Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.  Give me a call to find out what’s happening in the real estate market in your neighborhood – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

8250 S Mt. Tritle Road Prescott, AZ 86303

$699,900
3 Beds
2 Baths
1,526 SqFt
Status Active
MLS # 6695802
Property Type Single Family Residence
Price Type --
A magnificent home in a picturesque setting that feels a World away, while still being just 20 minutes from all of the action in downtown Prescott! Bordering National Forest on two sides, this 4+ acre property welcomes you home in grandeur. The focal point of the home is a stunning set of panoramic windows that bring the outdoors in. Relax, dine, or play cards on your expansive deck featuring four separate seating areas. Kitchen & flooring have been remodeled and feature stainless steel appliances. Property features a great room floorplan with split Master suite for privacy and extra space in the loft! Third bed/Office has a private walk out to the deck. Drive across a snowmelt stream and listen to the iconic roar of pine needles blowing in the wind. This is your own slice of Heaven!

4227 N Miller Road Scottsdale, AZ 85251

$699,900
4 Beds
2.5 Baths
1,704 SqFt
Status Active
MLS # 6703267
Property Type Townhouse
Price Type --
Welcome to your DREAM Scottsdale lifestyle! This stunning, beautifully maintained townhouse offers an inviting open concept, brightened by an abundance of natural light and complemented by a spacious, private patio perfect for Arizona's indoor-outdoor living. Step inside and discover the gorgeous wood inspired porcelain tile flooring and stylish shutters throughout the main level. The heart of the home is the kitchen, which boasts shaker style cabinetry, stainless steel appliances, and a breakfast bar! The half bath and laundry room on the main level make everyday living and chores a breeze! Head up the impressive staircase featuring black spindles and a handrail, along with a beautiful brick veneer accent wall that spans from the main floor to the ceiling of the second level! Upstairs, four bedrooms await each featuring a ceiling fan and lights! The bathrooms upstairs offer style, functionality, and convenience. Outside, the refreshing community pool waits for you and the community playground is the perfect spot for the kids to burn off some energy! This unit is also complemented by ample storage and two assigned parking spaces adding to the convenience. Located in the heart of Scottsdale, you are minutes away from fantastic dining, shopping, and entertainment options. Explore the nearby art galleries, indulge in local eateries, or spend the day shopping at high-end boutiquesall within easy reach! Experience the blend of comfort and convenience in this beautifully maintained homeperfect for those seeking a stylish, low-maintenance lifestyle in a prime Scottsdale location!!

6584 S Kimberlee Way Chandler, AZ 85249

$699,900
4 Beds
2.5 Baths
2,872 SqFt
Status Active
MLS # 6698289
Property Type Single Family Residence
Price Type --
This super clean, model perfect. 4 bedroom plus office home with 3 car garage located in the beautiful Sun River community in Chandler! Large formal living room and dining room upon entry, home office/den with double door entry, open kitchen with tons of storage, center island and desk space with great flow into the living room. Large bedrooms with generous master suite featuring soaking tub, separate shower with glass enclosure, and oversized walk-in closet. Low maintenance backyard with tons of room to entertain and a beautiful fenced pool. Very quiet neighborhood with a huge park just down the street.

13332 W Palo Verde Drive Litchfield Park, AZ 85340

$699,900
5 Beds
3.5 Baths
4,464 SqFt
Status Active
MLS # 6654021
Property Type Single Family Residence
Price Type --
Step into your own haven in Litchfield Park! This exquisite residence, nestled in a prestigious gated community just a stroll away from top-notch schools, welcomes you with open arms. The custom leaded glass front door sets the tone for the elegance that awaits inside. Discover a harmonious blend of spacious living and refined aesthetics with 5 generously-sized bedrooms, 3.5 baths, and ample space for the whole family. Revel in the details, from the sleek tile and easy-care laminate flooring, along with a spacious 3-car garage add a touch of luxury to everyday living. Picture yourself unwinding on the extended patio, overlooking a picturesque backyard oasis complete with a sparkling swimming pool, and breathtaking mountain views. This home is not just beautiful but also functional, boasting an enormous chef inspired kitchen with island, stainless steel appliances and double wall ovens. It's a turnkey masterpiece! The grand main suite is a retreat within itself and deluxe ensuite bathroom with dual vanities, soaking tub and separate shower. Experience the grandeur that awaits in every corner of this remarkable residence! Your dream home is ready for you! Litchfield Park is a picturesque city nestled in the West Valley of the Phoenix metropolitan area. Known for its tree-lined streets, manicured lawns, and a mix of historic and modern architecture, the city offers residents a serene and welcoming environment. The city hosts various events and festivals throughout the year, fostering a strong sense of community among its residents. The Wigwam Resort, a historic landmark in the area, adds to the city's appeal with its luxurious amenities and world-class golf courses. There are countless beautiful parks and green spaces as well as the Wildlife World Zoo, Aquarium & Safari Park, both located nearby, offering an exciting adventure for families and animal lovers. Foodies will enjoy the vast range of dining options from cozy cafes to upscale fine dining.

