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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1402 E Coral Cove Drive Gilbert, AZ 85234

$3,400,050
8 Beds
7.5 Baths
11,705 SqFt
Status Active
MLS # 6719083
Property Type Single Family Residence
Price Type --
Magnificent lakefront 2-story basement estate on rare Peninsular lot w/nearly 239' (2 sides) of lakefront nestled on a cul-de-sac lot in the prestigious, gated West Lake Estates Val Vista Lakes water-wonderland Community. Approximately 8,429sf above grade & 3,276sf of beautifully finished basement w/ living quarters, wet bar/kitchenette, 720 btl wine room & gym; a bright upper level attached full Guest Quarters w/sep. entrances; nearly new roof, HVAC & OWNED solar! Thoughtful design w/ superior function, energy efficiency & a flowing floor plan for easy living & entertaining. Timeless architecture, stunning water views & mountain vistas - a lifestyle second to none. Lavish community amenities w/ convenient location to shopping, dining & easy highway access; minutes to airport! SUPPLEMENT: Amenities and updates abound in this luxurious lakefront residence! 1.

10626 E Palo Brea Drive Scottsdale, AZ 85262

$3,400,000
3 Beds
3.5 Baths
4,160 SqFt
Status Active
MLS # 6761265
Property Type Single Family Residence
Price Type --
This stunning, timeless residence in Turquoise Ridge is nestled on a private cul-de-sac along a serene greenbelt, offering sweeping views of Cochise golf course, city lights, and both sunrise and sunset. Santa Fe accents add warmth and charm to this beautifully designed home, where style meets comfort at every turn. With GOLF MEMBERSHIP available to the exclusive Desert Mountain Club, you'll enjoy world-class courses and luxury amenities just moments away.Inside, the open-concept layout flows seamlessly from the gourmet kitchen to the spacious Great Room, featuring rustic beams, soaring ceilings, and expansive windows that flood the home with natural light, framing breathtaking desert vistas. The kitchen is a chef's dream, complete with high-end appliances, custom Alder cabinetry, and a convenient serving window to the outside pool patioperfect for entertaining. The office is beautifully designed, ideal for working from home, while the oversized three-car garage provides ample space for vehicles and storage, including a wine cellar. The home boasts three luxurious suites, each with its own private patio for quiet relaxation. The large primary suite has direct access to the pool and spa, offering the ultimate retreat. Multiple patios provide additional areas for guest entertaining, while the sun-soaked backyard, with a sparkling pool and shaded al fresco dining space, invites you to bask in the Arizona sunshine. For those seeking the best views, the upper patio delivers panoramic vistas, showcasing vibrant sunsets and the twinkling cityscape. This is a home where every detail has been thoughtfully crafted for both elegance and functionality, making it the perfect desert escape.

39877 N 107th Way Scottsdale, AZ 85262

$3,400,000
3 Beds
3.5 Baths
3,050 SqFt
Status Active
MLS # 6769254
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE. For those who seek unparalleled luxury and craftsmanship, this home offers a complete visual and sensory experience, where every corner reveals beauty and artistry. Designed by Bing Hu and masterfully reimagined by Aesthetic Interiors & Design, this residence is a testament to refined design and meticulous attention to detail. Nestled in the prestigious Desert Mountain community, this home seamlessly blends timeless architectural integrity with modern luxury. Upon stepping through the grand glass pivot door, you're immediately captivated—not just by the striking chandelier, but by the sense that everywhere your eye lands, beauty unfolds. From the rich tones of custom walnut cabinetry to the sleek finishes of satin granite countertops, every detail in the home has been curated with an artistic vision. The open, airy layout flows effortlessly from one space to the next, showcasing a thoughtful balance of rich blacks and warm browns. These materials complement the serene surroundings while adding a modern edge that speaks to the home's luxury. In every room, there's a sense of cohesion and careful design,nothing is out of place, and yet, each space feels distinct. Outdoors, the visual splendor continues. The fully remodeled pool and spa with pebble sheen & LED light show, completed with a serene waterfall feature, create a private oasis, while updated landscaping enhances the natural beauty of the desert environment. The outdoor living area complete with a built-in BBQ, & gathering spot around the 5-foot linear gas fire pit, while listening to your favorite tunes through the indoor/outdoor Sonos system, extends the elegance and functionality of the home. Additionally, this home is ready for you to move right in fully furnished with exquisite RH pieces and styled with a designer's touch. A transferable Desert Mountain golf membership adds to the allure, providing access to one of Scottsdale's most prestigious golf communities. This home is not just a remodel; it is a complete transformation of Bing Hu's original architectural vision, offering a harmonious blend of modern luxury and artistic craftsmanship. Overlooking the 9th fairway of the Apache Golf Course, it stands as a rare and stunning piece of art within one of Scottsdale's most coveted communities. Welcome to The Modern Hu. - A home, a lifestyle, a masterpiece. Entire Home, Landscape, Pool has been updated. See documents tab for a detailed list. See video and 3D Matterport Video in photos.

