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.

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22931 E Mayberry Road Queen Creek, AZ 85142

$699,953
4 Beds
3 Baths
2,407 SqFt
Status Active
MLS # 6629333
Property Type Single Family Residence
Price Type --
You'll love this very charming ''Acacia'' plan. . The home includes a Gourmet Kitchen w/ SS Chimney Hood, Beautifully upgraded 42'' cabinets, Granite C-top & Tile backsplash,, Tankless Water Heater, Service Garage Door , Atrium Door to patio, ''16 SEER RATING FOR ''AC'' ENERGY STAR HOME ! BARNEY FARMS the newest Premiere Master Planned Community in Queen Creek, w/ RESORT like atmosphere, LAKE COMMUNITY w/ an large Amenity Center, fountains , 2 large Community Pools, Aquatic Center, Pickle Ball, Bocce Ball, Corn Hole, Sand Volleyball, full court basketball , fishing ''catch and release'' kayaking, canoeing, walking trails thru-out. Barney Farms also has KMB K-6 School in the community. A MUST SEE !!

1806 E Azafran Trail Queen Creek, AZ 85140

$699,950
2 Beds
2 Baths
2,161 SqFt
Status Active
MLS # 6677029
Property Type Single Family Residence
Price Type --
This redesigned and truly one-of-a-kind property in Encanterra showcases a modern open concept design. Prepare to fall in love, as this NICE floorplan home was transformed into a whole new floorplan, a bright and airy sanctuary, marrying the best of both worlds with it's Nice origins and now resembling a Refresh like Great room entertaining area. Upon entering, you'll immediately notice the tasteful renovations. Plank style LVP flooring sets the stage for a contemporary yet warm ambiance, while the kitchen has undergone a stunning transformation with refinished cabinetry in a crisp white finish, complemented by new granite countertops and a sleek backsplash. Indulge in the luxury of the master bathroom, where a large custom shower invites you to unwind and relax in style. The spacious smart space/laundry room and ample den provide versatility and functionality for your lifestyle needs. Brighten up your days with new lighting fixtures and ceiling fans that add a touch of elegance to every room. The Shea Zero Solar Panels is also an added benefit, helping to offset energy bills. Step outside to your own private oasis in the beautiful backyard, where custom landscaping and travertine accents create a serene atmosphere. Take in breathtaking views of the majestic Superstition Mountain while entertaining guests with the built-in BBQ and beverage fridge. Situated on a private oversized corner lot, this home also features a charming front courtyard, adding to its curb appeal and inviting ambiance. Don't miss your chance to make this exceptional property your own slice of paradise. Arizona Living is Right Here Waiting for You.

851 S Sabrina -- Mesa, AZ 85208

$699,950
4 Beds
2 Baths
2,188 SqFt
Status Active
MLS # 6681680
Property Type Single Family Residence
Price Type --
Beautiful, fully furnished , move in ready 4 bedroom 2 bath, single level home with 3 car garage, large lot and RV gate located in Parkwood Ranch The property is currently licensed for assisted living home for 5 beds, fully equipped ready to accept first residents. .Vaulted ceilings create a very spacious feeling. Wood and tile flooring. Large master bedroom with bath featuring walk in shower, double sink and walk in closet.Exterior features include an extended patio, 2sheds, mature landscaping and a custom gazebo with spa. Parkwood Ranch is a very desirable community with tree-lined streets, parks.Front entrance is equipped with wheelchair ramp.

