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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73 Seneca Drive Flagstaff, AZ 86005

$650,000
3 Beds
2 Baths
1,568 SqFt
Status Active
MLS # 6785279
Property Type Single Family Residence
Price Type --
Nestled in the desirable Pine Del neighborhood, this fully remodeled 3-bed, 2-bath home offers a perfect mix of modern updates and outdoor tranquility. Inside, enjoy an open-concept design with a cozy brick fireplace, wood-burning stove, and custom bookshelf. The sleek kitchen and spacious living area flow to the backyard, ideal for entertaining or relaxing. With a greenhouse, two sheds, and a woodshed, there's plenty of space for hobbies and storage. The whole-house water filtration system ensures cleaner water and healthier plants and pets. Just minutes to hiking, biking, and Flagstaff Airport, and only 24 miles to Sedona. No HOA. Schedule your showing today—this gem won't last long! Charming, Fully Remodeled 3-Bedroom Home in the Private Pine Del Neighborhood Nestled in the highly sought-after Pine Del neighborhood, this beautifully remodeled 3-bedroom, 2-bathroom home offers an ideal blend of modern comfort and outdoor serenity. With a spacious open-concept layout, the home is designed to maximize natural light and create a warm, inviting atmosphere. Upon entering, you'll be greeted by a large brick fireplace with a cozy wood-burning stove, perfect for chilly Flagstaff nights. The custom-built bookshelf adds a personal touch, providing the perfect spot for a home library or displaying your favorite collections. The heart of the home features a sleek, updated kitchen and a generous living area that flows effortlessly to the outdoor spaces. The sizable backyard is an entertainer's dream, offering plenty of room for relaxation or gardening. Enjoy the Arizona sunshine from the covered patio, tend to your plants in the greenhouse, or store tools and equipment in one of two sheds or the woodshed. A whole-house water filtration system ensures the highest quality of water for your family, pets, and plants, addressing hard water concerns and optimizing your home's health. This home is perfectly positioned for those who enjoy outdoor adventures, with hiking trails, Tuthill Bike Park, and the Flagstaff Airport just minutes away. For weekend getaways, you'll be only 24 miles to the stunning Oak Creek Canyon and Sedona, and 20 miles to the slopes of Snowbowl. Downtown Flagstaff is just a short drive, offering a wealth of dining, shopping, and entertainment options. Located in a quiet, no-HOA neighborhood, this home offers flexibility and privacy, ideal for anyone looking to homestead, grow their family, or live a peaceful life with pets. Whether you're drawn to the beauty of the surrounding nature or the comfort of a well-appointed home, this is a must-see property that will not last long! Key Features: Completely remodeled 3-bedroom, 2-bathroom home Spacious backyard with greenhouse, woodshed, and 2 additional sheds Whole-house water filtration system for cleaner water and healthier plants, pets, and appliances Large brick fireplace with wood-burning stove Custom bookshelf for a home library Open-concept layout, ideal for entertaining Minutes from local hiking trails, Tuthill Bike Park, and Flagstaff Airport Just 24 miles to Sedona and 20 miles to Snowbowl No HOAperfect for homesteading, growing your family, or pet lovers This stunning home won't stay on the market for long! With its perfect blend of modern updates, outdoor space, and unbeatable location, it offers everything you're looking for and more. Don't miss your chance to make it yoursschedule a private showing today and discover all that this beautiful property has to offer before it's gone!

19606 W Marshall Avenue Litchfield Park, AZ 85340

$650,000
4 Beds
4 Baths
3,554 SqFt
Status Active
MLS # 6782789
Property Type Single Family Residence
Price Type --
Nestled in the desirable Canyon Views community, this gently used, meticulously designed home offers an ideal blend of style, function, and comfort, with tasteful custom details throughout! As you enter, you'll be greeted by an open floor plan that seamlessly connects the chef's kitchen to the inviting family room. The kitchen is a dream for any home cook, featuring double ovens, a gas stove top, a large walk-in pantry, and a stunning waterfall edge island. The elegant tile backsplash ties everything together, making this space both beautiful and functional. The family room boasts vaulted ceilings, creating a light and airy atmosphere, and a gorgeous fireplace adds a touch of warmth and sophistication. This multigenerational home is designed for flexible living with a spacious bedroom and full bathroom located on the main floor, perfect for guests or extended family. Upstairs, you'll find a large, versatile loft that can serve as a playroom, office, theater, or additional living space. Two generous-sized bedrooms, a full bathroom, and a luxurious master suite complete the upper level. The master retreat includes double sinks, a walk-in shower, a private toilet room, and a spacious walk-in closet. Step outside to a beautifully manicured backyard, ideal for both relaxation and entertaining. A covered patio and gazebo provide shade for outdoor dining, while the built-in BBQ is perfect for summer cookouts. Artificial grass ensures a low-maintenance, lush landscape year-round. Move-in ready, this home is waiting for its next family to make it their own!

