Instant Reaction: S&P/Case-Shiller Index

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller index national home-price index reading for December:

“Rising mortgage rates should not be boosting home prices, yet home values accelerated with a 5.8% annual gain in December (according to the S&P/Case-Shiller home price measurement). Price gains had been a tad lower in the prior months.

Why is it accelerating? The continuing shortage of inventory is leading to active competition among buyers. Other price trends for January, including NAR’s median sales price, is showing even faster gains. Such a trend of price growth outpacing incomes is not healthy nor sustainable. Only an increase in inventory can soften the price pressure. Any impediments to new home construction need to be re-examined and possibly removed soon.”

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29851 N 78th Way Scottsdale, AZ 85266

$1,299,999
4 Beds
2.5 Baths
2,879 SqFt
Status Active
MLS # 6768319
Property Type Single Family Residence
Price Type --
Prepare to be amazed! Check out this wonderful 4 bed, 2.5 bath residence now on the market! Nestled on a premium corner lot w/fantastic mountain views & featuring great curb appeal, desert landscape, and a 3 car garage. Inside you will find a spacious open floor plan w/high ceilings, elegant new flooring, luxurious light fixtures, neutral palette throughout, and a cozy fireplace. The formal dining room is ideal for hosting a dinner party! Prepare delicious meals in this gorgeous kitchen, comprised of wood cabinetry w/granite counters, a pantry, stainless steel appliances, and a lovely island. Double doors open up to the primary bedroom, showcasing a walk-in closet, and a lavish ensuite w/dual vanities. Don't forget about the large den, perfect for an office or lounge area. Lastly, the expansive backyard includes a covered patio and a sparkling blue pool/spa combo! The home of your dreams is here, hurry and act now!

8114 E Via Del Sol Drive Scottsdale, AZ 85255

$1,299,999
5 Beds
3 Baths
2,961 SqFt
Status Active
MLS # 6784353
Property Type Single Family Residence
Price Type --
1+ Acre North Scottsdale Estate! Newer AC and Roof! Check out this fantastic 5 bed, 3 bath residence now for sale in Pinnacle Peak Estates! Great curb appeal, a low-care desert landscape, 3 car side garage, a circular driveway, and a welcoming front porch are just the beginning. Inside you will find a sizeable living area and formal dining room w/soft carpet in all the right places, dazzling light fixtures, and neutral palette throughout. Continue into the cozy family room, showcasing coffered ceilings, a beehive fireplace, outdoor access w/elegant French doors, and a wet bar. The fabulous kitchen is equipped w/ample wood cabinetry, tile counters & backsplash, built-in appliances, and a breakfast nook w/a lovely bay window. Home is priced with consideration for updating. Don't Wait! The primary bedroom boasts a walk-in closet and a private ensuite w/dual sinks for added comfort. Don't forget about the cozy AZ room, where you can sit back and enjoy a relaxing evening. Lastly, the expansive backyard includes multiple seating areas and a sparkling blue diving pool! Your new home is waiting for you, hurry and act now!

1921 S Santa Anna Drive Chandler, AZ 85286

$1,299,999
5 Beds
3 Baths
3,824 SqFt
Status Active Under Contract
MLS # 6723948
Property Type Single Family Residence
Price Type --
Rare chance to own a recently remodeled home in the heart of Chandler that features a 4-car garage and resort style backyard. Located in the highly desirable gated community-Germann County Estates, you have easy access to multiple freeways, shopping, restaurants, and entertainment. Walk in the front door working on your golf game, cutom patio coverings with misting systems, oversized pool, jacuzzi, sunken kitchen with swim-up-bar, custom area for golf simulator, RV gate, and custom lighting all around. Don't miss this opportunity as they don't come very often in this area!

1328 E Pomelo Grove Lane Phoenix, AZ 85014

$1,299,995
4 Beds
2.5 Baths
2,554 SqFt
Status Active
MLS # 6724512
Property Type Single Family Residence
Price Type --
Constructed in 2022 by Boyer Vertical, this stunning 4 bed/2.5 bath modern home resides in the smart home community of KARMA, located in the coveted Madison Heights neighborhood of North Central Phoenix. Built with sustainability in mind, this home features a tightly sealed envelope, thanks to top quality spray foam insulation and is on the forefront of technology with its SPAN electrical panel, VELUX retractable Skylights, Energy Star rated appliances, a tankless water heater, Nest thermostats, and an EV charger achieving a 50 point HERS certification. Natural light beams throughout the main floor as you are greeted by a sleek and modern kitchen featuring high-end Dacor and Fisher Paykel appliances and a waterfall edge island that serves as a versatile hub for cooking, casual dining, and socializing. The bright and open living and dining room make the perfect retreat to experience seamless indoor-outdoor living through the triple sliding door to your inviting backyard which includes a heated pool with water features and mountain views and a patio perfect for alfresco dining or lounging. Also located on the first floor is a beautiful powder bath and the spacious primary suite, which provides comfort and ease featuring a full-size stackable Samsung washer and dryer, a spacious walk-in closet, and a spa-like primary bath with dual vanities and walk-in shower. Upstairs you will find three additional spacious bedrooms, a modern bathroom with dual vanities and a shower/tub combo, sleek storage cabinets and hookups for a space efficient washer and dryer. This one of a kind home is at the epicenter of some of the best experiences Central Phoenix has to offer. From award winning restaurants, popular hiking trails, shopping, resorts, and more - this home is your opportunity to live sustainably without compromising luxury or an elevated lifestyle.

