How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

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10721 N Skyline Drive Fountain Hills, AZ 85268

$1,800,000 - 4Br/4Ba -  for Sale in Summit At Crestview Condo, Fountain Hills
New
$1,800,000
4 Beds
3.5 Baths
4,527 SqFt
Status Active
MLS # 6782892
Property Type Single Family Residence
Price Type --
This stunning residence offers a seamless layout with two spacious great rooms, and expansive picture windows framing views of Red Rock, Four Peaks, and the beautiful Fountain Hills landscape. The gourmet kitchen opens to a large covered terrace, perfect for entertaining and enjoying the scenery. The main floor includes a serene primary suite and a welcoming living area, while the walk-out basement is an entertainer's dream—complete with a resort-style heated pool and spa! Conveniently located near the Scottsdale border, you'll enjoy easy access to shopping and dining while relishing the tranquility of Fountain Hills. Don't miss this unique blend of elegance and views!

6338 E Amber Sun Drive Scottsdale, AZ 85266

$1,800,000
4 Beds
3.5 Baths
3,033 SqFt
Status Active
MLS # 6760678
Property Type Single Family Residence
Price Type --
This rare expanded Nimbus model in Terravita on a 15k sf lot, is upgraded and wrought with contemporary SW style! Soaring ceilings and backyard views greet you upon entering from a private courtyard with casita access. In the kitchen: convection oven/microwave, warming drawer, built-in refrigerator & island gas cooktop. Wet bar, formal dining/living and screened/covered patio atop travertine pavers, surrounded by desert plantings worthy of botanical gardens, all make for great entertaining. Black Mtn views from the hot tub, outdoor fireplace, and heated lap pool with deck jets. Backyard access from the primary suite, with dual closets, copper soaking tub and designer touches. Expanded casita makes 2nd office, fourth bedroom, or gym space possible. Welcome to N Scottsdale gated perfection!

17117 W Dale Lane Surprise, AZ 85387

$1,800,000
3 Beds
2.5 Baths
2,659 SqFt
Status Active
MLS # 6648276
Property Type Single Family Residence
Price Type --
Country living in the city. Beautifully maintained home on 2.73 acres. Additional parcels included in this sale total 7.3 acres. Open floor plan, extra large 3 car garage. Entertain from beautiful bar onto back patio with an observation deck for outstanding views. 9 horse mare motel, large stuccoed conex building work shop and tack room. Complete 300x160 approx arena is negotiable in sale. RV hook ups

8023 E Cholla Street Scottsdale, AZ 85260

$1,800,000
6 Beds
4 Baths
4,066 SqFt
Status Active
MLS # 6673338
Property Type Single Family Residence
Price Type --
Two birds with one stone is possible...as this is two homes on over an acre. What an incredibly rare opportunity in Scottsdale. With two homes on an acre this provides maybe a few generations together OR multiple income streams at one address. The main house is over 2300 sq ft and the manufactured house is over 1500 sq ft and just underwent a dramatic remodel. The remodel included new flooring, completely new kitchen and baths as well as paint and more. These places book end a huge backyard and sparkling diving pool. Both places have ample parking with a 2 car garage, 2 car carport and a circle drive. No HOA restrictions here but you do live right across from Starfire Golf Course (So you have that going for you, which is nice!) And you have an abundance of options with the entire acre.

31010 N 117th Drive Peoria, AZ 85383

$1,800,000
4 Beds
3.5 Baths
3,836 SqFt
Status Active
MLS # 6759894
Property Type Single Family Residence
Price Type --
Enjoy resort living on the golf course in the prestigious gated community of Blackstone Country Club. This spotless 4 BDRM 3.5 BATH exceptional contemporary style home is ready to be your new home. W/ 3836 sq ft, a soaring 17' ceiling in main living space & packed w/ top of the line extras ranging from air conditioned 4 car split garages to a 500 bottle wine celler, to a $50,000 Control 4 system. W/ endless designer features this is a one of a kind luxury home. The gourmet kitchen includes Wolf/Subzero appliances, quartz countertops, huge island & an abundance of cabinets. Light & bright w/ tile t/o. Low maintenace yards, gas fireplace in courtyard, extended patio & tons of travertine plus a relaxing golf course view to enjoy the beautiful AZ sunsets. SEE DOC TAB FOR LIST OF UPGRADES.