3795 E Latham Court Gilbert, AZ 85297

$650,000
4 Beds
3 Baths
2,934 SqFt
Status Active
MLS # 6783589
Property Type Single Family Residence
Price Type --
This Gilbert 4 / 5 bedroom and 3 bathroom home with a loft, 3 car garage, and RV gate, is truly unique to Coronado Ranch. With custom rounded doors and attention added to the architecture, you will not want to miss making this your home. There is one bedroom and full bath downstairs as well as a front room and dining room. Upstairs you will find a large loft and 3 bedrooms, with a den built off the oversized master bedroom. The den can be enclosed to make this home a 5 bedroom home plus a loft and the added space downstairs. With an open kitchen and oversized wide lot that backs to a green belt, you have plenty of physical and visual space. Great community and location in Gilbert with fantastic amenities including a splash pad, parks, and more! amenities!

36655 N 25th Street Cave Creek, AZ 85331

$650,000
4 Beds
3 Baths
2,350 SqFt
Status Active
MLS # 6702523
Property Type Single Family Residence
Price Type --
Spacious Home/ Great views on private Street on 1.6 acres, 4 beds/3baths, huge room, stunning rock fireplace in wood, big room with sitting rooms views in all directions.

40 E Balboa Drive Tempe, AZ 85282

$650,000
4 Beds
2 Baths
2,714 SqFt
Status Active
MLS # 6785897
Property Type Single Family Residence
Price Type --
Discover a rare gem in Tempe with this exceptional home situated on nearly 1/3 acre (14,161 sq. ft.) of prime real estate. * New HVAC installed September, 2024. Properties with such expansive lots are a rare find in this sought-after area, making this home an incredible opportunity. This beautiful residence features 4 bedrooms and 2 bathrooms, perfect for families or those who desire extra space. The fully equipped kitchen boasts elegant maple wood cabinets, spacious quartz countertops, and stainless steel appliances. The home's interior is equally impressive, with wood and tile floors that add a touch of warmth and sophistication. The family room is a cozy haven with a charming fireplace, ideal for relaxing evenings.

2225 S Olivewood -- Mesa, AZ 85209

$650,000
2 Beds
2.5 Baths
1,993 SqFt
Status Active
MLS # 6785829
Property Type Single Family Residence
Price Type --
Upon this GORGEOUS GOLF COURSE LOT located on the Four Peaks 7th tee box sits this beautifully REMODELED home! The massive living room is bathed in natural light with a huge picture window showcasing your amazing golf course/Superstition Mtn views! In November, 2024, the following was completed: New interior paint, new light fixtures and door handles, new carpeting, freshly painted bathroom cabinets, new mirrors and light fixtures, new pullout drawers in kitchen, new canned lighting throughout the home, new ceiling fans, baseboards, window coverings, and the list goes on! The tile flooring is must see! A/C regularly serviced. This home is a beauty! The well-sized den works as an office or a hobby room. The 2 car garage includes attached cabinetry, a work area, and a utility sink. The backyard overlooks the golf course; it offers an extended covered patio with a large pergola & epoxy floor, ideal for relaxing. This active adult community includes tennis courts, pool, workout facility, and more! Don't miss out on this gem. Act now!

