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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21434 W Mountain Cove Place Buckeye, AZ 85396

$2,500,000
5 Beds
4.5 Baths
4,954 SqFt
Status Active
MLS # 6683231
Property Type Single Family Residence
Price Type --
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,300 square feet and the attached guest quarters is 654 square feet, for a total of 4,954 square feet with a four car garage. Also includes a swimming pool, spa and outdoor kitchen. This home features a captivating great room floor plan and is situated on an expansive 1.145 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication. Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.

16414 E Pinnacle Vista Drive Scottsdale, AZ 85262

$2,500,000
4 Beds
4 Baths
3,070 SqFt
Status Active
MLS # 6728098
Property Type Single Family Residence
Price Type --
Nestled on approximately 9.2 acres, this magnificent 3,070 square-foot, four-bedroom, four-bath home offers a blend of luxury and practicality, all with no HOA restrictions. The open floor plan ensures a seamless flow between the spacious living areas and the large bedrooms, making it perfect for family living and entertaining. features include: - **Three-car garage:** Plenty of space for vehicles and storage. - **Owned solar:** Energy-efficient and environmentally friendly. - **Sparkling saltwater pool:** with outdoor grill is Ideal for relaxation and recreation. - **Equestrian amenities:** - Gorgeous horse setup with a four-stall mare motel - Round pen and tie racks for training and grooming - Automatic waters for convenience - Dedicated feed and tack room Additionally, the property boasts a large metal garage for extra storage and 5,000-gallon holding tanks, ensuring ample water supply. Fully fenced for privacy and security, this property is a true gem for those seeking a blend of comfort, space, and top-notch amenities.

7300 N Snow Bowl Road Flagstaff, AZ 86001

$2,500,000
3 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6734405
Property Type Single Family Residence
Price Type --
Discover the beauty of this stunning home, perfectly nestled amidst the majestic San Francisco Peaks. Set on an expansive 11.79-acre lot backing up to the Coconino National Forest, this thoughtfully designed 1,921 sq ft residence features 3 bedrooms and 2 bathrooms. Inside, every window offers breathtaking views, enhanced by newly added remote-controlled Hunter Douglas shades. The kitchen is a chef's dream, equipped with a top-of-the-line Fisher and Paykel double dishwasher, a new stainless steel double oven, and a deep copper sink. Flagstone and hickory floors throughout add a touch of rustic elegance. Beyond the main house, you'll find a 2,814 sq ft heated barn with 6 oversized horse stalls, Nelson waterers, a workbench, and a tack room with water. The property also includes two large turnout areas, one featuring a competition dressage arena, and the other a jumping arena. There is also plenty of room for a pasture. Two wells provide ample water supply for the property. Conveniently located less than a mile from Snowbowl and less than 5 miles from town, this property offers unparalleled accessibility. Enjoy unlimited horseback riding with direct access to the National Forest from your backyard. Bring your horses out of the heat to this cool mountain retreat. With no HOA restrictions, you have the freedom to personalize and utilize the property as you wish. Experience the perfect blend of luxury, privacy, and equestrian paradise when you tour this remarkable property.

2017 N 1st Avenue Phoenix, AZ 85003

$2,500,000
2 Beds
6 Baths
5,224 SqFt
Status Active
MLS # 6757718
Property Type Townhouse
Price Type --
Chateaux on Central, a collection of unique 5 Story brownstones in the heart of the Phoenix Arts district. Residence 18, designed by renowned interior designer Beth McGehee/SB Design Studio, has impeccable flair. 5 Levels of opulence w/ refined features: Stately gated front entry courtyard, commercial grade elevator, wood floors, award winning kitchen w/ Wolf & Sub-Z appliances. 5th Floor for large scale entertainment w/ an end unit terrace, unbeatable city skyline views & kitchen service. Lower level guest suite w/ separate entry & laundry, multiple private terraces throughout & 2 car garage. Walking distance to restaurants, bars, coffee shops, theatre, light rail - minutes from Sky Harbor Airport & all points downtown (sports venues) by rail or by car. Treat yourself to this experience!

3816 N 53rd Way Phoenix, AZ 85018

$2,500,000
4 Beds
3 Baths
2,752 SqFt
Status Active
MLS # 6757152
Property Type Single Family Residence
Price Type --
This is the quintessential Arcadia proper home. Located just steps to Hopi Elementary. This large lot offers plenty of space to entertain and relax at home. All new windows offer the natural light that we all love. The updated kitchen expands the possibilities of luxury life in Arcadia proper. Come tour this home today!

