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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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!

5066 E Peak View Road Cave Creek, AZ 85331

$699,900
3 Beds
3 Baths
2,141 SqFt
Status Active
MLS # 6657867
Property Type Single Family Residence
Price Type --
Welcome to a rare jewel nestled in the heart of the Tatum Ranch community. This exquisite home, recently graced with a multitude updates, offers a blend of luxury and comfort that is hard to find. Step into a living space where every detail has been thoughtfully updated. The home features three well-appointed bedrooms and three bathrooms, complemented by a versatile bonus area upstairs, perfect for a family room, study area, gaming room or additional office. Currently, the formal dining room has been smartly converted into a functional office space, ideal for those who work from home. The transformation of this property is truly remarkable. A brand-new roof tops the home, ensuring durability and peace of mind for years to come. The addition of a new HVAC system guarantees comfort through all of Arizona's seasons, from the sunniest days to the cooler nights. The heart of the home, the kitchen, has undergone a complete overhaul. It now boasts modern flooring & cabinetry, sleek appliances, and a design that makes both cooking and entertaining a delight. The seamless blend of aesthetics and functionality here is a testament to the quality of the renovations. Outside, the updates continue to impress. The pool has been revitalized with a new finish and an efficient gas heater, making it a year-round oasis. Surrounding this is an expanded travertine patio, perfect for soaking up the sun or hosting gatherings. Complementing this outdoor haven is a newly added covered patio, offering a shaded retreat to enjoy the stunning mountain views and Arizona's famous sunsets. The north-south facing yard not only frames these breathtaking views but also ensures the home is bathed in a warm, natural light while maintaining an essence of privacy. Situated in a community known for its friendly atmosphere and close proximity to local amenities, award winning schools, championship golf and many other outdoor activities, this home offers more than just a living space; it presents a lifestyle upgrade.

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.

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.

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!

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!

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.

3305 S 201st Drive Buckeye, AZ 85326

$699,900
4 Beds
2 Baths
2,533 SqFt
Status Active
MLS # 6669042
Property Type Single Family Residence
Price Type --
Welcome to this Ranch style 1 owner property w/ interior upgrades like 2x6 framing, interior wall insulation, split floorpan, natural knotty Alder cabinets & Pine doors throughout, propane fireplace in FR. Both AC units replaced in 2020 & Full roof underlayment replaced in 2021. The amazing neighborhood includes a private paved road & shared well. The exterior boasts an irrigated lot & fully fenced w/ 3 rail vinyl fencing, 600 sq ft shop, RV Cover, Dog run, Fenced Garden, Extended back patio w/ BBQ & pergola, Horse/Cattle covered pens & Conex Box for equipment/tack. Sit on your extended covered back patio w/ mister system and enjoy the clear night sky & stars. This property has a 1.18 Acre lot w/ grass areas large enough for parties and gatherings. Come view this property before its gone.

2319 W Mark Lane Phoenix, AZ 85085

$699,900
4 Beds
3.5 Baths
2,776 SqFt
Status Active
MLS # 6670865
Property Type Single Family Residence
Price Type --
Move-in ready! Pride of ownership is shown in this gorgeous residence nestled in Fireside at Norterra. Fall in love with an enchanting open layout offering bountiful natural light, plantation shutters, recessed lighting, soothing palette, & sleek tile flooring. The remarkable kitchen boasts staggered cabinets adorned with crown moulding, speckled granite counters, a pantry, SS appliances, a chic mosaic backsplash, & an island complete with a breakfast bar. Discover a loft ready to become anything you'd like! The main suite showcases soft carpet throughout, a private bathroom with dual sinks, & a walk-in closet. You'll find a serene backyard showcasing manicured landscape, a covered patio, & a built-in BBQ great for fun get-togethers. Paid off Solar panel which saves a lot in APS bill. Don't miss it! This gem won't disappoint you.

7141 E Rancho Vista Drive Scottsdale, AZ 85251

$699,900
1 Bed
1 Bath
888 SqFt
Status Active
MLS # 6672817
Property Type Apartment
Price Type --
Welcome to this breathtaking one-of-a-kind Optima Camelview 1 Bed 1 Bath 888 Sqft masterpiece. This property has been completely renovated with luxurious high end finishes in every corner. Featuring it's own private entrance, this condominium is one of less than 15 private casita units at Camelview. Boasting a massive terrace with beautiful lush landscaping everywhere you look, the indoor/outdoor living of this property is truly unbeatable. The master opens via french doors to the living area making the overall transition between spaces seamless. The living room features fantastic natural lighting, an abundance of glass windows and a stunning fireplace. Simply a must see in person. All found within the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture/amenities. Amenities include: Two Outdoor Zen Pools, Spas & Bbqs One on each side of the community (heated year round). 24,000 sq. ft. Fitness Center (Recently Remodeled). Mens & Women's Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.

11801 N 37th Street Phoenix, AZ 85028

$699,900
4 Beds
2 Baths
1,829 SqFt
Status Active
MLS # 6673477
Property Type Single Family Residence
Price Type --
Do you love mid-century architecture? If so, you'll love this north Phoenix subdivision of Star of Paradise. It's here where you'll find this amazing 4 bed, 2 bath, home with pool, situated on over a 1/4 acre. The current owners updated the home with new flooring throughout. They redesigned the kitchen boasting granite counter tops, island, cabinetry and stainless appliances. This lovely home also features updated dual pane windows and tastefully remodeled bathrooms, Not to mention new AC unit in 2021. The huge backyard has 2 large areas with two different characteristics: 1 area features a covered patio area that leads out to your large pool area with plenty of room for sunbathing as well. The 2nd area has a large sports court with basketball standard along with plenty of additional space. This home has been a vacation rental has been maintained impeccably to insure an excellent guest experience. Just a short walk to Roadrunner Park and a stones throw to Altadena Park. Just a couple of minutes to the 51 freeway. Not many opportunities to own a beautiful home on such a amazing lot in the city of Phoenix. Don't miss out.

5151 N 13th Place Phoenix, AZ 85014

$699,900
3 Beds
2.5 Baths
2,202 SqFt
Status Active
MLS # 6680195
Property Type Townhouse
Price Type --
REDUCED - BELOW COMPS! Central uptown 3 bed + BONUS room / 2.5 bath townhome. Poolside unit boasts a quaint front patio, large private rooftop deck & 2 car rear-entry garage! Light & bright generously-sized living area w/ gorgeous wood plank flooring & multi-slide doors w/ pool/grassy area views! The Chef-Inspired Kitchen: all stainless steel appliances, large quartz waterfall island, slab backsplash, huge walk-in pantry, gas range & plenty of seating! Upstairs there is a large bonus room, a primary suite w/ barn door to spa spa-inspired bathroom, access to balcony and dual closets. 2 Guest rooms and modern bath, large laundry room w/ sink-newer washer/dryer included. Roof deck w/ mountain & city light view + shade covering upgrade-plumbed for water, gas & water. Low-maintenance lifestyle centrally located in the Heart of Uptown, just minutes to hiking/biking trails, great access to shopping, dining, downtown, airport, freeways and more!

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