21425 N 142nd Drive Sun City West, AZ 85375

$650,000
2 Beds
2.5 Baths
2,580 SqFt
Status Active
MLS # 6702403
Property Type Single Family Residence
Price Type --
Fabulous Montecito model with 2 bedrooms, 2.5 bath & den w double doors, situated on a prime location on the 3rd hole of the Trail Ridge Golf Course, showcasing 2 separate lakes, mountain & fountain views! Enter through a private, front courtyard that opens to a spacious great room w plantation shutters, overlooking gorgeous greens & several patio areas. Open kitchen with Corian countertops, plenty of cabinets, Bosch cooktop, GE Profile appliances & separate built-in ice maker. Primary bedroom bay window, large walk-in closet, double vanity & separate shower & tub. Inside laundry w sink & updated GE washer & dryer. Half-bath for convenience. Large 2 car garage w extra golf cart garage, newer garage door opener. Water heater 2019, Two Trane units 2010. Roof underlayment #30 LB in 2010.

3510 S Verbena Road Casa Grande, AZ 85193

$650,000
2 Beds
2 Baths
1,240 SqFt
Status Active
MLS # 6711471
Property Type Single Family Residence
Price Type --
Unique opportunity! Check out this one-of-a-kind property less than a quarter mile from the Lucid Motors complex. 9.85 acres with a 2 bedroom 2 bath home, detached three car garage, two registered wells, a mobile home pad and a barn. Lots of possibilities for this property, what could you do with it?

1208 W Random Way Payson, AZ 85541

$650,000
2 Beds
2 Baths
2,282 SqFt
Status Active
MLS # 6724003
Property Type Single Family Residence
Price Type --
For a quiet retreat with space to spread out on close to an acre. Need a place to park your RV? This home has plenty of room with the 2 car garage attached to the house and an additional 2 car garage/shop in the out building. Add to that a set up for covered RV parking. We have you covered...Don't forget the park and golfing down the street. Newly painted throughout with new flooring in kitchen, great room and hallway and new carpeting in bedrooms. New chain link fence as well. Green Valley Park and Payson Golf down the street. Take a peek in the utility room and see another storage area.....

5322 N Oro Vista Court Litchfield Park, AZ 85340

$650,000 - 5Br/4Ba -  for Sale in Veranda 2, Litchfield Park
New
$650,000
5 Beds
3.5 Baths
4,457 SqFt
Status Active
MLS # 6789006
Property Type Single Family Residence
Price Type --
Beautiful 5-bedroom, 3.5-bathroom home in an exclusive Litchfield Park gated community. This 4,400 plus sq ft home is nestled in a cul-de-sac with an extra-large lot (17,094 sq ft) with a massive back yard enclosed by a block wall fence. Landscaping is elegantly done with multiple palm trees, front yard grass and many desert plants. The home features an enclosed outdoor bar/entertainment area in addition to a covered patio. The interior includes an extra-large eat-in kitchen, great room with wet bar, formal living and dining rooms, and a main floor bedroom with bathroom. All remaining bedrooms are upstairs with the main bedroom and ensuite separate from the other bedrooms and a large loft/game room. Seller offering $25,000 towards flooring/remodel, closing costs or rate buy down.

21545 S Camas Way Florence, AZ 85132

$650,000
2 Beds
2 Baths
1,971 SqFt
Status Active
MLS # 6737943
Property Type Single Family Residence
Price Type --
Magical Property! This beautiful rustic home is built with burnt adobe and is set on 10 acres adorned with majestic saguaros. There are views for miles, a wrap-around porch that you can sit and observe the local wildlife, and marvel at breathtaking views and spectacular sunsets. This home has stunning floors, gorgeous architecture features such as arched windows and doorways. The cozy the living room has a wood plank ceiling, exposed wood beams, a wood burning fireplace as well as a wood burning stove. The bathrooms even have lots of details you don't want to miss right down to the bronze faucets and designer towel bars. Come and explore the beauty of your next home.

917 S Montezuma Avenue Phoenix, AZ 85003

$650,000
5 Beds
4 Baths
2,880 SqFt
Status Active
MLS # 6762354
Property Type Single Family Residence
Price Type --
Fantastic opportunity for Multi-Generation Home or a multi-unit Income Producing Investment Property in Central Phoenix! Beautifully updated Main Residence with 2 bedrooms & Ensuite Baths, Large Loft has cityscape & mountains views. Attached to Main House is a 1 bed/1 bath Apartment with separate entrance & patio. Property also has Casita / Guest House on separate meter featuring stunning updated kitchen, 2 beds/1 bath, laundry and private patio. Both Studio & Additional Home previously used as income producing short term rental units. Do not miss out on this unique opportunity close to City Central dining, shopping, events, and transportation!

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