Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.  Give me a call to find out what’s happening in the real estate market in your neighborhood – J.P. Cook – 602-320-4253.

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6060 S Antonio -- Mesa, AZ 85212

$691,995
4 Beds
2.5 Baths
2,412 SqFt
Status Active
MLS # 6811024
Property Type Single Family Residence
Price Type --
This beautifully crafted Craftsman-style single-story home offers 2,412 square feet, 4 bedrooms, and 2.5 baths. The well-equipped kitchen offers a large center island, ample cabinet space, and beautiful stainless steel appliances. The home features warm contemporary designer finishes throughout the home. The estimated completion for this home is August 2025. Don't miss this opportunity!

24018 N 165th Drive Surprise, AZ 85387

$691,995
5 Beds
3 Baths
2,565 SqFt
Status Active
MLS # 6801541
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Embrace the pinnacle of luxury living in this stunning 2,565 sq ft home (5 BEDROOM 3 BATH) boasting not just ample space but a lifestyle of comfort and prestige. Featuring a chef's kitchen with ceiling-high white cabinetry, a high-end Wolf gas range, 2024 refrigerator, granite countertops, and a designer backsplash, this home caters to culinary enthusiasts. The open floor plan integrates seamlessly with a private resort-style backyard, complete with a tranquil pool with waterfalls, BBQ island area, sunscreens and Removable Pool Fence for utmost privacy and enjoyment. The primary suite offers a serene sanctuary with a walk-in shower enhanced by a rain shower fixture, expansive walk-in closet, and a secluded water closet. Additional luxurious amenities include a large bonus/game room (4th Bed) with its own closet, a den with double door entry (5th Bed) and walk-in closet, PAID SOLAR PANELS, and a three-car garage with sleek epoxy floors. This home is more than just a place to live it's a lifestyle upgrade designed for those who appreciate a blend of elegance and functionality in a serene, sought-after community. Experience comfort, convenience, and luxury in your new home. Ideal for families and entertainers alike, this property promises to be your private oasis and a smart, stylish haven for making lasting memories.

12312 W Luxton Lane Avondale, AZ 85323

$691,038
4 Beds
3 Baths
2,497 SqFt
Status Active
MLS # 6696707
Property Type Single Family Residence
Price Type --
This 4-bedroom 3-bathroom home that boasts 10 foot ceilings, 8 foot interior doors and a 3 car garage. Designer finishes throughout make this home as beautiful as it is functional. The gourmet kitchen features an oversized island, upgraded countertops and cabinets and GE stainless steel appliances. You will love the finishes throughout the home including designer selected tile flooring, upgraded carpet and pad in all bedrooms and gorgeous backsplash in the kitchen and Owner's Bath. Find time for yourself in your huge Owner's Retreat with a large bathroom featuring a Super Shower with tile surrounds and oversized walk in closet. Your 16' multi-slide glass door opens to a large covered patio and oversized backyard. 2x6 construction and extensive new home warranty.

2466 W Rowel Road Phoenix, AZ 85085

$690,940 - 4Br/4Ba -  for Sale in Norterra Parcel 24, Phoenix
Open House
$690,940
4 Beds
3.5 Baths
2,511 SqFt
Status Active
MLS # 6808998
Property Type Single Family Residence
Price Type --
SPECIAL FINANCING for a limited time. Terms and conditions apply. Ask sales agent for details.This home offers 2,511 sq ft of living space with 4 bedrooms, 3.5 bathrooms, large 2-car garage, walk-in closets in every bedroom and the primary and secondary bedrooms feature their own ensuite bathrooms for added privacy and comfort This home features the Elite Design package of upgrades, including burlap cabinets, quartz countertops, custom backsplash, large island in great room, stainless-steel GE Cafe kitchen appliances and single bowl sink. All bathrooms have quartz countertops with Kohler undermount sinks. Quality and energy efficiency includes tankless hot water heater, Tech Shield roof barrier & blown in wet cellulose insulation. Union Park, residents can indulge in amenities including