10757 N 74th Street Scottsdale, AZ 85260

$699,900 - 3Br/2Ba -  for Sale in Barolo Place Condominium, Scottsdale
New
$699,900
3 Beds
2 Baths
1,932 SqFt
Status Active
MLS # 6707453
Property Type Townhouse
Price Type --
Complete remodel! 3 bedroom, 2 bath, 2 car garage in the perfect location. Newly updated with new plank and tile floors, new cabinets with soft close doors and drawers, all new light fixtures including LED can lights, new faucets, new sinks, updated showers with glass doors, new freestanding tub. New paint everywhere. 2 car garage has upgraded metallic epoxy floors. This is a master bedroom split floorpan, open kitchen with dining area, great room with electric fireplace and electrical on wall for your flat screen TV. New 18 bottle wine fridge in kitchen, large island with navy cabinets with gold hardware, extra storage and waterfall countertops. White wood shutters on the windows. Large bedrooms to fit king beds and furniture. Big fans in each bedroom with remote controls. Click for more Each bedroom has a walk-in closet with shelves, the master has and drawers with locks. Each bathroom has new cabinets, new light fixtures with new black framed mirrors. There is a separate large laundry room with frontload washer and dryer with new cabinets and more storage behind the door. There are 2 balconies, one is a large covered balcony big enough for a comfortable patio seating set and the other balcony is uncovered. This would be a perfect vacation rental. Close to the 101 freeway, great restaurants, grocery stores and entertainment. Townhome is north south exposure. You'll love this! Community has a private community pool and common areas are always clean. Please come see and enjoy.

6132 N 416th Avenue Tonopah, AZ 85354

$699,900
3 Beds
2 Baths
1,800 SqFt
Status Active
MLS # 6622812
Property Type Single Family Residence
Price Type --
Introducing a stunning remodeled home for sale! This exquisite property boasts 3 bedrooms, 2 bathrooms, and wood-like tile flooring that flows gracefully throughout. The living room and bedrooms are adorned with plush carpet, providing a cozy and inviting atmosphere. Crown molding adds a touch of elegance and sophistication to almost every room. Situated on a sprawling 2-acre horse property, this residence offers a perfect blend of luxury and nature. The kitchen is a chef's dream, featuring elegant Corian counters and a spacious center island for culinary delights. With vaulted ceilings and solar panels, this home effortlessly combines style and sustainability. Additionally, a generous 40x60 workshop awaits your creative endeavors. Don't miss the opportunity to own this remarkable gem.

20750 N 87th Street Scottsdale, AZ 85255

$699,900
3 Beds
2 Baths
1,893 SqFt
Status Active
MLS # 6630283
Property Type Townhouse
Price Type --
This gorgeous ''Villa Four'' floor plan in Encore at Grayhawk is a gem! The open concept great room seamlessly blends dining, kitchen & entertainment spaces . Walking upstairs you'll find a beautifully designed kitchen with granite counters, tiled backsplash, alder cabinets, stainless appliances (including gas range), large pantry, breakfast bar & lots counter space. Kitchen looks out to a spacious living room with built-in entertainment center & gas fireplace, making the entire area perfect for entertaining. Just beyond is a large balcony with access from living room. Owner's suite and bath offer a walk-in closet, separate tiled shower & tub, dual vanities and private patio access to balcony. Walk to the Grayhawk Golf Club and the many shops and restaurants at DC Ranch Market and more!

1543 E Winged Foot Road Phoenix, AZ 85022

$699,900
3 Beds
3 Baths
2,319 SqFt
Status Active
MLS # 6639126
Property Type Single Family Residence
Price Type --
Views, views, and more views. Beautiful home nestled in the gated community of Pointe Mountainside Golf Course. Property backs up to preserve for extra privacy and gorgeous views. Tastefully chosen upgrades throughout the home, and much more this home is a must see.

