Which Homes Have Appreciated the Most?

Which Homes Have Appreciated the Most? | Simplifying The Market

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

  1. Lower Priced Homes: priced at 75% or less of the median
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
  4. High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | Simplifying The Market

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.  If you’ve been contemplating a bigger home, now’s a great time to make that dream a reality.  Give me a call to get started – J.P. Cook – 602-320-4253.

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4959 E Red Rock Drive Phoenix, AZ 85018

$5,000,000
4 Beds
3 Baths
3,460 SqFt
Status Active
MLS # 6775731
Property Type Single Family Residence
Price Type --
Perched on the red rocks of Camelback, this hillside house boasts incredible views of the city to the south and stunning rock features as a surround. The main house has 3 bedrooms adorned with city views, with a guest house nestled underneath. The offset pool and spa are tucked against the mountain for an incredible combination of privacy and top of the rock atmosphere. The master suite has room to spare with a master bath that blends contemporary design with luxury features. The kitchen and dining room open to a living room and deck with indoor outdoor living in mind. An inviting gas fireplace serves as a feature to the living room inside while outdoor fire features lead you outside for sunny days and twinkling lights at night.

32 N Biltmore Estates Drive Phoenix, AZ 85016

$5,000,000
7 Beds
10 Baths
10,030 SqFt
Status Active
MLS # 6736576
Property Type Single Family Residence
Price Type --
''As a philanthropist who loved golf and played it daily in retirement, he chose 32 BILTMORE ESTATES''. For the past 24 years, the Estate has been owned by the same ''second'' owner. The property's pedigree speaks volumes about its affluence and distinction. Embodying a seamless blend of classic elegance and modern luxury ambiance, the home is both welcoming and grand. Almost fireproof; commercial grade mechanicals, steel framed, masonry and metal roof. Its panoramic views of Camelback Mountain coupled with the lush golf course greens offers a serene and evolving picturesque setting. You'll appreciate the home's location, rich history, and architectural beauty from the moment you step up, family gatherings with friends in its spacious living and dining areas will become most memorable... Both primary bedroom-windows are undoubtedly and accurately facing towards breathtaking views of Camelback Mountain. Views of the green, the outdoor kitchen, and the expansive terrace all provide a perfect setting to enjoy the picturesque landscape, making every day feel like a retreat. The staff quarter is generous in size, the lot coverage allows for additional livable guest home or garage storage to be added within its setbacks. This is a rare chance to own a piece of history, an opportunity to experience the unparalleled lifestyle that 32 Biltmore Estates has to offer. Schedule a viewing today to see for yourself what makes this estate truly exceptional.

20226 N 101st Way Scottsdale, AZ 85255

$5,000,000 - 5Br/6Ba -  for Sale in Silverleaf, Scottsdale
Open House
$5,000,000
5 Beds
5.5 Baths
4,746 SqFt
Status Active
MLS # 6737164
Property Type Single Family Residence
Price Type --
This 4,746sf home features 5 bedrooms, 5.5 bathrooms and exudes a cool, modern beach vibe. Highlights include vaulted beamed ceilings in the great room and principal bedroom, light hardwood floors, and abundant windows. The kitchen is equipped with both marble and leathered granite countertops, white cabinets, 2 dishwashers and a European cooktop. Designed for seamless indoor/outdoor living, the home offers pocket doors opening to a front courtyard with a spool, fireplace, synthetic grass, and soothing park views. Additional features include an interior courtyard with a 2nd outdoor fireplace, BBQ, and pizza oven. The upstairs bonus room adds versatility to this meticulously crafted residence. Every detail, from plantation shutters to updated mechanicals, reflects exceptional ... attention to detail. Price includes furniture and furnishings with a small exclusion list.