36215 N 29th Lane Phoenix, AZ 85086

$1,800,000
5 Beds
5.5 Baths
4,667 SqFt
Status Active Under Contract
MLS # 6769589
Property Type Single Family Residence
Price Type --
Ultra High-End Custom Home on over an ACRE is now available. This property showcases the finest quality building materials throughout including an automated gated front rotunda, a massive Cantara entry door, Venetian plaster walls & ceilings, hand made custom cabinets, wood beamed Great Room w/ soaring ceilings, gourmet kitchen w/ 48'' Wolf range, huge slab granite island, walk-in pantry, luxurious master suite with enormous walk-in shower, his and hers custom closets & more! CAR COLLECTORS, RV OWNERS Dream Garage/ Shop!! 2,000 +/- sq ft -10/12 Car Garage w/air compressor, High output AC cooling system, Swiss Trax flooring and a Full Bath! BACKYARD is beyond belief!! 5 STAR Resorts don't even compare! Custom pool, water feature, massive Palm trees, $7K Pizza Oven 48 inch DCS Gas Grill, professional misting system, new hot tub/spa, gazebo, tons of artificial turf, outdoor parking for over another 20 cars! To finish off this incredible property also has an attached Guest House with full living room, bar, theater, large bedroom and another full bath with separate entrance to the backyard resort or front yard for functionality and privacy! Welcome Home to your new Resort Estate Home! (Approximate shop measurements are 50x17 for RV/Bus and 35x48 for car collection/shop). Detached garage AC unit installed 2021, 26KW Propane powered emergency back up generator installed 9/2023, Control 4 Home System upgraded 2024, Water Softener 2022.**** All furnishings are available for purchase by separate bill of sale. ****

6801 E Presidio Road Scottsdale, AZ 85254

$1,800,000
4 Beds
3.5 Baths
3,170 SqFt
Status Active Under Contract
MLS # 6776934
Property Type Single Family Residence
Price Type --
Remodeled,1/2 Acre+ corner lot property w/Detached Guest House! The main home features 10' ceilings in the primary living area, Wood flooring throughout, 3 spacious bedrooms - especially the master/bath/closet - plus an office. Kitchen features quartz countertops, SS appliances, breakfast bar, Coffee station & plenty of storage space. The 1BR/1Bath casita has separate private parking, power gate access w/ covered patios. Other additions include Extra large/wide 2 car garage w/cabinets, large carport fitting 4 or more cars, Smart fireplace, & OWNED SOLAR! Backyard features a resort style pool & ramada with built in misters & Lush greenery. Located in the magic zip code 85254, close to many A+ Schools, shops and restaurants. Don't miss out on this one of a kind property!

12001 N Miller Road Scottsdale, AZ 85260

$1,799,999
4 Beds
2 Baths
2,566 SqFt
Status Active
MLS # 6747530
Property Type Single Family Residence
Price Type --
Fantastic Opportunity in Sundown Gardens! This is truly the Swiss Army Knife of properties. Ready out of the box for a family, Add on to your liking or Build your dream compound! This acre sized lot has a 4 bed 2 bath updated block home with durable saltillo tile throughout. The interior was updated in 2017 with new interior doors, new Milgard aluminum windows and an eat in kitchen. There's a wood burning fireplace in the familyroom and the 5th bonus room can double as a bedroom, office or play room. Large covered front & back patios, roof was done in 2023 plus a new 200 AMP, solar ready electric panel! The back half of the property has a super cool playhouse w/AC and TV and a cozy studio/casita with AC, TV and a Kitchen as (Featured in Scottsdale Lifestyle Mag) Plus (2) Full RV hook-ups! What the sellers love about the property, in their own words; What I love about this sturdy block home... I love the beautiful palm trees around the beautiful blue pool. I love all the birds and bunnies that are always around. I love the cozy she shed. I love the brown Saltillo tile that is all throughout the house. I love the beautiful tiled shower walls in the bathrooms. I love the bonus room, it can be used for so many things. I love the size of the property, it feels much bigger then an acre. I love that the property is located near so many great restaurants, shopping and attractions like Trader Joe's, Natural Grocers, WM Phoenix Open, Barrett Jackson and the Polo Championships at West World!