20689 E Pummelos Road Queen Creek, AZ 85142

$2,500,000
5 Beds
4.5 Baths
4,323 SqFt
Status Active
MLS # 6763001
Property Type Single Family Residence
Price Type --
Make no mistake, this is THE ONE! Check out this 4,323 sq. ft, TRUE 5 bedroom 4.5 bath, 3 Car Garage PLUS a 16x45 RV GARAGE in the heart of Queen Creek on nearly a 1/2 ACRE Lot. Located in the exclusive GATED community of Bridle Ranch, this Single Level home has the PERFECT floor plan, featuring an office, flex space & a NEXT-GEN SUITE! The main living space is on point & is designed for entertaining w/ its GOURMET Kitchen, Upgraded appliance package including 2 DISHWASHERS, a HUGE pantry & over sized island. The Primary Suite has great natural lighting & the bathroom of your dreams, with an over-sized soaking tub, rain shower, great counter space & 2 CLOSETS. Enjoy the indoor/outdoor living w/ the 20ft glass doors that lead out to your dream backyard & enjoy your heated DIVING Pool, SPA & fire pit. This insulated & AIR CONDITIONED RV Garage features pull-thru Roll Up Doors for easy access with all your Toys. Use it as an RV garage or as an extension of entertaining with the 16ft sliding door, extended covered patio, & built in outdoor kitchen, the potential is endless. Located within walking distance to the newest entertainment, restaurants & shopping (Fat Cats, Pecan Lake Entertainment, Horseshoe Park & Botanical Gardens), this place is what you have been looking for!

6101 E Maguay Road Cave Creek, AZ 85331

$2,500,000
4 Beds
4 Baths
4,934 SqFt
Status Active
MLS # 6760006
Property Type Single Family Residence
Price Type --
Horse lovers, come and get it! This 5-acre Equestrian's dream is less than 1 mile north from downtown Cave Creek. Tucked away on a private dead end street, this property offers the ideal mix of privacy & access w/ gorgeous 360-degree mountain views. Timeless yet modern designer aesthetics throughout the 4900 sqft home. It is constructed w/ 4 bedrooms, 3 of which are full ensuites, 2 full beautiful kitchens each w/ walk-in pantries, a separate office, and full walkout downstairs' with storage or bonus room for your imagination. The triple hinged balcony doors are an entertainer's delight. Imported Italian & Spanish tile, Canadian wood flooring, and craftsman welded railings deliver on the word custom. The main kitchen is equipped w/ Bosch Appliances and a 129 bottle dual zone wine cooler The horse set up offer a 4 stall barn with attached run outs, and separate tack and supplement rooms. There is a large fenced turn out to the west of the property. There is a level area just east of the house that would be ideal for an arena. Convenient vehicle access to the barn through a separate gate for your hay and shavings deliveries as well as trailer parking. You can ride to the trails right from your property. ***** No Flood Plain on this property ****

7823 E Celestial Street Carefree, AZ 85377

$2,500,000
5 Beds
6 Baths
5,138 SqFt
Status Active
MLS # 6767227
Property Type Single Family Residence
Price Type --
STUNNING HOME IN CAREFREE, AZ- A BREATHTAKING 5-ACRE ESTATE OFFERING UNPARALLELED PRIVACY, LUXURY, AND CLASSY SOUTHWESTERN-MEETS-MEDITERRANEAN CHARM. THIS ELEGANTLY ECLECTIC PROPERTY HAS 5,325 SQ FT OF THOUGHTFULLY DESIGNED LIVING SPACE FEATURING EXPOSED WOOD BEAMS & ADOBE-STYLE STUCCO EXTERIOR WALLS. INSIDE, THE HOMES OFFER 5 SPACIOUS BED RMS & 6 BATHS, IDEAL FOR LG FAMILIES OR HOSTING GUESTS. THE HEART OF THE HOME IS A BEAUTIFULLY APPOINTED KITCHEN WITH CUSTOM CABINETRY & A COZY LIVING ROOM. EXPANSIVE WINDOWS THROUGHOUT THE HOME PROVIDE AN ABUNDANCE OF NATURAL LIGHT & PANORAMIC VIEWS OF THE SURROUNDING DESERT LANDSCAPE. STEP OUTSIDE TO A LUXURIOUS RESORT- STYLE POOL & SPA, THE ULTIMATE RETREAT FOR RELAXING & ENTERTAINING. THE ESTATE ALSO FEATURES A 720 SQ FT GUEST HOUSE, OFFERING A PRIVATE OASIS WITH TREES; EQUIPPED WITH HORSE PRIVILEGES, AND ACCESS TO 11 MILES OF THE GALLOWAY PRESERVE. THIS PROPERTY IS AN EQUESTRIAN'S DREAM WITH AMPLE ROOM FOR HORSE FACILITIES, PRIVATE WELL, GARDENS, OR FUTURE EXPANSIONS, ALL SURROUNDED BY THE SERENE BEAUTY OF THE SONORAN DESERT. THIS CAREFREE ESTATE COMBINES CUSTOM SICILIAN-STYLE TILE ACCENTS WITH MODERN SOUTHWESTERN COMFORTS, OFFERING A GREAT OPPORTUNITY TO OWN A SLICE OF ARIZONA PARADISE. DON'T MISS OUT ON THIS EXCEPTIONAL PROPERTY!