9252 E Whitethorn Circle Scottsdale, AZ 85266

$1,299,995 - 3Br/3Ba -  for Sale in Boulders Carefree Unit 14, Scottsdale
Open House
$1,299,995
3 Beds
3 Baths
2,699 SqFt
Status Active
MLS # 6775889
Property Type Townhouse
Price Type --
Here's your opportunity to live in the Splendor of The Boulders Resort & Spa Scottsdale. Luxury awaits you with this 2699 sq. ft fully furnished, turn key villa townhome, tucked away on a quiet cul-de-sac with community pool and adjacent to the Boulder Resorts. Whether you're looking for a primary residence, vacation home, or an investment property with exceptional rental income potential, this home delivers on all fronts. This 3 bedroom/3 bath home has vaulted ceilings with charming vegas, open living room with fireplace, large family room with space to accommodate casual entertaining and dining as well. Spacious Primary Suite with large second closet that can be locked as owner storage. Both guest rooms have private bathrooms. Two car garage. Wrap around patios to dine and unwind. A 33,000 sq. ft. luxurious spa, championship golf and exclusive service await in a uniquely dramatic setting - 1,300 acres of the Sonoran Desert foothills with panoramic views of 12-million-year-old boulder formations. Besides 2 championship golf courses, this sprawling resort has plenty of on-site recreational activities such as racquet sports pavilion including 12 newly expanded pickle ball courts and tennis, swimming, hiking and rock climbing, cooking classes, etc.. If that wasn't enough, the stylish restaurants offer captivating views from every turn or relax and enjoy the new main pool.

32853 N Bell Road Queen Creek, AZ 85144

$1,299,990
4 Beds
3 Baths
2,637 SqFt
Status Active Under Contract
MLS # 6781128
Property Type Single Family Residence
Price Type --
Welcome to your dream home, built in 2023 by San Tan Homes. This impressive property spans 2,637 square feet and features a carefully designed layout with 4 bedrooms and 3 bathrooms; sitting on over 2 acres (2 parcels)at the base of the San Tan Mountains. 2 bedrooms are separated with their own shared full bath while the 3rd bedroom is complete with its own bathroom for ultimate privacy and comfort. The open kitchen has plenty of cabinet space and a large island overlooking the spacious family room. The primary suite opens to a beautiful outdoor living space, offering a serene retreat. Dual vanity, a large shower, and a very spacious closet. Outdoor living is a highlight of this home, with multiple inviting spaces including a front courtyard and a full covered patio off the family room The backyard boasts a private pool and a gazebo, perfect for entertaining or relax and unwind. This home has a 4 car garage PLUS a 40x40 dual RV garage/shop with outdoor powder room for convenience. Experience luxurious, easy living in this thoughtfully designed home that truly has it all!

1322 W Indigo Drive Chandler, AZ 85248

$1,299,990
4 Beds
3.5 Baths
3,858 SqFt
Status Active
MLS # 6783151
Property Type Single Family Residence
Price Type --
Beautiful 4-Bedroom Basement Home on Ocotillo Golf Course in Chandler, AZ This immaculate 4-bedroom Plus Den, Bonus Room & Basement, 3.5-bath home is a golfer's dream, with stunning views of Ocotillo Golf Club. Set on a quarter-acre lot with a large covered patio, pool, spa, and view fencing, it's perfect for relaxation and entertaining. Inside, enjoy hardwood floors, travertine, remodeled baths, and an updated kitchen with stainless steel appliances. The split-floor plan includes a bonus room, office, and basement. Located in a top school district, close to Price Corridor, Village Health Spa, and shopping, this well-maintained home combines luxury and convenience in a single-level community. This home has been a one family home! Well cared for ready for you!