6275 E Jacob Waltz Street Apache Junction, AZ 85119

$1,799,999
2 Beds
3.5 Baths
3,480 SqFt
Status Active
MLS # 6758332
Property Type Single Family Residence
Price Type --
This stunning property is nestled at the base of the Superstition Mountains offering breathtaking 360-degree views on the former site of Theodore DeGrazia's art studio. The home features 3480 sq ft on a 54,450 square foot lot, every room was designed for the homeowner to enjoy the views. Quality craftsmanship and custom details make this home a piece of art in the desert. Enter the main home though the custom Bella Grande iron doors into the main living space, marvel at the Superstition Mountains from your living room wall of windows that capture the stunning views and bring the outdoors in. Enjoy the gas or wood burning fireplace, large dining space and gourmet kitchen featuring custom milled solid Alder wood cabinets, Viking stainless appliances, Black Galaxy granite counters, oversized kitchen island with seating for 6, custom wine rack , tons of counter and cabinet space and a large walk-in pantry. The first-floor primary suite is spacious with views of the Superstition Mountains and a private exit to a sitting deck to enjoy the city light views. The en-suite features a tub/shower encased in beautiful Desert Sunrise granite. Make your way upstairs to the second-floor that features a spacious loft, balcony and a 2nd primary suite that has both views of the Superstition Mountains and City light views. This primary features a large walk-in closet, sitting room, private balcony and 2-way fireplace. The en-suite features 2 vanities, a large jacuzzi tub, custom walk in-shower with Mongolian Spring tumbled slate stone on the walls and floors. The property includes a generously sized, temperature-controlled(2 mini splits) detached three-car garage complete with a full kitchen(featuring cabinets and counters from the former DeGrazia Art Studio), full bathroom, walk-in closet and laundry. This could easily be made into a guest home. Tesla charging station. Some of the custom features of this home include, authentic handmade Saltillo tile throughout the home. Underground air returns for extra thermal efficiency. Solid wrought iron banisters and hand rails. Top of the line Pella windows, low emissivity, and dual pane. The primary suite's doors come from a Mission for authentic mission doors. A bridge built for Theodore DeGrazia's original estate, connecting the studio to his gallery, and some of his original fencing adorns the front of the property. The home is equipped with a full house fire suppression sprinkler system, the underground air returns also cool the built-in wine rack, and a fully wired home security system. Additional features include a central vacuum system, sound system including a subwoofer in the loft wall and Klipsch high end speakers in every room, a water softener system , reverse osmosis. Both fireplaces are propane-powered with the capability to burn wood. A 250-gallon buried propane tank serves the fireplaces, pool, spa, and cooktops. The residence also showcases 8 ft doors. Wired for Starlink satellite, dish, cable, and internet. Additionally, there's a smaller storage building located to the south of the main home with ceiling fan and existing power outlets for thermal control, etc. Come see this amazing property and all it has to offer.

3511 E Coolidge Street Phoenix, AZ 85018

$1,799,999
3 Beds
3.5 Baths
3,355 SqFt
Status Active
MLS # 6770742
Property Type Single Family Residence
Price Type --
This beautiful remodeled/rebuilt estate will be number 1 on your list, Open floor plan will leave you speechless while you make it to the oversized Master Suite & then on to your spacious en suite-the icing on the cake, his & hers separate closets & a shower that could fit 6. From the moment of entering thru your circle drive to the oversized amazing kitchen & onto the breathless backyard that you wont want to leave. Enjoying the covered sitting areas with natural gas fire table (front patio) & oversized cov'd patio in the backyard w/ natural gas fire stones on top of dual salt water falls & a natural gas bbq over looking your putting green will be where you want to spend most of your time. Orange, Grapefruit & lemon trees in your backyard retreat, Year round trim lights in the front!

3225 W Blue Eagle Lane Phoenix, AZ 85086

$1,799,999
4 Beds
4 Baths
4,164 SqFt
Status Active
MLS # 6784863
Property Type Single Family Residence
Price Type --
Own the top of the world, the view will BLOW YOUR MIND 360 degree views and totally PRIVATE. With 350k in updates this home is MOVE IN READY. (keep reading at the end there is a surprise) Step into your new home with confidence of peace, luxury, and comfort. Come into the first floor, this kitchen has new appliances, pantry, and of course stunning views, the living room will give you the WOW factor with ceilings soaring into the next level! Jump in the elevator to the master suite upstairs. This master bed has its own fireplace and lots of extra room for a seating area. (lets not forget the views from the garden tub) This home will amaze everyone who enters with its architecture. Plenty of room with 4 beds and 4 baths. An office/bedroom steps right out to the ''always ready to use pool'' the best part is the pool, hot tub, and outdoor grilling area, entertaining has gone to the next level with this home! This home also has a secret....an UNDERGROUND BUNKER...a preppers DREAM!

29615 N 55th Place Cave Creek, AZ 85331

$1,799,999
3 Beds
3.5 Baths
2,943 SqFt
Status Active
MLS # 6757984
Property Type Single Family Residence
Price Type --
Unbelievably Motivated Sellers - Priced to Sell! Don't miss out on this rare opportunity to own a breathtaking single-story, 3-bedroom, 3.5-bath home, meticulously upgraded with over $28,000 in custom features. The sellers are already moving on to their next chapter, so this gem is priced to move quickly! From the moment you arrive, you'll be captivated by the fresh, elegant look of the newly painted exterior and stucco finish. Inside, rich coffee-stained French oak wide-plank flooring flows seamlessly throughout the main areas, while plush carpeting adds a touch of luxury in the bedrooms. Six-inch baseboards, custom wood shutters, and a sleek rectangular fireplace bring sophistication to every corner of this home. The open dining area, with chic bar seating, leads to a gourmet kitchen crafted for the modern chef. This kitchen showcases a 6-burner gas cooktop, a stunning waterfall-edge island, under-cabinet lighting, and double-sided storageideal for hosting gatherings with ease and style. Step outside into a designer backyard oasis, upgraded with over $10,000 in enhancements. Featuring lush landscaping, turf, and grey limestone framing a contemporary pool with three tranquil waterfalls, this outdoor space is perfect for relaxation or entertaining under the stars. With motivated sellers and a competitive price, this luxurious property won't be available for long. Act fast to make this dream home yours!

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