21798 E Rosa Road Queen Creek, AZ 85142

$699,950
5 Beds
3 Baths
3,700 SqFt
Status Active
MLS # 6703972
Property Type Single Family Residence
Price Type --
Beautiful Basement Home with additional detached garage/WORKSHOP in Queen Creek, AZ 85142, features huge CORNER LOT, Southern exposure, and Large Neighborhood Park directly across the street. *Potential for Guest House. *RV Gate with Elec RV Hookup. *5 Bdrms with Home Office/Den, PLUS *2 Additional Rooms without Closets. *PLANTATION SHUTTERS T/O. *3 FULL BATHS. *POOL-SIZED LOT - Just Under 12,000sf. *HUGE HOME - 3700sf living area, with beautiful *FINISHED BASEMENT *1890sf. *WASHER/DRYER STAY. NEW FEATURES: *NEW DISWASHER. *NEW MICROWAVE OVEN. *NEW KITCHEN TILE & COUNTER BACKSPLASH. *NEW REVERSE OSMOSIS WATER FLTR. *CEILING FANS *TANKLESS WH ***NEW BASEMENT AC and ''POOL INCENTIVE!'' **MORE FEATURES... *FIRE SUPRESSION SPRINKLER SYSTEM T/O. *PLENTY OF STORAGE SPACE! AND MORE... *Wired for high-speed Internet, Security System, and Surround Sound in Basement TV Room, Living Room, and Back Patio. Underground Sprinkler System, Hardwood Main Floor, Outdoor Goalrilla Basketball Hoop (stays), and Jetted tub in Master Bath!! And Google Nest Smart Thermostats (Main floor and basement) **The Seller has arranged a Free Consult with Morris Pools and a $1,000 incentive to buy a pool from them. Please call for details.

22884 E Thornton Road Queen Creek, AZ 85142

$699,915 - 3Br/3Ba -  for Sale in Fulton Homes Barney Farms Phase 1b, Queen Creek
New
$699,915
3 Beds
2.5 Baths
2,474 SqFt
Status Active
MLS # 6705992
Property Type Single Family Residence
Price Type --
You'll love this light and bright very charming Live Oak floorplan w/ 3 bedrooms, Den & ,4 car tandem garage, Beautifully upgraded white 42'' cabinets, Quartz kitchen tops, Spa Shower in Master, upgraded plank tile flooring, 10' ceilings 8' doors, Laundry room Cabinets w/ sink , Tankless water heater, Service Garage Door, Atrium door at patio. ''16 SEER RATING FOR AC. ''ENERGY STAR HOME'' all this In BARNEY FARMS the newest Premiere Master Planned Community in Queen Creek, w/ RESORT like atmosphere, LAKE COMMUNITY w/ an Amenity Center, 2 large Community Pools, Pickle Ball, Bocce Ball, Sand Volleyball, Walking Trails, Docks to launch Kayaks & Canoes, catch and release fishing, Ramada's , Greenbelts thru-out and Tree Line Streets. . KMB K-6 School in the community. A MUST SEE !

2175 W Marita Street Queen Creek, AZ 85144

$699,900
4 Beds
2 Baths
2,331 SqFt
Status Active
MLS # 6629812
Property Type Single Family Residence
Price Type --
ANOTHER GREAT NEW DIAMANTE HOME ON 1.25 ACRE LOT WITH 4 BEDROOMS, 2 BATHS, LARGE KITCHEN WITH WHITE SHAKER CABINETS & ISLAND, DUAL WALL OVENS, FARMER SINK, 36'' ELECTRIC COOKTOP, BUILT IN MICROWAVE, LARGE PANTRY, QUATRZ COUNTER TOPS. MASTER BATH HAVE DUAL SINKS, QUARTZ COUNTERS, CORNER GARDEN TUB, SEPARATE SHOWER AND A LARGE WALK IN CLOSET. GREAT ROOM GAS A CENTER WALL FIREPLACE. FRONT AND REAR COVERED PATIOS. OVERSIZE 4 CAR GARAGE. ** ESTIMATED COMPLETION/MOVE IN DATE IS MAY 2024**

2265 W Marita Street Queen Creek, AZ 85144

$699,900
4 Beds
2 Baths
2,331 SqFt
Status Active
MLS # 6629817
Property Type Single Family Residence
Price Type --
ANOTHER GREAT NEW DIAMANTE HOME ON 1.25 ACRE LOT WITH 4 BEDROOMS, 2 BATHS, LARGE KITCHEN WITH WHITE SHAKER CABINETS, LARGE ISLAND, DUAL WALL OVENS, FARMER SINK, 36'' ELECTRIC COOKTOP, BUILT IN MICROWAVE, LARGE PANTRY, QUATRZ COUNTER TOPS. MASTER BATH HAVE DUAL SINKS, QUARTZ COUNTERS, CORNER GARDEN TUB, SEPARATE SHOWER AND A LARGE WALK IN CLOSET. GREAT ROOM GAS A CENTER WALL FIREPLACE. FRONT AND REAR COVERED PATIOS. OVERSIZE 4 CAR GARAGE.**ESTIMATED COMPLETION/MOVE IN DATE IS MAY 2024**

