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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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.

1734 E Samuel Drive Phoenix, AZ 85024

$699,900
4 Beds
2 Baths
2,452 SqFt
Status Active
MLS # 6678064
Property Type Single Family Residence
Price Type --
Step into comfort with this stunning 4-bed, 2-bath haven nestled in the heart of Phoenix. As you enter the foyer, you'll be greeted by an inviting ambiance that flows seamlessly into the spacious family room, perfect for cozy nights in or entertaining guests. Enjoy the open kitchen with modern appliances, and ample storage space, making meal prep a breeze. The adjacent dining room provides an elegant setting for hosting memorable gatherings with loved ones. Escape to your private retreat in the generously sized backyard, where you can unwind under the Arizona sun. Plus, outdoor enthusiasts will love the proximity to scenic trails. Conveniently located near a loads of amenities including shops, restaurants, and entertainment options.

8351 E Monte Avenue Mesa, AZ 85209

$699,900
2 Beds
2 Baths
2,540 SqFt
Status Active
MLS # 6679154
Property Type Single Family Residence
Price Type --
This Extraordinary home offers wide open living space. Open kitchen to family room to large eating area is entertaining and family orientated. Home also offers a formal dining area. The Double Master Bedroom set up for both family and guests. A third bedroom/den gives even more space when needed. The kitchen has a Breakfast bar, plus an island. Appliances are top of the line Kitchen Aide including the trash compactor. The granite counter tops are beautiful. Upgraded tile flooring with carpet in all the right places. The huge main master is a suit with plenty of room. The home sits on an oversized lot offering the owner to set up a resort style entertaining. Larger two car garage with cabinets & workshop with room to park the golf cart. Sunland Village East Offers loads of activities and events. Low HOA Fee of $825 annually.

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!

9556 E Jacob Circle Mesa, AZ 85209

$699,900
5 Beds
3 Baths
2,980 SqFt
Status Active
MLS # 6684029
Property Type Single Family Residence
Price Type --
Situated on a North/South Cul-De-Sac Lot, This Home Features 5 Bedrooms/3 Full Baths and a Loft Area, NEW Roof, Custom Iron Front Door, Soaring Ceilings, Fresh Interior Paint, Lots of Travertine Stone Tile, 1 Bedroom/1 Bath Downstairs Plus Bonus Room, Fireplace in Living Room, Open Eat-In Kitchen with Island, Granite Counters, Tiled Backsplash, New Stainless Steel Appliances & Pantry, Plantation Shutters, Large Laundry Room, Oversized Owners Suite with Vaulted Ceilings & Walk-Out Deck, Sep. Shower & Tub & Walk-In Closet, Good Sized Secondary Bedrooms, In-Ceiling Speakers French Door Leading to Refreshing Pebble-Tec Pool and Grassy Area.

5530 S 111th Street Mesa, AZ 85212

$699,900
4 Beds
3.5 Baths
2,715 SqFt
Status Active
MLS # 6685047
Property Type Single Family Residence
Price Type --
Welcome Home! Look no further, this beautiful property will check all your boxes! Oversized modern property situated on an large lot in Bella Via. Step inside this beautifully upgraded home and fall in love with its open spaces, including 4 bedrooms, 3.5 bathrooms, large living areas, dining room and a private study. Two master bedrooms( one downstairs and second at the upper level)perfectly designed for privacy. Large loft area, great for entertainment. Covered patio is perfect for outdoor dining and the built-in barbecue makes it easy to cook up a feast. Modern fireplace and movie projector are perfect for cozying up on relaxing nights. There is also a spacious lawn for kids and pets to play on. This backyard is truly an oasis, and it's sure to be a favorite spot for everyone

3060 N Ridgecrest -- Mesa, AZ 85207

$699,900
3 Beds
2 Baths
2,226 SqFt
Status Active
MLS # 6688592
Property Type Single Family Residence
Price Type --
BUYERS...this is an incredible opportunity for you. Seller has an ASSUMABLE Conventional Loan at 2.0%. DON'T MISS OUT! You'll LOVE this gorgeous 3 bed, 2 bath home with POOL in the gated Desert Vistas at Las Sendas! Nestled on a corner lot offering an RV gate and a 2.5 car & golf cart garage. Enter to find a formal dining room, welcoming great room, vaulted ceilings, plantation shutters, arch doorways, designer paint, and tile floors w/carpet in all the right places. Fully equipped kitchen features granite counters, a pantry, center island, plenty of cabinets, and a breakfast area w/bay window. Split main bedroom has access to the back and an ensuite with a separate tub/shower & dual sinks. Bright den fit for an office. Fantastic backyard is an entertainer's delight! A covered patio, lush lawn, a mature tree for refreshing shade with its own swing, and a sparkling pool for year-round enjoyment complete this gem. MUST SEE! BUYERS...this is an incredible opportunity for you. Seller has an ASSUMABLE Conventional Loan at 2.0%. DON'T MISS OUT!