12140 N 106th Street Scottsdale, AZ 85259

$4,997,000
7 Beds
6.5 Baths
6,063 SqFt
Status Active
MLS # 6596266
Property Type Single Family Residence
Price Type --
NEW CONSTRUCTION - permits ready and we are set to break ground on this exceptionally designed Modern Luxury Estate brought to you by Blue Sky Homes. Boasting roughly 5226 SF this home is an entertainer's dream, with open kitchen, large sliding door system to the backyard and a split bedroom floor plan and with 10'+ ceilings. Guest will feel welcomed in the spacious 800+ SF casita overlooking resort style backyard. This amazing home is located in the popular Cactus/Shea corridor close to shopping, dining, as well as hiking trails. Don't miss out on the opportunity to semi customize this desert gem before it's too late. *Pictures used to reflect floor pan, not actual property. This property is located on Lot B of the site.

24351 N 97th Drive Peoria, AZ 85383

$4,997,000
4 Beds
5 Baths
6,843 SqFt
Status Active
MLS # 6769072
Property Type Single Family Residence
Price Type --
Welcome to this stunning, one-of-a-kind modern masterpiece nestled in the heart of Peoria, Arizona. This luxurious 4-bedroom residence boasts an extraordinary design that seamlessly blends indoor and outdoor living, reminiscent of the vibrant style found in Miami. As you approach the home, you're greeted by sleek lines and a contemporary façade that sets the tone for the elegance within. Step inside to an expansive open floor plan, where high ceilings and an abundance of glass windows and doors flood the space with natural light. The living area effortlessly flows into a state-of-the-art kitchen, featuring top-of-the-line appliances, quartz countertops, and a spacious island perfect for entertaining. Each of the four bedrooms offers a private retreat, with generous closet space and en-suite bathrooms that showcase modern fixtures and finishes. The highlight of the property is the large casita, ideal for guests or as a private office, providing versatility to suit your lifestyle. Step outside into your own paradise: the outdoor kitchen is a chef's dream, complete with a built-in grill and ample seating, perfect for hosting unforgettable gatherings. The 966 sq ft pool and hot tub invite relaxation and rejuvenation, surrounded by beautifully landscaped grounds that enhance the home's serene ambiance. With expansive covered patios that blur the lines between indoor and outdoor spaces, this home is designed for the ultimate Arizona lifestyle. Whether you're lounging by the pool, entertaining guests, or simply enjoying a sunset, this property offers a unique blend of luxury and comfort that truly feels like a desert escape. Don't miss the opportunity to own this extraordinary modern home in Peoriawhere sophistication meets style in perfect harmony.

10040 E Happy Valley Road Unit 504 Scottsdale, AZ 85255

$4,995,900 - 4Br/5Ba -  for Sale in Desert Highlands Phase 2, Scottsdale
New
$4,995,900
4 Beds
4.5 Baths
5,986 SqFt
Status Active
MLS # 6787820
Property Type Single Family Residence
Price Type --
Immediate Gold club membership upon close of escrow. This artfully designed, Santa Fe inspired home offers rich & elegant detail in its graceful architectural style. Generous open living spaces and numerous fireplaces encourage comfortable gatherings. All on one level except for an upper level two room Casita with view deck. Luxurious finishes and features include Venetian plaster, wood beam ceilings, chef's kitchen with Wolf appliances and large center island, all bedroom en-suites, combination theater and exercise room with a large bar for entertaining, 4 car garage, BBQ and spa. Desert Highlands amenities include Jack Nicklaus signature golf course, 13 tennis courts (4 grass), pickle ball courts, bocce ball courts, fitness center, fine & casual dining, guard gated & security patrolled.

36421 N 105th Place Scottsdale, AZ 85262

$4,995,000
4 Beds
4.5 Baths
5,208 SqFt
Status Active
MLS # 6620771
Property Type Single Family Residence
Price Type --
Framing is done, home completion Spring 2025! Right sized at 5208 feet, three bedrooms plus guest house and lots of covered outdoor patio area for modern desert living at Mirabel. Great room with soaring 16´ceilings, looking through retractable glass wall to pool/spa and a view of Pinnacle Peak. South facing rear yard is perfect exposure for AZ living. Double oversized 2-car garages fit four luxury vehicles (or your expensive toys on lifts!) comfortably. Light and bright throughout, Wolf/Subzero gourmet kitchen, full wet bar with pocketing windows out to patio, his and hers water closets in owner's suite. Flex room for gym, second office, workspace, or storage. Two secondary ensuite bedrooms and den. Free-standing guest house makes having guests more fun! CW's Touchpoint Home Management program will help you take care of your home; you've worked hard enough already! Complete specifications available, hurry while there's still time to customize and make it yours! Images are intended to convey overall design direction for this home but final specifications are subject to change. Contact Calvis Wyant Luxury Homes for up to date details. Please call Listing Agents to show, thank you!