7247 N 6th Place Phoenix, AZ 85020

$1,299,950
4 Beds
3 Baths
3,128 SqFt
Status Active
MLS # 6761156
Property Type Single Family Residence
Price Type --
Realize your dream home in the heart of North Central Phoenix, surrounded by multi-million-dollar estates. This perfectly remodeled ranch-style residence, featuring a versatile second story, offers an ideal blend of comfort and functionality, perfect for both work and family life. Sixth Place, south of Orangewood Avenue is in a coveted community and delivers impressive curb appeal in a true neighborhood. Inside, over $200,000 was invested in renovations over the past two years. Upgrades include luxury vinyl plank flooring, high-end carpet, and porcelain tile, a new roof (2023), two new AC units, solar panels, and fresh interior paint. The kitchen windows flood the space with natural light framing the exclusive nook and countertop. Choose the oversized island or move into the dining or large family room with views of the park-like backyard, for meals or fun gatherings. The split primary suite boasts motorized shades, two walk-in closets, and a deluxe bath area. On the opposite side of the home, you'll find three additional bedrooms and two bathrooms. The expansive upstairs room is perfect for entertaining or as a spacious home office, featuring vaulted ceilings, ample storage and dual-pane windows throughout. Enjoy your playful paradise as the expansive backyard showcases a large covered patio, diving pool, lush grass space, and mature shade trees. With easy access to all areas of the Valley, your new home offers the ultimate in convenience and luxury living.

37751 N Linda Drive Cave Creek, AZ 85331

$1,299,900
3 Beds
2 Baths
2,501 SqFt
Status Active
MLS # 6771022
Property Type Single Family Residence
Price Type --
Brand New and Move-In Ready! Nestled into a mountain outcropping, an acre lot with no HOA, this gorgeous, modern home offers stunning, up-close views and intimate privacy. Enjoy nearby hiking at Black Mountain Summit Trail and a convenient commute to local shops and dining. Inside, high ceilings, 8' doors, and designer finishes create a light-filled, open-concept living space. The gourmet kitchen boasts a large granite island with bar seating, premium appliances, and a spacious walk-in pantry, flowing seamlessly into the Great Room with a striking fireplace. The luxurious, split primary suite enjoys incredible views of Black Mountain and access to the outdoor patio, perfect for adding a hydro spa for stargazing. The spa-like bathroom boasts dual vanities, a soaking tub, and a large shower with dual heads. Two additional bedrooms include walk-in closets, and an office, (or 4th bedroom) has access to the courtyard. The home is complete with a 3-car garage, hobby room, and high-end finishes throughout, including designer lighting, custom tile, granite countertops, and premium cabinetry. Built by a trusted custom home team with 30+ years of experience, this home blends luxury, craftsmanship, and a prime, in-town location.

12121 E Remuda Lane Mayer, AZ 86333

$1,299,900
5 Beds
5 Baths
6,693 SqFt
Status Active
MLS # 6746811
Property Type Single Family Residence
Price Type --
Beautiful Home with Magnificent Views in Mayer with no HOA. Plenty of room for cars, toys, and much more on this 3+ acre lot. Downstairs features additional living area including: movie theater room, additional kitchen, 2 bedrooms with a luxurious steam shower in the bathroom. Walk out onto the covered patios for endless views. Home has zoned HVAC with 2 separate zones. Oversized Workshop below. Come take a look at this magnificent home and make it yours.

20554 W Pasadena Avenue Buckeye, AZ 85396

$1,299,900
3 Beds
3.5 Baths
3,341 SqFt
Status Active
MLS # 6756062
Property Type Single Family Residence
Price Type --
Stunning Serendipity by David Weekley home is situatted on corner lot facing Georgia Park in Victory at Verrado has 3 bed, 3.5 bath, den, & hobby room (set up as a gym), features a courtyard at front door with a fountain. Outdoor living abounds with a large covered north-facing rear patio, full-size pool w/ baja shelf, hot tub/spa, gas fire pit, & kitchen/bbq/bar area w/pergola. Inside, the home is equipped with so many options/upgrades/updates, including gourmet kitchen appliances, plantation shutters, upscale ceiling fans, RO system, & full house audio video by Control4. Engineered wood floors run throughout the home, with wood-look tile in the bathrooms. The home also features a spaciuos 2.5-car garage featuring an epoxy floor. Hurry, this will not last long!

24809 N Vado Court Rio Verde, AZ 85263

$1,299,900
3 Beds
2.5 Baths
3,170 SqFt
Status Active
MLS # 6777688
Property Type Single Family Residence
Price Type --
Spectacular Views on Amazing lot. This is the Location of locations. The Rodeo Drive of Rio Verde. Sprawling great room with amazing Mountain & Golf Course views. Heightened wood beam ceilings, Ceiling fans, Dining area & breakfast bar, granite counters fire place inside & out. Wrap around patio offers amazing views and several places to relax & enjoy the day. Huge elevated lot offers tons of privacy. Outdoor fireplace with built in BBQ. Garage features storage cabinets & a service door to walled & gated side storage area. Large separated bedrooms, jetted tub and so much more. Don't miss out, this type of property doesn't come along often.

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