2223 W Marita Street Queen Creek, AZ 85144

$699,900
4 Beds
2 Baths
2,311 SqFt
Status Active
MLS # 6629825
Property Type Single Family Residence
Price Type --
ANOTHER GREAT NEW DIAMANTE HOME ON 1.25 ACRE LOT WITH 4 BEDROOMS, 2 BATHS, LARGE OPEN KITCHEN WITH WHITE SHAKER CABINETS & ISLAND, DUAL WALL OVENS, FARMER SINK, 36'' ELECTRIC COOKTOP, BUILT IN MICROWAVE, LARGE PANTRY, QUATRZ COUNTER TOPS. MASTER BATH HAVE DUAL SINKS, QUARTZ COUNTERS, CORNER GARDEN TUB, SEPARATE SHOWER AND A LARGE WALK IN CLOSET. GREAT ROOM GAS A CENTER WALL FIREPLACE. FRONT AND REAR COVERED PATIOS. OVERSIZE 4 CAR GARAGE ** ESTIMATED COMPLETION/MOVE IN DATE IS MAY 2024**

2125 W Marita Street Queen Creek, AZ 85142

$699,900
4 Beds
2 Baths
2,311 SqFt
Status Active
MLS # 6663130
Property Type Single Family Residence
Price Type --
ANOTHER GREAT NEW DIAMANTE HOME ON 1.25 ACRE LOT WITH 4 BEDROOMS, 2 BATHS, LARGE KITCHEN WITH WHITE SHAKER CABINETS, DUAL WALL OVENS, FARMER SINK, 36'' ELECTRIC COOKTOP, BUILT IN MICROWAVE, LARGE PANTRY, QUATRZ COUNTER TOPS. MASTER BATH HAVE DUAL SINKS, QUARTZ COUNTERS, CORNER GARDEN TUB, SEPARATE SHOWER AND A LARGE WALK IN CLOSET. GREAT ROOM GAS A CENTER WALL FIREPLACE. FRONT AND REAR COVERED PATIOS. OVERSIZE 4 CAR GARAGE ** ESTIMATED COMPLETION/MOVE IN DATE IS JULY 2024**

12368 W Trumbull Road Avondale, AZ 85323

$699,900
3 Beds
2.5 Baths
2,560 SqFt
Status Active
MLS # 6696582
Property Type Single Family Residence
Price Type --
FORMER MODEL HOME in the master planned community of Alamar w/tons of DESIGNER UPGRADES throughout! FANTASTIC curb appeal w/paver driveway, stone columns + full landscaping! This energy efficient home features a GOURMET kitchen w/BEAUTIFUL white maple cabinets, stone countertops, herringbone tiled backsplash, GOURMET gas range + GE stainless appliance suite! PRIVATE primary bedroom w/ensuite bath w/extended shower + glass enclosure! Step outside to the fully landscaped back yard OASIS w/pergola, faux grass + built-in BBQ!! Hard flooring in main living areas, coffered ceilings in foyer/primary bedroom + so many more upgrades throughout! Located in Alamar w/LAKE, pool, splash pad, parks, pickleball, tennis, basketball and MORE! Views of Estrella Mountain Regional Park! WELCOME HOME!

26016 N Bolero Bend Rio Verde, AZ 85263

$699,900
3 Beds
2.5 Baths
2,750 SqFt
Status Active
MLS # 6615098
Property Type Single Family Residence
Price Type --
This house has it all! Corner lot with privacy, Fully furnished, mountain views, new roof, new heat pumps (AC)& vents. Totally updated chef's kitchen, 2 updated bathrooms, just painted exterior and interior. Smart house . Wiring update, LED lighting . New washer &dryer lg.laundry room.,3 bdrms, 2.5 baths vaulted great room, fireplace and ambient lighting,wet bar. Formal dining room, lg. eat in Kitchen /breakfast bar. Oversized 2 car garage / cabinets. Huge side &back yard/ ample room for pool or hot tub. Nicely landscaped / wraparound covered patio. Located in award winning 55 & older community. Amenities such as golf, tennis, swimming, pickleball,, bocce, hiking, biking,art, cards and more..Church Country Club & Community Center . A perfect AZ. resort

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.

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