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.

What’s Your Home Worth?

Search for Your New Home

28484 N 91st Avenue Peoria, AZ 85383

$3,500,000
5 Beds
6.5 Baths
5,699 SqFt
Status Active Under Contract
MLS # 6811206
Property Type Single Family Residence
Price Type --
Stunning residence where aesthetic design, expansive space, and luxury converge! Nestled in a gated community and set on an impressive 1.28 Acre lot, this home offers breathtaking Sonoran Desert views, sunsets, and mountain views right from its private terrace, providing an idyllic backdrop for modern living. With 5 spacious bedrooms and 6.5 baths, this 5,699 sqft home boasts a meticulously crafted open floor plan. The cool-toned walls, elegant wood-look tile flooring, and graceful arched walls draw you into a space that feels both expansive and inviting. A stunning floor-to-ceiling brick fireplace anchors the living area, while rich wood beam accents add warmth and character. The kitchen features sleek granite countertops, a spacious island, breakfast bar, and walk-in pantry. The downstairs primary suite offers a serene retreat with a private sitting room, expansive walk-in closet, and a luxurious full bath with steam shower and a private laundry room. This home also includes a range of exceptional features: a fully air-conditioned 64X23 RV garage, a spacious deck above the RV garage with sweeping views, and proximity to Paloma Park for outdoor recreation. Additional living spaces include a den, loft, family room, and bonus room perfect for customization to suit your lifestyle. With a seamless blend of modern luxury, expansive living spaces, and breathtaking desert surroundings, this home offers a lifestyle of comfort and elegance that is second to none.

1523 E Treasure Cove Drive Gilbert, AZ 85234

$3,500,000
5 Beds
5 Baths
6,156 SqFt
Status Active
MLS # 6823924
Property Type Single Family Residence
Price Type --
Luxury Redefined on the waterfront in Val Vista Lakes. Step into this stately Spanish Contemporary home in West Lake Estates where every detail has been masterfully updated. The grand foyer welcomes you to this beautiful Gary Gietz masterpiece that was lovingly redesigned in one of Gilbert's best locations. Meticulously renovated with authentic features like a dramatic curved staircase, custom iron railings, quatrofoil windows, formal living & dining rooms and coffered ceilings. Suited for an entertaining lifestyle with subzero refrigerator, wolf cooktop and ovens, large center kitchen island, a breakfast room and one of the largest walk-in pantry's we've seen. Luxurious primary suite boast custom bookcases and fireplace, private balcony with incredible lake & mountain views a gracious bathroom suite and closet. Three large secondary bedrooms upstairs complete with laundry room. The lower level also offers an ensuite bedroom with private access to the rear yard, pool and lake. This signature estate combines classic richness with modern comfort making it a prestigious find in a prime location. Val Vista Lakes community offer tennis, racquetball and pickleball courts, heated swimming pool, spa and lagoon, walking & biking paths, community garden & rose garden as well as ball fields, cardio rooms & playgrounds. Located between 3 of the valleys major airports of Sky Harbor, Phoenix Gateway and Falcon Field you're within 20 minutes to an airport.

18720 N 101st Street Unit 2006 Scottsdale, AZ 85255

$3,500,000
2 Beds
3 Baths
2,752 SqFt
Status Active
MLS # 6718632
Property Type Apartment
Price Type --
**NEW-CONSTRUCTION** The best opportunity to be inside the gates of Silverleaf at a competitive price. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private resort community of Silverleaf.

