Is Now a Good Time to Rent?

Is Now a Good Time to Rent? | Simplifying The Market

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | Simplifying The Market

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today!  Give me a call to get started – J.P. Cook – 602-320-4253.

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13401 N 78th Street Scottsdale, AZ 85260

$1,425,000
3 Beds
2 Baths
1,924 SqFt
Status Active Under Contract
MLS # 6780173
Property Type Single Family Residence
Price Type --
Incredible development opportunity in the hottest market in Scottsdale right now, 85260! Create your dream project for 2025 on nearly a full acre lot! A builders dream with a wide & deep footprint to create your own masterpiece! Enjoy an A+ location just minutes from Kierland Commons, Scottsdale Quarter, and the private Scottsdale Airpark. Whether you're envisioning a modern estate or a high-end investment property, this lot provides the perfect canvas. Don't miss this rare chance to build in one of Scottsdale's hottest markets. This is the opportunity you've been waiting for, come see today!

9588 E Preserve Way Scottsdale, AZ 85262

$1,425,000
4 Beds
4.5 Baths
3,214 SqFt
Status Active
MLS # 6773110
Property Type Single Family Residence
Price Type --
Located on the Legend Trail Golf Course, this exceptional home boasts breathtaking mountain views and approximately $100K worth of recent improvements. The large open kitchen features granite countertops, a spacious island, and an eat-in area with direct access to the covered patio, heated pool/spa, & BBQ pit, perfect for entertaining and relaxation. The great room offers a cozy gas fireplace, built-in niche, and double sliding doors that lead to the beautifully upgraded backyard. The master suite includes direct access to the pool and spa, providing a private retreat. All bedrooms are ensuite, with one offering separate courtyard access and views of Pinnacle Peak and the surrounding desert. Located in the prestigious Legend Trails, recognized as one of the Top 100 Facilities by Golf Magazine and Best Places to Play by Golf Digest, this home is ideal for those seeking luxury and tranquility in an unparalleled golf community.

20440 N 95th Place Scottsdale, AZ 85255

$1,425,000
3 Beds
2 Baths
2,091 SqFt
Status Active
MLS # 6781999
Property Type Single Family Residence
Price Type --
Magnificently Remodeled Home with Striking Style & Luxury at Desirable DC Ranch*Gated Community Adjacent to Park & Walking Trails to DC Ranch Market Street & Community Center*Recent Upgrades include, Cabinets, Carrier 17 Seer AC Units, Custom Front Door, Plumbing Fixtures, Flooring, Toilets, Sinks, Window Covering, Plus! Island Kitchen with Thermador/Sub-Zero Appliances, Gas cooktop, Wall Oven, Stainless Hood, Quartz Counters, Glass Tile Backsplash & a Stylish Custom Bar with Wine Fridge*All Open to Sizable Family Room with 3D Stacked Stone TV Wall & a Linear Fireplace*Elegant Living-Dining Room (All Half-Wall & Columns were removed)*Spacious Master Retreat with Nicely Appointed Bath Includes, Custom Cabinet, Quartz Vanities, Shower/Tub, Tile Floors & Walking Closet*Great Backyard feature Synthetic Grass, Newer Irrigation System & Backing to Natural Open Space! Move-in Ready! All Furnishings are Available by Separate Bill of Sale!

9430 N 25th Street Phoenix, AZ 85028

$1,425,000
3 Beds
3 Baths
2,725 SqFt
Status Active
MLS # 6693253
Property Type Single Family Residence
Price Type --
Welcome to your oasis in the gated community of Dreamy Draw Estates, nestled North of the Phoenix Mountain Preserve. This completely renovated home offers the perfect blend of design, luxury, comfort, and convenience. Step into single floor living where the open floor plan seamlessly connects the two living spaces with dinning and kitchen areas creating the perfect atmosphere for entertaining. The kitchen features new appliances, vaulted ceiling, oversized island and unique natural stone countertops. The wood burning fireplace is accompanied with a wet bar, wine refrigerator, and sleek granite counter tops. Situated moments from endless hiking, biking, and horseback riding trails. Easy access to state route 51 and minutes away from Downtown Phoenix, Paradise Vally and North Scottsdale.