7200 E Ridgeview Place Carefree, AZ 85377

$699,900
3 Beds
3.5 Baths
2,679 SqFt
Status Active
MLS # 6643277
Property Type Townhouse
Price Type --
PRICE REDUCTION! Classic urban town hcme is In the heart of Carefree where luxury meets comfort in this delightful 3-bedroom, 3.5-bath townhouse. Nestled in a picturesque community, this residence offers a perfect blend of modern convenience of timeless charm w/ 3 bedrooms & 3.5 baths. 1 primary bedroom on the first floor w/ 2 other suites on the 2nd floor. Enjoy ample space for relaxation & entertaining in the generously sized living areas, bathed in natural light & adorned with tasteful finishes. Step outside to your private outdoor space, perfect for morning coffee or evening gatherings. The townhouse also offers additional outdoor features from the balcony. Take advantage of a community heated pool & spa. Walk to town & enjoy all the events the towns have to offer.

21159 W Minnezona Avenue Buckeye, AZ 85396

$699,900
3 Beds
2 Baths
2,519 SqFt
Status Active
MLS # 6638257
Property Type Single Family Residence
Price Type --
Premium view lot in the highly sought after ''gated'' Highlands District of Verrado. This home was designed to match the model sparing no expense with the upgrades, features and appointments. A sprawling single level home with high ceilings, custom lighting, woodlook tile and a stunning gourmet kitchen with Quartz countertops, stainless steel appliances including: gas cooktop stove and double ovens. Truly a must see! The backyard setting is serene and peaceful offering mountain views and plenty of privacy on this upgraded wash lot. An outdoor pergola anchors this space which has also been meticulously designed for rest, relaxation and entertaining. Too many upgrades to list them all. Start living the Verrado Lifestyle today, schedule a private tour of this phenomenal property.

8826 E Copper Drive Sun Lakes, AZ 85248

$699,900
2 Beds
2 Baths
3,004 SqFt
Status Active
MLS # 6651595
Property Type Single Family Residence
Price Type --
Be impressed w/this beautiful single-story residence in the Adult Community of Sun Lakes! Displaying a well-maintained front yard & a 2-car + golf cart garage. The move-in ready interior boasts an inviting living room & a formal dining room, great for entertaining guests. With its vaulted ceilings, plantation shutters, stylish/wood-plank tile floors, decorative light fixtures, & graceful archways, the home exudes elegance. Captivating open layout is bathed in natural light paired w/a media niche & backyard access. Gourmet kitchen is fully equipped w/a gas cooktop, wall ovens, granite counters, ample wood cabinetry, a pantry, & an island w/a breakfast bar. Home has been freshly painted outside! This gem offers a carpeted den, a generous bonus room ideal for an extra bedroom, & a wine section w/a wine rack, attached cabinets, & a wet bar. Continue onto the grand main suite, highlighting a double-door entry, an accented wall, plush carpeting, a sitting room, a full ensuite w/dual sinks, & a sizable walk-in closet. You'll love the tranquil backyard, providing a covered patio & a hot tub that is excellent for relaxation! Don't let this one get away!

901 W Country Lane Payson, AZ 85541

$699,900
4 Beds
3 Baths
2,737 SqFt
Status Active
MLS # 6652122
Property Type Single Family Residence
Price Type --
Amazing Payson Woodhill location backing Rumsey Park is waiting for you! This beautiful 4 bedroom, 3 bath 2737+/-sq.ft. home located on .26+/- acre lot in Payson's attractive Woodhill subdivision has a very welcome feel from the time you see it from the street throughout your home tour experience. You'll love the main level living with a fantastic Arizona room looking out to a secluded part of Rumsey Park & your backyard. Main floor features your living room w/see through gas fireplace & opens to your kitchen & AZ room. Another great room, formal dining room, large master bedroom w/walk-in closet, double sinks and large new ¾ bath + another ½ bath, laundry room & 2 car garage. Kitchen features include hickory cabinets, gas stovetop, refrigerator, double oven, microwave, dishwasher, kitchen island & large walk-in pantry. Your large walk-out basement has 3 bedrooms, 1 of them could also make a fantastic 2nd living/entertainment area as it opens to the backyard. A full bath and 2 large room for storage/bonus rooms etc... The beautiful landscaped back yard features a gazebo, storage shed & direct access to Rumsey Park where the Elk are frequent visitors. HOA is only $44 year! New roof, new master shower, hickory cabinets throughout, beautiful plank flooring, are just a few items to watch for! Call your favorite Realtor today for your private tour!

Leave a Reply

Your email address will not be published.