55 Cibola Drive Sedona, AZ 86336

$3,500,000
3 Beds
2 Baths
3,577 SqFt
Status Active
MLS # 6781179
Property Type Single Family Residence
Price Type --
A Wine Enthusiast's Dream Home in Sedona Welcome to your dream sanctuary in Sedona, where every detail caters to the consummate wine enthusiast. This exceptional estate boasts 3,577 square feet of thoughtfully designed living space, elevated to capture breathtaking 360-degree views that are simply unmatched. The sellers have raised the roof to maximize the vistas, complemented by a sprawling 1,408-square-foot main deck and a 329-square-foot covered sky deck, creating an unparalleled indoor and outdoor living experience. The great room, expansive yet cozy, features a stunning beehive fireplace adorned with a unique Alligator Juniper mantle, making it the perfect gathering spot. Retreat to the luxurious primary suite, where you'll enjoy direct access to your private outdoor hot tub, allowing for peaceful evenings under the stars. The spa-like bath is a true oasis, adorned with exquisite Lucy Paradise stained glass that adds a touch of artistry to your everyday routine. This estate also includes two additional guest bedrooms and a versatile flex room, ensuring ample space for relaxation and rejuvenation. Nestled alongside National Forest, the property offers a serene and private environment, perfect for those seeking respite from the world. A hidden gem of this home is the detached historic wine tasting room and cellar, celebrated by Wine Spectator for its design and functionality. Here, you can entertain guests in stylewhether indoors or outdoorsand access your perfectly temperature-controlled cellar featuring an impressive selection of 1,600 bottles. This Sedona residence is not just a home; it's a true bucket list destination, inviting you to indulge in the finest wine experiences amidst the natural beauty of the red rocks. Don't miss the opportunity to own a piece of paradise tailored for a lifestyle of elegance and enjoyment.

9853 E Sundance Trail Scottsdale, AZ 85262

$3,500,000
3 Beds
4 Baths
5,264 SqFt
Status Active
MLS # 6754538
Property Type Single Family Residence
Price Type --
This recently refreshed & remodeled one of a kind custom luxury golf retreat, designed by renowned John T. Pela, is an absolute entertainers delight. Your guests will be aww struck with the breathtaking mountain views, all while overlooking the 7th hole , either from the expansive wraparound patio, or negative edge pool. Soaring 13 & 14 foot ceilings in common areas only are nothing short of majestic . The master bedroom is its very own oasis and does not disappoint with its private balcony. The master also features two separate walk-in closets, along with surpassing expectations with its amenities. The two other bedrooms not only boast their very own ensuite bathrooms, but also have a private common area just outside the door. The 3 car garage has plenty of extra workspace and storage

15956 E Tombstone Trail Fountain Hills, AZ 85268

$3,500,000
4 Beds
5.5 Baths
4,514 SqFt
Status Active
MLS # 6816629
Property Type Single Family Residence
Price Type --
You'll love this exquisite single level, turn-key home on the golf course w absolutely no stairs in unparallelled FireRock CC! Exceptional design, w no expense spared on this luxurious, quality-built home! Fabulous floor plan includes 4 en-suite bdrms., office & 5.5 baths. Elegant living room boasts custom fireplace & gorgeous 10' mitered wall of glass, while cozy great room w sliding wall of glass & fireplace is the place to behold majestic mountain & golf views. Chef's kitchen is a culinary masterpiece, equipped w Sub Zero, Wolf & Bosch appliances, spacious pantry & butler's pantry. Gorgeous wet-bar features stunning walk-in wine cooler. Negative edge pool & spa are perfect for hosting family & friends. Air conditioned 4-car garage w work bench & tons of storage is perfect ... More for hobbies or projects. Whether inside or outside, sound system will enhance those special memories. Outdoor gas bbq & bar, refrigerator, gas fire-pit and fire bowls are the icing on the cake. Golf course & Red Rock views are the cherry on top! A turn-key opportunity, furnishings available on a separate Bill of Sale.