3314 E Azalea Drive Gilbert, AZ 85298

$1,425,000
6 Beds
4.5 Baths
4,554 SqFt
Status Active
MLS # 6699370
Property Type Single Family Residence
Price Type --
5.99% Available on this Home! Entertainers Dream Home meets Luxury Family Home w/5 Bedrooms Plus a Casita, 4.5 Bathrooms and a 3 Car Garage that is Located on a PREMIUM Oversized Lot in Gilbert. THE BRIDGES Community is a Highly Desirable Neighborhood in Gilbert. Over $250,000 has been spent on the home for the Heated Pool/Spa, Landscaping, Pavers, Enclosed AZ Room, Owned Solar (19 KWS). The Premium Location is just a short walk from the New Gilbert Regional Park. The Downstairs features a Master Retreat with His & Her closets, Dual Sinks, Soaking Tub & walk-in shower. A Detached Casita is perfect for NextGen Families, Home Theater, Bonus Game Room, Office, Gym, or Guests visiting for the Holidays. The Backyard is perfectly set up for Entertaining, Large Family Gatherings, Kids Playground

20063 N 83rd Place Scottsdale, AZ 85255

$1,425,000
3 Beds
2.5 Baths
2,704 SqFt
Status Active
MLS # 6740838
Property Type Single Family Residence
Price Type --
Step into this exquisite single-story home nestled on a coveted corner lot overlooking the lush Golf Course in the exclusive guard-gated Talon Retreat community at Grayhawk. This TW Lewis home offers stunning sunrises, tranquil desert views and vibrant golf course activity. This refined residence offers an open floor plan with soaring 12' ceilings, gas fireplace with natural stone surround, a gourmet kitchen with elegant Shaker cabinets, sleek quartz counters with timeless Calacatta Gold marble herringbone tile backsplash. The serene primary suite provides a tranquil escape with a cozy sitting area and private access to a secluded patio. Relax in the backyard sanctuary complete with heated pebble tech pool, gas fire pit and sweeping mountain vistas. Situated in a peaceful and impeccably manicured neighborhood and a short leisurely stroll to a vibrant shopping district and exceptional dining.

32731 N 74th Way Scottsdale, AZ 85266

$1,425,000
5 Beds
4 Baths
3,738 SqFt
Status Active
MLS # 6731334
Property Type Single Family Residence
Price Type --
Located in the wonderfully discreet gated community of Las Piedras in North Scottsdale lies this exceptional residence. Directly across from the community pool, spa and fitness room it is accessed by a gated courtyard to the front door. The bright, spacious interiors begin with an open plan living area including the kitchen and breakfast nook, formal dining area and living room. Sliding doors open to a covered patio and private rear yard with putting green. The primary bedroom suite includes a large bedroom, beautifully appointed bathroom and fitted closet. The home is complete with 4 additional bedrooms, one used as a home office. From the front courtyard you access the guest house above the 3 car garage. Beautifully located near restaurants and shopping it offers luxury desert living.

6313 N 10th Drive Phoenix, AZ 85013

$1,425,000
4 Beds
3.5 Baths
2,680 SqFt
Status Active
MLS # 6725247
Property Type Single Family Residence
Price Type --
SELLER OFFERING 5.75% FINANCING RATE FOR 30 DAYS. COME SEE THIS GORGEOUS NEW CONSTRUCTION - CHOOSE YOUR HOME NOW. Blue Sky Homes are 50% MORE energy efficient than a standard new build and Energy Star / Indoor AirPlus Certified for cost savings and a significantly healthier home for you and your family. WELCOME TO ARUMA at CASA AZUL - We are a Newly Constructed 12 home subdivision exuding state of the art smart home features, notable sustainability with the intent of encouraging community and serenity. This 4 bedroom , 3 1/2 bathroom homes offers upgrades and amenities you won't find from any other new home builder Aside from our custom interior design features and highly desirable family friendly floor plans, we proudly offer all of the following upgrades in all of our Casa Azul homes .. 16' Sliding Glass Doors / Vaulted Ceilings / Smart Home Control Center Tablet / Smart lock & Keyless Entry / Smart Thermostat / Smart Home Pre-wiring for Complete Home Synthesis / Quartz Countertops & Custom Cabinetry / Energy Star Appliances / Oversized Bathrooms & Bedrooms / Covered Back Patios / Lifestyle Features / Serene Backyards / Electric Vehicle Charging Outlet / ENERGY STAR Certified / Indoor AirPLUS Certified / 3rd Party Audited Energy & HERS Score Rating / Spray foam insulation / Insulated Garage & Attic / EPA Water sense Toilets, Faucets, & Showers / LED Lighting /Insulated Owner's Suite for Efficiency & Sound / No VOC paint / Low VOC Engineered Flooring. Centrally located and close to all of the best restaurants and schools Arizona has to offer ... welcome to your new home!