5113 W Arrowhead Lakes Drive Glendale, AZ 85308

$4,995,000
6 Beds
5.5 Baths
6,500 SqFt
Status Active
MLS # 6783773
Property Type Single Family Residence
Price Type --
Welcome to Arrowhead Manor Estates, where luxury meets tranquility in the NW Valley's most exclusive hillside community. This expansive 6,500 sqft masterpiece offers 6 bedrooms, 5.5 baths, and is situated on a sprawling 2-ACRE, mostly flat, mountainside lot with panoramic city and mountain views that create a breathtaking backdrop from sunrise to sunset. Designed with entertaining in mind, the outdoor spaces are unrivaled. Enjoy Arizona's sunny climate on the full-size sport court for, pickleball, tennis or hoops! Take a dip in the infinity-edge pool overlooking the Valley, or unwind by the firepit under the stars. A fully equipped outdoor kitchen and multiple lounging areas make this home a true oasis for gatherings both intimate and grand. Step inside to discover soaring beamed ceilings a warm and inviting living space, and a gourmet kitchen equipped with high-end appliances and ample counter space. The home theater promises memorable movie nights, while the detached casita offers privacy and comfort for guests or multi-generational living. This estate is also powered by a fully owned solar system, blending eco-conscious efficiency with luxury living. Nestled within a private, gated community of multi-million-dollar estates, this property offers a rare opportunity to experience exclusive, serene living without sacrificing convenience. Originally, these were two separate acre lots and they can be subdivided again to build a second home!

7022 E Paradise Drive Scottsdale, AZ 85254

$4,995,000
5 Beds
5.5 Baths
5,200 SqFt
Status Active
MLS # 6764263
Property Type Single Family Residence
Price Type --
Welcome to your dream resort! A breathtaking contemporary new build by renowned Design Tank architect, Tyler Kuenzi. This property combines modern elegance with unparalleled comfort. Spanning 5200 sq ft, this exquisite custom built residence features 5 spacious bedrooms, each with its own en-suite bath featuring stunning, fixtures, plus an additional powder room for guests. As you enter, you're greeted by an airy open-concept living space flooded with natural light. The state-of-the-art kitchen boasts Subzero/Wolf/Cove appliances, Shinnoki cabinetry, and a generous Taj Mahal quartz island perfect for entertaining. The adjoining dining area flows seamlessly into the inviting living room, highlighted by a stylish fireplace and large Western brand windows that showcase picturesque view. The master suite is a true retreat, complete with a luxurious spa-like bathroom featuring dual vanities, a soaking tub, and a walk-in shower. Each additional bedroom offers ample closet space and beautifully designed baths, ensuring comfort and privacy for everyone. Step outside to the beautifully landscaped resort-style backyard, including a private pickle ball court, ideal for alfresco dining or simply relaxing in your private oasis. Additional highlights include a large pantry, atrium, a spacious laundry room, and a four-car garage. Located in a desirable 85254, this home is just minutes away from top-rated schools, parks, and vibrant shopping and dining options.

9898 E Legacy Lane Unit 3686 Scottsdale, AZ 85255

$4,995,000
3 Beds
3.5 Baths
4,415 SqFt
Status Active Under Contract
MLS # 6784430
Property Type Single Family Residence
Price Type --
Nestled in the serene enclave of Arcadia at Silverleaf, this exquisite custom 4415 square foot, single-level residence combines the size, style and quality in such high demand today. Designed and built by Dale Gardon and Salcito Custom Homes, the quality of construction and finishes are exactly what you'd expect, providing both modern comfort and timeless elegance. It's park location and curb appeal set the stage and the lush landscaping enhances and preserves the total privacy. Enter the home through a large foyer into a fantastic great room filled with an abundance of natural light. A large pocket door system leads to an expansive covered patio, pool, ramada and BBQ center, creating an ideal space for indoor-outdoor living, perfect for gatherings of all kinds.

