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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41585 W Coyote Run Maricopa, AZ 85138

$447,590
5 Beds
3 Baths
2,552 SqFt
Status Active
MLS # 6635222
Property Type Single Family Residence
Price Type --
Brand new, energy-efficient home available NOW! Each of the five bedrooms in this floorplan features a spacious walk-in closet. White cabinets and granite countertops, tile flooring with brown carpet in our Distinct package. Enjoy 3-car and RV garages at Copper Ridge located in Maricopa. Your family will enjoy Maricopa's small town feel and local hubs. Plus, all the resources of metro Phoenix are only a short drive away. We also build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.* Visit Copper Ridge today. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

2332 W Monte Cristo Avenue Phoenix, AZ 85023

$447,500
4 Beds
2 Baths
1,457 SqFt
Status Active
MLS # 6671871
Property Type Single Family Residence
Price Type --
Newly remodeled home at 2332 W Monte Cristo, Phoenix, AZ, features 4 bedrooms, 2-car garage, and 2 living rooms. Modern upgrades offer style and convenience in a spacious layout. Located in a vibrant Phoenix area, known for excellent schools, shopping, dining, and leisure activities, this property combines comfort with the benefits of city living. Ideal for those seeking a turnkey home in a thriving community.

6668 E Saddlehorn Circle Hereford, AZ 85615

$447,500
3 Beds
2 Baths
1,825 SqFt
Status Active
MLS # 6628206
Property Type Single Family Residence
Price Type --
No need to wait for a home to be built. This one is only 2 yrs old and in perfect condition and has all window blinds installed, landscaped yard, and water softener added. This gorgeous 3 bed 2 bath home features all tile flooring throughout, quartz countertops, and stainless appliances. The primary bedroom is very large with a beautiful bath and large walk in closet. The other bedrooms are nice sized whether they are for children, guests or office. The home also features a full length covered patio to sit outside and enjoy the awesome views and spectacular sunsets. The garage is oversized so there room for bikes or exercise equipment. This home is spotless and is truly move in ready to enjoy in the Kings Ranch Subdivision.

26689 W Burnett Road Buckeye, AZ 85396

$447,500
2 Beds
2 Baths
1,819 SqFt
Status Active
MLS # 6655907
Property Type Single Family Residence
Price Type --
Indulge in unparalleled lifestyle of Sun City Festival 55+ living with this FURNISHED Jamboree Model in Sun City Festival! Nestled on a quiet loop street on an oversized lot, with privacy and serenity. South-facing backyard boasts an extended patio, meticulous landscaping, with the firepit as an inviting centerpiece. Spacious Great Room featuring 18'' tiles and up/down window shades. Tranquil Master bedroom and bath, complete with ceramic flooring and zero-clearance shower floor. Kitchen is a culinary delight with granite counters, upgraded cabinets staggered with lighting, and convenient double pullouts. Enjoy your morning coffee in the wonderful breakfast nook. Extended 27' garage with epoxy floors & cabinets galore, perfect for golf cart parking! Make this exquisite residence your own! Don't miss the opportunity to make this exquisite residence your own and experience the unparalleled lifestyle of Sun City Festival.

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