6324 N 10th Drive Phoenix, AZ 85013

$1,425,000
4 Beds
3.5 Baths
2,696 SqFt
Status Active
MLS # 6733625
Property Type Single Family Residence
Price Type --
SELLER OFFERING 5.75% FINANCING RATE FOR 30 DAYS. COME SEE THIS GORGEOUS NEW CONSTRUCTION - CHOOSE YOUR HOME NOW Blue Sky Homes are 50% MORE energy efficient than a standard new build and Energy Star / Indoor AirPlus Certified for cost savings and a significantly healthier home for you and your family. WELCOME TO TOLTEC at CASA AZUL - We are a Newly Constructed 12 home subdivision exuding state of the art smart home features, notable sustainability with the intent of encouraging community and serenity. This 4 bedroom , 3 1/2 bathroom homes offers upgrades and amenities you won't find from any other new home builder Aside from our custom interior design features and highly desirable family friendly floor plans, we proudly offer all of the following upgrades in all of our Casa Azul homes homes .. 16' Sliding Glass Doors / Vaulted Ceilings / Smart Home Control Center Tablet / Smart lock & Keyless Entry / Smart Thermostat / Smart Home Pre-wiring for Complete Home Synthesis / Quartz Countertops & Custom Cabinetry / Energy Star Appliances / Oversized Bathrooms & Bedrooms / Covered Back Patios / Lifestyle Features / Serene Backyards / Electric Vehicle Charging Outlet / ENERGY STAR Certified / Indoor AirPLUS Certified / 3rd Party Audited Energy & HERS Score Rating / Spray foam insulation / Insulated Garage & Attic / EPA Water sense Toilets, Faucets, & Showers / LED Lighting /Insulated Owner's Suite for Efficiency & Sound / No VOC paint / Low VOC Engineered Flooring. Centrally located and close to all of the best restaurants and schools Arizona has to offer ... welcome to your new home!

31818 N 68th Street Cave Creek, AZ 85331

$1,425,000
5 Beds
4.5 Baths
4,232 SqFt
Status Active
MLS # 6744712
Property Type Single Family Residence
Price Type --
This 4,200+ sqft home offers a wonderful opportunity to create your dream space! With a spacious, flexible floorplan and incredible mountain views, this property is ready for someone to add their personal touch. Situated on a 1 Acre lot, the home features 5 sizable bedrooms with walkin closets, and 4.5 bathrooms. Inside, the open split layout features large windows allowing natural light to pour in, perfectly framing the beautiful surroundings. The kitchen provides plenty of cabinetry, a spacious island, newer appliances, and a high counter area, making it ideal for gatherings. The primary suite offers a walk-in shower, deep soaking tub, and ample closet space, creating a perfect retreat. An entertainers backyard with a large patio, beautiful diving pool with custom rock waterfall, an d a pool house with an additional bathroom, dry sauna, and shower. Additionally, there's a 3-car extended garage, RV gate, and potential for further customization. This home is full of possibilitiesbring your vision and make it your own!

3330 W Desert Dawn Drive Phoenix, AZ 85083

$1,420,000
5 Beds
4 Baths
3,778 SqFt
Status Active
MLS # 6778764
Property Type Single Family Residence
Price Type --
Seller offering 1% concession towards rate buydown, landscape etc. This soft contemporary home is 100% new construction and is tucked back in a quiet cul-de-sac surrounded by million-dollar homes. Optimally designed for modern living this home has it all. As you enter, you are greeted with soaring ceilings and a great room that is flooded with natural light. Each generously sized bedroom boasts en suite baths and walk-in closets. The open concept kitchen is well appointed with quartz counters, white shaker cabinetry and LG Studio appliances. A large island sits at the center which overlooks the great room, ideal for gathering and entertaining. The primary suite is a true retreat with a spa-like bathroom complete with soaking tub, quartz counters, dual vanities and an oversized shower. The massive primary walk-in closet is situated with access to the laundry. Boasting 4 bedrooms and 5 baths plus a spacious den/flex space and 3-car garage there is ample room for all and for storage. Enjoy mountain views, easy freeway access, close proximity to Lake Pleasant, and numerous options for nearby shopping and dining. There is plenty of space for a pool and an RV gate is ready for your boat, off-road toys or extra vehicle storage. All this with the peace of mind of a quality new built home.

10147 W Camino De Oro -- Peoria, AZ 85383

$1,417,990
4 Beds
3 Baths
3,025 SqFt
Status Active
MLS # 6702235
Property Type Single Family Residence
Price Type --
This LIGHTLY LIVED IN and STUNNING CUSTOM HOME in a FANTASTIC LOCATION on an ACRE LOT in a MARICOPA COUNTY ISLAND adjacent to Peoria has a perfect BLEND of LUXURY LIVING with a FUNCTIONAL FLOOR PLAN*GOURMET KITCHEN includes CALACATTA QUARTZ with WATERFALL at island, DOUBLE STACK WHITE SHAKER CABINETS, DOUBLE OVENS, BEVERAGE FRIDGE, prep sink, walk in pantry, POT FILLER, and GAS COOKTOP*SPLIT OWNER SUITE has SPA LIKE BATHROOM with STAND-ALONE TUB, BEAUTIFUL TILE WORK at the frameless SHOWER, and DIRECT ACCESS to LAUNDRY*Other UPGRADES include ENERGY EFFICENT SPRAY FOAM, soft water and R/O, oversized water heater, 4-CAR garage with EPOXY Floors, multiple car chargers, smart home, WOOD-TILE throughout - and SO MUCH MORE*COME BY and SEE WHY you WILL WANT to CALL THIS PLACE YOUR ''HOME''

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