1310 S Vine Court Gilbert, AZ 85233

$690,900
4 Beds
2 Baths
2,374 SqFt
Status Active
MLS # 6817673
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of Gilbert! This stunning single-story beauty features a split floor plan with 4 spacious bedrooms, 2 baths, & a 3-car garage. The oversized yard is a private oasis with lush grass, mature shade trees, a full-length patio, & a 10' RV gate. Inside, enjoy a luxurious master suite with a private entry, his & her sinks, & walk-in closet. Upgrades include surround sound & a whole-house water treatment system. Just a 10-minute walk to downtown Gilbert, steps from Paseo Trail, & around the corner from the community park & playground. Conveniently in between the 202 & 60 freeways, you're just minutes from dining & shopping near the SanTan Mall. Don't miss out on this beautiful home offering the perfect blend of comfort, convenience, & charm!

4275 E Bernice Street Gilbert, AZ 85295

$690,895
4 Beds
2.5 Baths
1,869 SqFt
Status Active
MLS # 6811012
Property Type Single Family Residence
Price Type --
Welcome to the Fantastic Cooley Station in Gilbert! This beautiful Cavalcade plan,1869 sf single story is our most popular of our Seaboard homes. Beautifully laid out with 4 bedrooms and 2.5 bath. Large spacious great room open gourmet kitchen. The master bedroom has a French door to a large covered patio and features an roomy walk in closet and beautifully appointed master bathroom highlighted by a gorgeous spa shower. Beautiful upgraded flooring shows off the wonderful great room which open to an outside with a expansive 16' atrium glass door. The gourmet kitchen features upgraded 42'' upper cabinets with upgraded crown molding. The granite countertops highlighted by upgraded backsplash. This home shows like a dream.

573 E Citrus Hollow Way Queen Creek, AZ 85140

$690,228
2 Beds
2 Baths
1,928 SqFt
Status Active
MLS # 6567505
Property Type Single Family Residence
Price Type --
Indulge in the epitome of refined living with this exquisite 2 bed, den, 2 bath home, boasting over 1,900 sq. ft. of luxury and elegance. From the moment you step inside you'll notice this Nice plan has detail found throughout. The heart of the home is a culinary enthusiast's dream - a gourmet kitchen that exudes sophistication with its pristine white cabinets and an impressive array of high-end stainless steel appliances. Whether you're whipping up a quick breakfast or preparing a lavish feast, this kitchen is sure to inspire your inner chef. The thoughtfully upgraded baths elevate your daily routine to a spa-like experience, featuring tasteful finishes and modern fixtures. Imagine unwinding in the serene ambiance of your master bath after a long day. This home is ready for you!

19094 E Broadmoor Trail Queen Creek, AZ 85142

$690,086
4 Beds
3 Baths
2,474 SqFt
Status Active
MLS # 6819716
Property Type Single Family Residence
Price Type --
MLS# 6819716 New Construction - May Completion! Welcome to the Cambridge, a beautiful new home at Legado Landmark! The inviting front porch sets the tone for this thoughtfully designed home. Step into the foyer, where a hallway leads to three secondary bedrooms, one with its own private bath and two sharing a full bathroom, on one side, and the study, drop zone, laundry room, and garage entry on the other. Continue into the heart of the home, where the spacious, open kitchen overlooks the gathering room and dining area, creating the perfect space for entertaining or everyday living. Step outside to the covered patio and enjoy the fresh air. The primary suite is tucked away for added privacy and features a luxurious en-suite with dual sinks, a large shower, and a spacious walk-in closet. Structural options added include: Gourmet kitchen, extended laundry room in place of tandem garage, and iron front door.

