000,000
5 Beds
5.5 Baths
5,022 SqFt
Status Active
MLS # 6764790
Property Type Single Family Residence
Price Type --
Fabulous home on 2 plus acres showcased by a stunning backdrop of natural landscape and large boulders. This home has 5 en-suite bedrooms and a bookcase lined office.The Casita has everything needed for an in-law setup, rental or just family and guests. The pool has a lagoon like setting with a breathtaking waterfall and hot tub spillway. Solar was installed in 2022. Don't be surprised to receive a check from APS at the end of the year. There is a 5 car garage, workshop and fully paved driveway. One has a sense of serenity just pulling up to this special home.

7745 N Tatum Boulevard Paradise Valley, AZ 85253

$4,000,000
5 Beds
4.5 Baths
5,322 SqFt
Status Active
MLS # 6760938
Property Type Single Family Residence
Price Type --
This Home was just finished and now job transfer forces owners to sell there newly built dream home in Arizona's most prestigious area. Sitting In the heart of Paradise Valley you will find this Old Tucson Style Slump Block Home but inside is modern contemporary with lots of glass and high ceilings. Folding glass doors open to bring the natural stunning views from the backyard patio of Mummy Mountain to the east and Phoenix mountain preserves from the front patio. The split master bedroom floorplan provides privacy for the entire family and guests The floor to ceiling chilled glass wine cellar adds to the elegancy displaying over 250 bottles of your private collection. Huge covered rear patio has built-in heaters. Private guest quarters upstairs with viewing deck. Convenient N/S garages DRASTIC reduction 1.5 million from original list price of 5.5M

5101 N Casa Blanca Drive Unit 301 Paradise Valley, AZ 85253

$4,000,000 - 2Br/2Ba -  for Sale in Casa Blanca Detached Homes, Paradise Valley
Open House
$4,000,000
2 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6751923
Property Type Townhouse
Price Type --
Situated on a detached corner parcel for maximum privacy inside coveted Historic Casa Blanca Phase 3 lies this stunning Spanish/Moroccan contemporary with soaring views of Camelback and beautiful sunsets. Low care manicured landscaping complete with stone fountain and outdoor fireplace, 2 car garage, prime location for safety and tranquility. High ceilings with brand new Lutron lighting system, automated shades, everything new to the studs. Custom Thermador appliances. Marble and quartz counters, lots of natural light, soft oak floors and generous primary. Truly turnkey complete with an added custom built bar. Rich, timeless & elegant, enjoy tennis, pickleball, and 3 heated pools in the convenience of a manned guard gate. Minutes from Fashion Square Mall on most desirable street in PV. Paradise Valley's best shopping and restaurants.

7360 E Sweetwater Avenue Scottsdale, AZ 85260

$3,999,999
6 Beds
4.5 Baths
5,454 SqFt
Status Active
MLS # 6754191
Property Type Single Family Residence
Price Type --
Experience the epitome of luxury in this brand-new construction located in gorgeous Scottsdale Arizona, with the added benefit of NO HOA. This exceptional property boasts an array of unique features, including two kitchens, two mudrooms, two laundry rooms (one with a pet shower), and a 6th bedroom with a private entrance. The thoughtfully designed split floor plan places the primary suite in the west wing, offering a spacious walk-in closet, an oversized shower, and a private patio. The east wing houses the second kitchen and an additional family room, perfect for extended family or guests. The custom kitchen is a chef's dream, featuring quartzite countertops, birch cabinets, top-of-the-line Wolf and Sub-Zero appliances, and a walk-in pantry with a separate sink and dishwasher. The home is adorned with European oak hardwood plank flooring throughout, providing warmth and elegance. Beautifully designed by Kevin Robert Interiors, the home is architecturally stunning with a glass-encased wine rack, multiple ensuite bathrooms, and several covered outdoor spaces. The new outdoor kitchen is perfect for entertaining, and the oversized north-facing backyard includes a brand-new pebble-tec pool and a Pickleball/Basketball court for recreation. This property is a rare find, combining luxury, functionality, and style in one of Scottsdale's most desirable locations.

8436 E Sahuaro Drive Scottsdale, AZ 85260

$3,999,999 - 4Br/4Ba -  for Sale in Stoneridge Estates 3, Scottsdale
Open House
$3,999,999
4 Beds
3.5 Baths
4,721 SqFt
Status Active
MLS # 6778929
Property Type Single Family Residence
Price Type --
Discover ultimate luxury in this fully rebuilt 4,721 sq ft home in Scottsdale's Cactus Corridor. Reimagined under the architectural expertise of NewWest Design Studio, with interior design by Weaver Interiors, every inch of this property has been transformed with sophistication and style. Featuring 4 bedrooms, 3.5 baths, and high-end designer finishes throughout, this home exudes elegance. The gourmet kitchen includes a full suite of Thermador appliances, including a 36-inch fridge and freezer. Massive Western sliding glass doors open to a new pool and expansive backyard on nearly an acre, with room to build an oversized garage and a 2-bedroom casita. Architectural drawings for the garage and casita are complete, and the builder is ready to start construction immediately.