12035 S 186th Avenue Goodyear, AZ 85338

$699,900
4 Beds
3 Baths
2,543 SqFt
Status Active
MLS # 6689340
Property Type Single Family Residence
Price Type --
Welcome to your luxurious oasis in the prestigious Estrella Mountain Ranch community where sophistication meets serenity in the heart of Arizona's stunning landscape.This stunning four-bedroom, three-bathroom Shea home is nestled in a serene cul-de-sac, offering unparalleled privacy and tranquility. As you enter, be greeted by a charming front porch with a quaint gate, setting the tone for the elegance within. Step inside to discover a spacious single-story layout, adorned with tray ceilings and designer finishes throughout. The heart of the home is the expansive kitchen, seamlessly flowing into a vast great room, ideal for hosting gatherings or simply relaxing in style. Indulge in the ultimate relaxation experience with your very own built-in pool featuring a large water feature, complemented by lush artificial turf and Kool decking for those warm Arizona days. Unwind further in the above-ground spa or under the built-in gazebos, surrounded by breathtaking views of the nearby hillside. Retreat to the luxurious master suite, boasting a lavish walk-in shower in the ensuite bathroom, providing a sanctuary of comfort and serenity. With three additional well-appointed bedrooms and two more full baths, there's ample space for family and guests to feel right at home. In addition to the already impeccable features such as shutters throughout and beautiful granite countertops, the discerning homeowner has tastefully added gutters to the roof, enhancing both the aesthetic appeal and functionality of the residence. These meticulously installed gutters not only contribute to the architectural charm of the home but also provide practical benefits, ensuring proper drainage and protection against inclement weather. Outside of your private retreat, enjoy the resort-style amenities of Estrella Mountain Ranch, including 2 lakes, heated pools, rejuvenating spas, recreational rooms, and scenic walking paths. Stay active with access to a workout facility, hiking, Pickle-ball, tennis courts and concerts in the Park; All included with your HOA Fee. Explore the nearby shopping centers, renowned restaurant and medical facilities. Live the epitome of luxury living in this exquisite Shea home, where every detail has been meticulously crafted for the discerning homeowner.

17842 W Gold Poppy Way Goodyear, AZ 85338

$699,900
3 Beds
2.5 Baths
2,457 SqFt
Status Active
MLS # 6691287
Property Type Single Family Residence
Price Type --
Fall in love with this beautiful single-level home in the highly sought-after Community of Estrella! This beauty flaunts striking stone detailing, a well-maintained front yard, a 3-car tandem garage, and a welcoming courtyard. The tasteful interior highlights an inviting foyer and a spacious open layout adorned with tall ceilings, recessed & chic light fixtures, decorative ceiling fans, a designer's palette, a pre-wired surround sound, wooden media wall, a contemporary fireplace, and wood-plank tile flooring. Formal dining room with soft carpet perfect for holding a feast! Stunning kitchen is fully equipped with a gas cooktop, a wall oven, granite counters, a mosaic tile backsplash, and an island with a breakfast bar. A walk-in pantry and a plethora of white cabinetry with crown molding ensure ample storage space. Retreat to the grand main suite, providing a plush carpet, an ensuite with dual vanities, a step-in glass shower, and walk-in closets. The secondary bedrooms have a Jack & Jill bathroom and a murphy bed. Escape to the backyard paradise that invites you to unwind with a covered patio, pavers, green turf, palm trees, and a crystal blue pool. Estrella is an award winning master planned community that offers so much to its residents. 2 clubhouses with a water park and heated pool. 2 workout facilities, restaurants, meeting rooms, plenty of social clubs and activities. Enjoy 2 lakes with watercraft rentals, catch and release fishing and walking trails. Experience hiking and biking on miles and miles of trails for you to enjoy.

5637 W Saint Moritz Lane Glendale, AZ 85306

$699,900
3 Beds
2.5 Baths
2,700 SqFt
Status Active
MLS # 6691408
Property Type Single Family Residence
Price Type --
Beautiful spanish style single story new construction home in the heart of Glendale. This home has 3 bedrooms, 2 1/2 bath, WFH, bonus room and 2 car garage. Features include granite countertops, shaker style cabinets, stainless steel gas appliances and morning kitchen. Tile flooring throughout, 8 ft slider in dining area that opens to a covered patio.

7855 E Bella Vista Lane Prescott Valley, AZ 86315

$699,900
3 Beds
2 Baths
2,153 SqFt
Status Active
MLS # 6691477
Property Type Single Family Residence
Price Type --
Welcome to your new home nestled in the serene surroundings with breathtaking mountain views! This home offers 3 bedrooms, with the potential for a 4th bedroom conversion, and 2 luxurious bathrooms. Immaculately maintained and lightly lived in, this residence has a like-new feel, ensuring a turnkey experience for its new owners. Step outside to discover your private oasis, complete with panoramic views and a charming pergola, perfect for entertaining, BBQing or just unwinding. Situated on a premium lot with nearly $200,000 in builder upgrades, this home epitomizes quality craftsmanship and attention to detail. Whether you're seeking a peaceful sanctuary to call home or a stylish backdrop for hosting gatherings, this residence offers it all.

2588 E Firestone Drive Chandler, AZ 85249

$699,900
3 Beds
2 Baths
2,535 SqFt
Status Active
MLS # 6691667
Property Type Single Family Residence
Price Type --
Just listed!! Welcome to your stunning new home located in the heart of Chandler. Boasting over 2500 square feet of meticulously maintained and upgraded living space, this home features three generous sized bedrooms, two baths, and a den. The oversized family room is ideal for entertaining, adorned with luxurious vinyl plank flooring and a charming shiplap entertainment wall. Step through the gorgeous French doors to discover your backyard oasis, complete with sparkling pebble tech pool, fire pit and expansive view fencing. The kitchen is a chef's dream, showcasing beautifully upgraded walnut cabinets, granite countertops, and massive oversized island perfect for gatherings. Upgraded appliances, including a wine fridge and a walk-in pantry complete the picture of luxury living. Don't miss the opportunity to call this your home sweet home!

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