6645 W Leonard Lane Flagstaff, AZ 86001

$3,400,000
2 Beds
2.5 Baths
2,984 SqFt
Status Active
MLS # 6778387
Property Type Single Family Residence
Price Type --
Discover your dream mountain retreat with breathtaking views of the San Fransisco peaks! This luxury log cabin, designed by Rocky Mountain Log Homes, features stunning 12'' Western timber logs--no dry wall in sight! The owner/builder spared no expense with quality details throughout. With two bedrooms, 2.5 baths, and a spacious 540 sq ft loft as an extra sleeping area, this home is perfect for family getaways. Enjoy a chef's kitchen with Bertazzoni stainless appliances, granite countertops, a gas stove, and a cozy breakfast bar. Relax by the wood- burning fireplace or unwind in the soaking tub. Located off Snowbowl Road, just minutes from Flagstaff and Snowbowl Ski Resort!

4106 E San Miguel Avenue Phoenix, AZ 85018

$3,400,000
4 Beds
3.5 Baths
3,844 SqFt
Status Active Under Contract
MLS # 6748744
Property Type Single Family Residence
Price Type --
Blue Sky's newest build in the coveted Marion Estates is ready for its big reveal! Buyers will be wowed by each detail of the property, which features a Lutron smart home control center that services lights, TVs, music, a security system and shades, all from the touch of a button. The thoughtful floorplan contains four bedrooms, including two spacious suites and a flex room. The entertainer's kitchen showcases Energy Star top-rated appliances, custom cabinetry and a generous kitchen island. The outdoor ambiance, which includes a rooftop patio, will captivate owners and guests alike with landscape design by Creative Environments that boasts a sparkling pool, spa, built-in BBQ and an expansive fire pit. Plus, it's impossible to miss the stunning views of Camelback Mountain & Piestewa Peak

15972 N 115th Way Scottsdale, AZ 85255

$3,399,900
3 Beds
2.5 Baths
4,596 SqFt
Status Active
MLS # 6769991
Property Type Single Family Residence
Price Type --
Hidden gem surrounded by Magnificent Views, and lush trees.. Enjoy the unobstructed view of McDowell Mtn & the sunset/city lights in the Oasis resort-like backyard designed with 65' infinity style pool, large water fall, spa and sunken gazebo. The main house features an open split floor plan with high ceilings. Spacious living room flows into family room complete with wine bar. Kitchen boasts granite countertops with plenty of storage. Plus a theater room & butler's pantry & office area. The newly renovated 1,208 SQFT. separate guest suite features 1 bedroom 1 bath, kitchenette and more! The quiet and stunning neighborhood has many amenities & easy access to the McDowell Mountain trails for hiking just minutes away. Property to be sold As-Is no repairs. Interior photos coming soon!

24614 S 183rd Place Gilbert, AZ 85298

$3,396,000
7 Beds
6 Baths
7,076 SqFt
Status Active
MLS # 6765928
Property Type Single Family Residence
Price Type --
Experience luxury in this custom-built 7-bed, 6-bath estate on a one-acre lot within a gated community, offering breathtaking San Tan Mountain views. The 5,876 sq.ft. MAIN HOUSE features 5 spacious bedrooms, a game room, and an office, while the 1,200 sq. ft., 2-bedroom GUEST HOUSE is ideal for visitors or extended family. Step inside to find luxury at every turn, from the grand iron glass door to the sleek 100'' electric fireplace, wine cellar, 10'x16' pocket patio door, and windows with dual-shade blinds THE CHEF'S KITCHEN is designed for culinary excellence, with Thermador appliances, a Sub-Zero fridge, 3-slab quartzite countertops, a walk-in pantry, large storage, and a separate BUTLER'S KITCHEN. THE MASTER RETREAT includes a large sitting area, a spa-like bath with a freestanding soaking tub and walk-in shower, and a custom-designed closet with a marble-topped island, soft-close drawers, and a washer/dryer hookup. All large bedrooms feature walk-in closets, with one offering an ensuite. The laundry room is prepped for a dog-wash station. The backyard boasts an oversized POOL, heated spa, and firepit. THE 4-CAR GARAGE includes an electric vehicle charging station, epoxy floors, and tall roll-up doors. With space for additions like an RV garage or sports court, this estate offers endless potential. Conveniently located near top-rated schools, Seville Golf Community, San Tan Loop 202, and Gilbert Regional Park, this luxury home is a one-of-a-kind opportunity.