27211 N 111 Street Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
3,653 SqFt
Status Active
MLS # 6762898
Property Type Single Family Residence
Price Type --
Nestled in the serene landscape of North Scottsdale, this rustic luxury retreat offers a peaceful escape on 4.76 acres of tranquil desert beauty, complete with unobstructed panoramic views. The residence features a split floor plan with three bedrooms, including a luxurious primary suite with immediate patio access, a spacious walk-in closet, two private bathrooms one of which is spa-like featuring neutral and granite finishes, a separate shower, and a sumptuous soaking tub. Two additional bedrooms and office space are located on the opposite side of the home for added privacy. A private exterior entrance leads to the dedicated office space, ideal for remote work. The property boasts a sparkling pool, relaxing hot tub, an outdoor fireplace, and a rooftop deck—perfect for watching Arizona's breathtaking sunsets. The bonus game room offers direct patio access to the pool and outdoor fireplace, creating the perfect entertainment space for both indoor and outdoor living. The home includes three full bathrooms, a powder room off the kitchen, and an additional powder room connected to the game room with direct access from the pool. Recent updates include a new air conditioning unit in 2021, a new roof in 2022, and a sun screen on the patio near the game room, installed in 2019. With an updated kitchen, private casita, wrap-around driveway, and detached work garage ideal for a mechanic or great storage for your car collection, this property is the perfect blend of rustic charm and luxury, offering a peaceful sanctuary in the heart of the desert.

5060 S Avenida Corazon De Oro -- Gold Canyon, AZ 85118

$2,500,000
4 Beds
3.5 Baths
4,765 SqFt
Status Active
MLS # 6779848
Property Type Single Family Residence
Price Type --
MLS lot listing 6632766 and lot listing 6535955 to be included in the sale. Experience luxury living at Vista Del Corazon in this custom hillside estate totaling 1.91 acres spread over 3 lots overlooking the 4th hole of the Dinosaur course at Gold Canyon Resort, framed by the stunning Superstition Mountains. This estate's disappearing glass wall seamlessly connects indoor and outdoor spaces, revealing mountain views from the gourmet Thermador kitchen with dual islands and tons of storage. Entertain in style with a formal dining/billiards room and wet bar and home theatre. The primary suite offers panoramic views, dual vanities, an oversized shower, and dual closets. Outdoors, a zero-edge pool and spa, paired with travertine tile, create a perfect multiple tiered entertaining space.

10699 E Fernwood Lane Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
2,990 SqFt
Status Active
MLS # 6776062
Property Type Single Family Residence
Price Type --
Beautiful soft contemporary golf course home. Offering views of mountain vistas, sunsets, and city lights! Featuring 3 bedrooms and 3.5 bathrooms, natural wood flooring, upgraded custom cabinets throughout, granite and quartzite countertops, 2 fireplaces and separate wet bar. Private outdoor living with sparkling pool, built-in bbq, and multiple patio spaces to enjoy the sunrise, sunsets, and twinkling valley lights. Full golf membership available.

10362 E Nolina Trail Scottsdale, AZ 85262

$2,500,000
4 Beds
4.5 Baths
3,901 SqFt
Status Active Under Contract
MLS # 6771865
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE. Ideal location within the world class community of Desert Mountain. This beautiful home is being sold fully furnished. Lovely backyard backs to very private, natural open space on two sides with mountain views Walking distance to Sonoran Fitness Club. Impeccable home with fabulous kitchen & family room; beautiful dining room & sitting room with fireplace all looking out onto pool, patio & mountains; All rooms have large, wonderful glass windows bringing the outside in. 4 large on-suite bedrooms; wonderful bar. 3 car garage. A great home for entertaining!

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