11108 E Mariola Way Scottsdale, AZ 85262

$3,999,977
4 Beds
4.5 Baths
7,277 SqFt
Status Active
MLS # 6662532
Property Type Single Family Residence
Price Type --
A rare, immediate golf membership is available with purchase. Ask for details! This is a hillside gem capturing awe-inspiring panoramic mountain views from every corner! This home was made to entertain the largest of gatherings, yet cozy enough for the smallest. Top of the line when built in 2004. Built into the mountain. Hardly lived in. CMU build. Great bones. Needs some updating and you've just added to the equity. Multi generational for those who don't mind the shallow steps. 4 separate guest suites, including the 950 sf upper deck casita. 3 car garage, 7+ additional parking spots. Well designed motor court. Purchase the lot in front and build another home or tie it to this lot for an acre of expanded yard. For undisturbed views, pets, kids, parties or whatever your heart desires.

10728 E Cottontail Lane Scottsdale, AZ 85255

$3,999,800
4 Beds
4.5 Baths
5,511 SqFt
Status Active
MLS # 6704872
Property Type Single Family Residence
Price Type --
This timeless styled Spanish Colonial home rests in guard gated Windy Walk Estates of Troon. It's North - South exposure captures views of Pinnacle Peak, Troon Mountain and city lights. The luxurious home is all on one level except for a large 875/sf 2nd level game/office/bedroom with its own fireplace, full bath and balcony overlooking city light views. You enter the main home through a hand forged iron gate into a charming front courtyard with bubbly fountain. The iron front door opens to the formal living and dining areas with rough sawn beams, stone floors, Venetian plastered walls and a cantera stone fireplace. Just down the hall is an intimate home theater. The large family room includes a corner fireplace, walk-up wet bar with ice maker, dishwasher, Sub-Zero wine and beverage ..... cooler plus room for a pool table. It opens to a center island kitchen with Wolf and Sub-Zero appliances and breakfast room. The Arcadia doors from the breakfast room lead to an outdoor patio with fireplace, BBQ and pizza oven all overlooking views of the boulder filled Troon Mountain. The kitchen conveniently opens to the 4 car garage and includes a key drop and very large walk-in pantry. The charming Primary suite includes a fireplace and a marble floored bath and a large closet that opens to the laundry room. The living room, family room and Primary suite are lined with Arcadia doors opening to arched covered patio that overlook the sparkling pool, paver hardscape, lush landscaping and views of Pinnacle Peak. The home has been updated with Venetian plastered walls, white oak flooring, new garage doors and a Bull Frog spa. Two of the three HVAC systems have been replaced and the exterior has been newly painted. The home includes 4 interior and 1 exterior fireplaces.

W Kayenta Trail Laveen, AZ 85339

$3,999,000
5 Beds
7 Baths
5,486 SqFt
Status Active
MLS # 6779097
Property Type Single Family Residence
Price Type --
Sunset Coves Estates Luxury Living! Your opportunity to own a piece of Paradise in one of the most luxurious, private, soon-to-be-gated neighborhoods in the west valley. The property has incredible views of South Mountain and Carver Mountain. Quick I10/202 freeway access. Sunset Cove Estates lives up to its name by providing the Phoenix Valley's most stunning sunrises as well as sunsets. Homes in this Luxury Community have at least 1 acre. South Mountain Park hiking/biking trails are a two-minute walk from your front door. The main house consists of approximately 4,814 sqft with 4 car garage. 672 sqft Casita with its own garage. Main house has 4 bedrooms, each with their own bathroom. Outdoor patio will consist of over 1,300 sqft. This custom home will be complete in 2025

3800 S Clubhouse Drive Unit 5 Chandler, AZ 85248

$3,999,000
5 Beds
6.5 Baths
9,668 SqFt
Status Active
MLS # 6711422
Property Type Single Family Residence
Price Type --
This exquisite lake front custom home resides in the exclusive gated subdivision of Crown Point, a private community with only 11 lots. It provides easy access to the Ocotillo Golf Club, a premiere golf destination in Chandler, Arizona. This Spanish/Mediterranean home has 5 bedrooms and 6 1/2 bathrooms. There are 3 bedrooms on the main floor, 2 being ENORMOUS full master suites, each on opposite ends of the home. There are 8760 sq ft of living space, plus 1156 sq ft in attached casita. The casita has a separate entrance, with bar and bathroom with easy access from the pool and patio. The kitchen has new appliances. 4 Viking convection ovens, 8 burner Viking stove, 36 inch Viking refrigerator, 36 inch Viking freezer, and 2 dishwashers and ice maker. Two islands in the kitchen make entertaining effortless. The under the staircase wine cellar is amazing, with stone clad walls and clay slots.Upper level includes 2 bedrooms, 2 bathrooms, game room/lounging area, bar with mini kitchen and fireplace. You can view the gorgeous Arizona sunsets from a private patio just outside.The negative edge pool was resurfaced and equipment replaced. There is also a spa and fire pit for your enjoyment. All the bathrooms were remodeled. The roof was just replaced at a cost or $300, 000.00, and four of the five AC units were recently replaced. All of this and more in this Magnificent Move In Ready Home!!

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