4849 N Camelback Ridge Road Scottsdale, AZ 85251

$3,395,000
2 Beds
3 Baths
2,294 SqFt
Status Active
MLS # 6681501
Property Type Apartment
Price Type --
This unique loft style home features 10' ceilings in the living area with spacious indoor/outdoor living and a lower garden/yard. This home is exceptional with its soaring ceilings and phenomenal views of Camelback Mountain. Featuring 1 bedroom, 2 full baths, a den and 2 reserved parking spaces. Tucked at the base of Camelback Mountain, Ascent is a new, private gated residential enclave adjacent to The Phoenician Resort - one of Arizona's premier luxury resorts. Home designs feature contemporary architecture integrating warm, natural materials, expansive windows, stacking door systems opening to a large outdoor patio with fire feature and BBQ Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite Bulthaup Kitchens, hardwood floors, .....

11142 N Viento Court Fountain Hills, AZ 85268

$3,395,000
3 Beds
3 Baths
4,100 SqFt
Status Active
MLS # 6762634
Property Type Single Family Residence
Price Type --
This property is the perfect soft contemporary, empty nester, ONE LEVEL home you've been waiting for. Absolutely captivating and unobstructed airliner views from Four Peaks, to the Fountain to Camelback Mountain and city lights galore! This tastefully designed ridgetop 2022 build is a manageable and beautiful 3 bedroom, three bathroom open concept (great room) layout perfect for those seeking a fabulous entertaining space without superfluous square footage. Gorgeous kitchen and finishes, with a stunning 20-foot beamed ceiling and 20' retractable slider in the great room for views and indoor/outdoor living. See the 2-car garage and a massive 35' deep RV / boat garage perfect for the toys. The travertine pool deck, hot tub and negative edge pool maximize the sunset view experience.

6230 E Calle Del Norte -- Scottsdale, AZ 85251

$3,395,000
4 Beds
3.5 Baths
3,962 SqFt
Status Active
MLS # 6770883
Property Type Single Family Residence
Price Type --
This beautiful sprawling ranch has a perfect open floor plan and loads of charm and character. The upscale island kitchen has double ovens, double dishwashers, warming drawer, custom cabinetry, and a breakfast bar, the great room is lined with french doors creating a bright sun filled space, the formal living and dining rooms are great for intimate family gatherings as well as large scale entertaining, there's a fantastic custom built home office, and the impressive primary suite has an extra large bath. Sitting in a highly sought after Arcadia neighborhood, the oversized lot houses a gorgeous pool, built-in barbecue, large covered patio, and super mature, lush grounds. This home is wonderful as is, yet it has endless potential to go to the next level!

19947 N 94th Way Scottsdale, AZ 85255

$3,395,000 - 5Br/5Ba -  for Sale in La Strada, Scottsdale
Open House
$3,395,000
5 Beds
4.5 Baths
5,702 SqFt
Status Active
MLS # 6758877
Property Type Single Family Residence
Price Type --
LOCATION & VIEWS. Enjoy luxury living in the highly desired gated community of La Strada : one of Scottsdale's best-kept secrets adjacent to DC Ranch. Next to Market Street and minutes from all of North Scottsdale's best dining and hot spots, golf, hiking or biking trails. EXQUISITELY REMODELED. Most recently, a full-remodel of the primary bathroom & closets. All new Wolf appliances and a large, workable kitchen is great for the chef or novice cook. Remarkable home design with impressive resort style outdoor living spaces. Expansive glass pocket doors and wall of elegant French doors paired with soaring cathedral ceilings with a grand living area allows for seamless indoor/outdoor luxury living & effortless entertaining. All while enjoying the fabulous view of the McDowell Mountains.

8537 E Los Gatos Drive Scottsdale, AZ 85255

$3,390,000
5 Beds
4.5 Baths
4,590 SqFt
Status Active Under Contract
MLS # 6714679
Property Type Single Family Residence
Price Type --
Experience luxury living in the exclusive gated community of Los Gatos, North Scottsdale. Designed by renowned builder Geoffrey Edmonds, this home features a charming front courtyard and a meticulously crafted floor plan that provides an open and flowing main living space, ideal for daily living and entertaining friends and family. The light-filled interiors boast expansive windows with views of the landscaped backyard. The large eat-in kitchen is equipped with wood floors, wood beams, an island with a sink, extensive granite countertops, six-burner gas range, side-by-side refrigerator and freezer, and a warming oven, all seamlessly connecting to the family room with a fireplace. A formal dining room offers additional dining options. The principal suite, located apart from the ... three guest bedrooms, includes a sitting area with a fireplace. A separate casita with a refrigerator and microwave enhances guest privacy. Large multi panel glass doors lead to patios, both covered and uncovered, perfect for Arizona's outdoor living lifestyle. The sprawling backyard features lush green grass, a pool with a water feature, a spa, an outdoor kitchen with a built-in BBQ and refrigerator, and a gas fire pit. The north/south orientation boasts a panoramic view of the McDowell Mountains and captures sunsets and city lights.

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