7291 N 71st Place Paradise Valley, AZ 85253

$4,995,000
6 Beds
8 Baths
8,412 SqFt
Status Active
MLS # 6635976
Property Type Single Family Residence
Price Type --
The best priced property, in one of the most prestigious neighborhoods of Paradise Valley, this home is a must see... The quiet & peaceful lot features an outstanding 8,412 SqFt residence in the exclusive Cheney Place (only 20 private homes in the community) boasts impeccable craftsmanship & artistry enhanced by lush landscaping and a captivating central fountain. This masterpiece includes a FULLY-FURNISHED family chapel, as well as a FULLY-FURNISHED 2 bedroom Guest House equipped with a full kitchen, a fireplace, a jetted tub, its own 2-car garage, and a seating area with a grill. Ideal for in-laws or extended family. The main house showcases 4 bedrooms, a sitting room, an office, a movie theater and a 3-car garage (5 total garage spaces including guest house garage). Access through the grand entrance to experience sheer beauty & custom details throughout (backyard furnishings also included). Abundant natural light graces every corner, from the formal living room to the large dining room that overlooks the front yard and the massive family room with a fireplace & a wet bar. This beauty features soaring tray ceilings, elegant chandeliers, an intercom, rounded archways, refined tile flooring, classical pillars, artful niches, plantation shutters, a central vacuum, and recessed lighting. The striking kitchen is a testament to culinary perfection! Hand-carved wood detailing, granite countertops, a large peninsula, a central island, and NEW Viking appliances demonstrate unparalleled luxury. The laundry room also features brand NEW spare appliances such as an all new double oven and even a new washer & dryer set! Relish morning views in the sunlit breakfast nook or indulge in the exceptional wine cellar that can fit up to 868 bottles. The opulent master retreat has a fireplace & a generous sitting room with private access. The lavish en-suite bath comes with dual vanities, a make-up vanity, a jetted tub with a glass block wall allowing abundant natural light in, and a bountiful walk-in closet. This impressive home has a second master bedroom with its own bathroom & a jetted tub. There is more! Work from home in the sizable office or enjoy unlimited movie nights in the spectacular home theater, which is soundproof & has a brand-new projector & receiver. The awe-inspiring backyard is a complete paradise offering al fresco dining areas, an outdoor kitchen, serene fountains, a resort-style heated pool & spa, a fire pit with built-in seating, re-coated flooring, and an entertainer's game room with a fireplace & a wet bar. 3-car garage attached to main house for added convenience. Don't forget about the cozy billiard area under the Pavilion in the backyard, the perfect area for joyful gatherings with family & friends. This magnificent value is a statement!! The pool has also been completely re-tiled/re-chipped & new pebble added as of 9/13/24! The exclusive Cheney Place gated community only has 20 lots. Words alone cannot capture its essence. Don't miss out on this opportunity to own this gem before it's too late!

9203 E Happy Hollow Drive Scottsdale, AZ 85262

$4,995,000
4 Beds
4.5 Baths
7,308 SqFt
Status Active
MLS # 6617612
Property Type Single Family Residence
Price Type --
Experience the epitome of luxury living in this exquisite Desert Mountain home designed by award winning builder Peter Magee, offered with a rare Golf Membership. The Family Room is an entertainer's dream and opens to the well-appointed and tastefully designed kitchen offering upgraded appliances, two islands and Brazilian soapstone countertops. The Great Room boasts an elegant wet bar and multiple lounging areas. A private and inviting owner's wing includes a spa like ensuite, oversized walk-in closet and separate laundry room. An abundance of natural light fills the home by day and cool evenings draw you to the expansive outdoor living spaces which include alfresco dining and a heated pool & spa to capture sunset, golf course, mountain & city light views. A true contemporary masterpiece

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