10040 E Happy Valley Road Unit 300 Scottsdale, AZ 85255

$3,500,000
4 Beds
5 Baths
4,266 SqFt
Status Active
MLS # 6815506
Property Type Single Family Residence
Price Type --
Positioned along the 4th Hole of the prestigious Jack Nicklaus Signature Golf Course, this custom fully remodeled home combines timeless charm with modern luxury. Offering privacy and captivating appeal, the rooftop deck provides stunning 360-degree views and features a fireplace for unforgettable evenings. This meticulously maintained residence boasts 4 Bedrooms Plus a thoughtfully designed Home Office, 4 full baths, 2 powder baths, and spacious 3-car Garage. The inviting Great room opens with 20 foot ceilings. New Kitchen includes Wolf induction range, Wolf stainless steel double ovens, Subzero refrigerator, and a generous island. The Great room exudes warmth with its unique copper fireplace, wood floors, while large New windows and sliding doors showcase serene views of the resort-inspired backyard. Step outside to your private oasis, complete with a pool, spa, and patio area, offering a tranquil retreat for relaxation or gatherings. The primary suite impresses with a spacious walk-in closet crafted with custom furniture-grade cabinetry, ensuring exceptional storage. Living in Desert Highlands means embracing a world-class lifestyle, featuring: Jack Nicklaus Signature 18-hole Golf Course Local reciprocating private golf courses 18-hole putting course, perfect for golfers of all skill levels State-of-the-art pickleball & tennis center with grass, clay, and composite courts Bocce Ball Fantastic newly renovated fitness center A scenic, stocked lake and an inviting dog park The remodeled Clubhouse exudes casual Southwestern elegance, offering the perfect setting for dining and entertaining. Residents enjoy access to exceptional home services and 24/7 professionally trained security staff, ensuring a safe and welcoming community. Discover the unmatched charm and unique character of Desert Highlands. Experience this extraordinary property and lifestyle firsthand!

9422 E Diamond Rim Drive Scottsdale, AZ 85255

$3,500,000
4 Beds
4 Baths
3,776 SqFt
Status Active
MLS # 6783778
Property Type Single Family Residence
Price Type --
Beautifully updated Pima Acres residence on a 1.69-acre lot that affords you with limitless possibilities to create your dream property. This stunning custom-designed home incorporates a welcoming air into the practical entertaining spaces. The gourmet kitchen features quartz countertops, Subzero, Wolf, and Miele appliances, including an induction cooktop. Kitchen island seats 5, with additional in-kitchen dining and a separate dining area. The large principal suite encompasses a gorgeous fireplace, walk-in closet, large tub, spacious shower, quartz countertops, dual sinks, and an adjacent outdoor shower. All four bedrooms in this home are en-suite. The kitchen opens to the comfortable family room with a fireplace and there is a fantastic secondary great room (or a fourth bedroom)... with a built-in wet bar, wine cooler, fireplace, and offers city light views. Skylights brighten the home, and wood flooring adds a touch of warm elegance. Custom pavers enhance the driveway, front entry, back patio, and side walkways. The expansive resort-style backyard includes stunning mountain views, built-in grill, heated pool with spa and water features, 2 outdoor showers, built-in wood-burning fire pit, and professional landscaping featuring an orchard with citrus and fruiting trees. Privacy is ensured by a NAOS to the east, a 15-foot setback on the vacant lot to the west, and an enclosed backyard with an impressive block fence. Other incredible features include a cozy front patio with a fireplace, RV gate, and a three-car garage with epoxy flooring and custom cabinets. This incredible home is located in Pima Acres, which has minimal HOA fees, and is conveniently close to the 101, golf, extensive hiking trails, restaurants, shopping, and more. Schedule your private tour of this exceptional home today.

6602 N 40th Street Paradise Valley, AZ 85253

$3,500,000
5 Beds
5 Baths
6,173 SqFt
Status Active
MLS # 6816774
Property Type Single Family Residence
Price Type --
**MASSIVE PRICE REDUCTION** Opportunity to own Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 35% complete and includes all permits, plans, and designs. Priced at $3.5 mill ($566/sq ft). The remaining remodel budget is $1 million, with a potential resale and ARV of $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors a expected profit of **$600k** upon completion. No HOA and lot over 1 acre! Envision your dream home in this tranquil hillside setting, and while construction is continuing, we are open to various exit strategies. This property presents numerous possibilities for your vision. Don't miss out on this rare chance to create a picturesque retreat in the Paradise