7694 S Reseda Street Gilbert, AZ 85298

$690,000 - 4Br/3Ba -  for Sale in Adora Trails Parcel 7, Gilbert
New
$690,000
4 Beds
3 Baths
2,121 SqFt
Status Active
MLS # 6830817
Property Type Single Family Residence
Price Type --
Welcome to this stunning 4-bedroom, 3-bathroom home with a den and a sparkling pool, nestled in the highly sought-after Adora Trails community! This upgraded home offers incredible curb appeal with a well-manicured front & backyard, paver driveway, RV gate, and a spacious 2-car garage complete with mini-split, built-in cabinets, overhead storage & an epoxy floor. A gated entryway and elegant iron front door set the stage for the beauty inside. Step into the inviting great room, where you'll find premium wood-look tile flooring, plush carpet in three bedrooms, and neutral tones throughout. A triple-slider door seamlessly blends indoor and outdoor living, leading to your private backyard oasis. The kitchen is a chef's dream, featuring stainless steel appliances, granite countertops, a... ...walk-in pantry, under cabinet lighting, recessed lighting, and pendant lighting above the island and breakfast bar. The luxurious primary suite offers an ensuite with dual sinks, a separate soaking tub & shower, and an oversized walk-in closet with a custom Classy Closet system. Step outside into your resort-like backyard, perfect for entertaining! Enjoy a covered patio, a pergola with additional seating, a built-in BBQ, a putting green, and a sparkling pool with a waterfall. Stay cool with newly installed professional misters, making summer days a breeze. In the winter, soak in the hot tub that seats seven and gaze up at the stars. Additional features include a tankless water heater and a soft water system. This home is located in the master-planned community of Adora Trails, offering a 10-acre park, fishing lakes, scenic walking trails, a clubhouse with a state-of-the-art fitness center, a heated resort-style pool, basketball courts, and community events. Residents enjoy top-rated Chandler schools, including a neighborhood elementary school, and easy access to shopping, dining, and major freeways. Don't miss this incredible opportunity to own a home in one of Gilbert's premier communities!

3058 E Spring Wheat Lane Gilbert, AZ 85296

$690,000
3 Beds
2 Baths
1,694 SqFt
Status Active
MLS # 6738556
Property Type Single Family Residence
Price Type --
This beautifully sought after Warner Groves at Morrison Ranch residence is an upgraded 3-bedroom, 2-bathroom home that offers a perfect blend of modern upgrades and comfortable living. As you step inside, you'll immediately notice a warm and inviting atmosphere. There is a massive amount of storage everywhere. You will love the gourmet kitchen that includes cappucino stained Maple staggered cabinets, granite counters and backsplash, and stainless appliances. The bedrooms are cozy with like new carpeting, while the rest of the home features tile flooring. The primary bedroom boasts a huge walk-in shower and closet. The perfect entertaining backyard boasts with a large built-in BBQ, bar area, pergola, relaxing firepit, and putting green. Located in the highly rated Highland School District You'll also appreciate the convenience of being close to freeways, shopping, and top restaurants at the Epicenter at Agritopia. Don't miss out on this exceptional home in Warner Groves at Morrison Ranch. Schedule a showing today and experience all it has to offer!

20113 N Lagos Court Surprise, AZ 85374

$690,000
2 Beds
2 Baths
1,870 SqFt
Status Active
MLS # 6824855
Property Type Single Family Residence
Price Type --
A favorite Del Webb home, the Palo Verde, located on a cul de sac, backyard has expansive S/E views of Green #1 at Desert Springs golf course (golf cart path on opposite side). Home has been customized, remodeled, extended, replaced, installed and updated to over $125,000. Key features include: extended patio & roof, added front courtyard, fully paid solar, re-roofed 2023, extended garage with built-in cabinets, wrought iron fence in backyard, remodeled kitchen and baths, stone media wall with fireplace, refreshment bar with built-in cooler, plantation shutters on all windows and patio slider, installed PVC irrigation, professionally cleaned and interior recently painted...... Extra bonus is a wonderful neighborhood waiting for a new neighbor.

7211 N Andromeda Way Lakeside, AZ 85929

$690,000
4 Beds
2.5 Baths
2,368 SqFt
Status Active
MLS # 6785547
Property Type Single Family Residence
Price Type --
Highly sought after Starlight Ridge in the beautiful White Mountains of Arizona. Luxury cabin living with real attention to detail. Gorgeous knotty alder cabinets, Granite through out and black stainless appliances adorn the kitchen. Open floor plan with stone to ceiling fireplace - and walk out to the spacious rear deck. Enjoy the eat in kitchen with extra large island or the formal dining area. When you walk in be prepared to be Wowed! The master suite is spacious with a on suite to die for! Copper tub, tile surround shower and his and her vanities with a huge walk in closet. There is an additional guest room/ office on the master side too! Bedrooms 3 and 4 are located on the opposite side of the home with a Jack and Jill full bath.

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