5112 E Pasadena Avenue Phoenix, AZ 85018

$3,500,000
5 Beds
5 Baths
4,420 SqFt
Status Active
MLS # 6784725
Property Type Single Family Residence
Price Type --
Stunning custom home with Prime Arcadia location! Walking distance to Royal Palms, The Village Health Club, AJ's, The Amabassador and numerous restaurants. Take in breathtaking views of Camelback Mountain from every room. This custom home has marvelous indoor & outdoor spaces and a single-level, split floorpan, with countless amenities. High ceilings, gas fireplaces, 2 dishwashers, gas range, designer light fixtures, hard wood floors, enormous walk-in closet, art niches with accent lighting, & large windows to enjoy the view. Huge pocket doors are a perfect transition to the outdoor living ideal for entertaining. Lush landscaping, cascading waterfall, hot tube, fire pit, BBQ and more.Minutes from downtown Phoenix, Biltmore, Sky Harbor Int'l Airport,Fashion Square, golf, hiking & Old Town.

1234 W Orchid Lane Phoenix, AZ 85021

$3,500,000
5 Beds
5 Baths
4,700 SqFt
Status Active
MLS # 6737909
Property Type Single Family Residence
Price Type --
NEW BUILD!! 5-bedroom, 5-bathroom residence that exudes elegance and functionality. Each bedroom is a private oasis, complete with its own on-suite bathroom, offering comfort and convenience for family and guests alike. The heart of the home is the gourmet kitchen, a chef's dream with state-of-the-art appliances, expansive countertops, butler's pantry and custom cabinetry. The dedicated wine room promises to be a connoisseur's delight, perfect for storing and showcasing a prized collection. Dual laundry rooms ensure household chores are handled with ease, providing ample space for organization and storage. The extra-large 3-car garage offers generous space for vehicles and storage, while also serving as a versatile area for hobbies or a workshop. This home is a perfect blend of luxury and practicality, designed to cater to a refined lifestyle. The outdoor spaces of this luxurious home are designed to offer an unparalleled experience of elegance and leisure. Imagine stepping into a meticulously landscaped garden, where the tranquility of nature meets the sophistication of design. A stunning pool and spa serve as the centerpiece, creating a serene oasis for relaxation and social gatherings. Adjacent to the pool, a state-of-the-art outdoor kitchen awaits, fully equipped for al fresco dining and entertainment. Comfortable seating areas are interspersed throughout, featuring plush sofas and lounge chairs, perfect for enjoying the warm Arizona sun or gathering around a sleek fire pit during cooler evenings. These outdoor living spaces are not just visually appealing but are functional extensions of the home, crafted to enhance the joy of outdoor living.

865 E Monte Vista Trail Wickenburg, AZ 85390

$3,500,000
5 Beds
7 Baths
7,880 SqFt
Status Active
MLS # 6659880
Property Type Single Family Residence
Price Type --
LEASE TO PURCHASE (option). Experience luxury & sophistication gated community! Integrating indoor & outdoor living. BREATH TAKING VIEWS! Nestled in the heart of Wickenburg, this stunning custom home has 5 bedrooms, 7 baths & theater room. Entering thru this grand entrance you are greeted w/a water feature & expansive living spaces. Gourmet kitchen is a chefs dream. Featuring top-of-line appliances, custom cabinetry, 2 warming drawers, 3 ovens, & a spacious island. Custom built bar. 5 fireplaces. Your master suite is a private sanctuary boasting a spa-like feel, fireplace, Large walkin & jet tub. Stepping into your private backyard oasis offers total relaxation. Negative edge pool/spa, built in bbque, ramada, steam room & lush landscape is your ideal entertainment. Spacious RV garage with a drive through RV Stall, can hold 8+ vehicles. Until you see this amazing property in person, you will not appreciate the value. This custom home was built by Tom Hogue and used as his personal home. From the grand entry way, rocked pillar, fountain water feature, floor to ceiling retractable glass doors, workout room, sauna and so much more. This is a MUST SEE!!!

Leave a Reply

Your email address will not be published.