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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4482 W Mountain Laurel Drive San Tan Valley, AZ 85144

$492,565
3 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6688553
Property Type Single Family Residence
Price Type --
This gorgeous Ginger plan is estimated to complete in July. It is surrounded by other single level homes offering ample privacy. The north south exposure highlights the mountain views. This home has been fully loaded with all of the most popular options and upgrades; white shaker cabinets, natural wood-look tile, custom backsplash, matte black plumbing fixtures, and beautiful granite countertops.

1833 Cumberland Road Ash Fork, AZ 86320

$492,500
3 Beds
2 Baths
1,838 SqFt
Status Active
MLS # 6525887
Property Type Manufactured Home
Price Type --
Brand new upgraded 2022 CAVCO West Model DE-32603A sitting on a nicely treed 10 acre lot. Property is connected to APS grid and sits just off Cumberland Rd. Large eat in kitchen w/island and ALL NEW ss appliances, solid wood cabinets & upgraded counters. Split master bedroom with its own attached den/ sitting area that can easily be converted into a 4th bedroom. Spacious additional bedrooms that have been pre wired for ceiling fans. Large laundry room/ mud room makes leaving the outdoors a breeze. Enjoy the wide open sky and stunning views of Bill Williams mountain to the east. Plenty of room to build out a barn & keep horses or other live stock. Approx. 45 mins from Flagstaff & Prescott & just 20mins from Williams. Call today for more information

2030 E Michigan Avenue Phoenix, AZ 85022

$492,489
3 Beds
3.5 Baths
1,734 SqFt
Status Active
MLS # 6659513
Property Type Single Family Residence
Price Type --
COMPLETED HOME in NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder Incentives! POOL/ Mountain views! 3 bedrooms, all ensuite, plus powder room. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! Loaded with standard features beyond everyone else! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Shaker Style contemporary cabinets, quartz counter tops, stainless steel appliances, including refrigerator, Luxury Plank Vinyl floors throughout! Carpet at bedrooms. Listing includes spectacular finishes, along with Urban Stair Railing! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!

23806 N 162nd Avenue Surprise, AZ 85387

$492,488
4 Beds
3 Baths
2,363 SqFt
Status Active
MLS # 6674716
Property Type Single Family Residence
Price Type --
POPULAR ESCALANTE Community, INCENTIVES TOWARDS FINANCING, Pinecrest Plan, 4 bedroom, 3 Baths, 2 Car Garage, 9 Foot Ceilings With 8 Foot Interior Doors On Both Floors, Gourmet Kitchen, HIGHLY UPGRADED FLOORING, CABINETS COUNTERTOPS, 2 Inch Pearl White Blinds, OPEN Floor plan, 16 Foot Atrium Glass Doors, Ceiling Fans In All Rooms. Energy Star Qualified Home, Indoor Air Plus, 8 Foot Tall Garage Door, Located A Short Distance From The Community Pool Area, Picnic Area, Tot Lots, Basketball, Pickle Ball Courts And So Much More. Buyer May Still Select Appliances, Schools And New Shopping Center Nearby. Full Builder Warranty.

20124 W Exeter Boulevard Buckeye, AZ 85396

$492,377
3 Beds
2 Baths
1,940 SqFt
Status Active
MLS # 6672106
Property Type Single Family Residence
Price Type --
The ranch-style Augusta offers thoughtfully designed living space. The foyer leads to an open floor plan with a Gourmet Kitchen, a great room, and dining room and center meet doors to a covered patio. You'll find a spacious owner's suite next to the dining room, showcasing a walk-in closet and an attached deluxe bathroom. This plan offers two bedrooms and a bath. Home is complete with a two car garage with extra storage space.

1531 S Owl Drive Gilbert, AZ 85296

$492,000 - 3Br/3Ba -  for Sale in Gardens Parcel 2, Gilbert
Open House
$492,000
3 Beds
2.5 Baths
1,452 SqFt
Status Active
MLS # 6673506
Property Type Single Family Residence
Price Type --
You've found the perfect place to call home in the desirable 'gardens' community. This fully renovated 1452 sq ft single family home is 'move-in' ready. updated and lovingly maintained by the current and ONLY owner, this professionally decorated and beautiful alluring home has a concrete roof and sits on a prime oversized lot in a Qulet tree lined street with N/S exposure, just minutes away from the 202,bus lines, ASU East, restaurants and robust shopping centers. This pristine home is situated in the highly desirable neighborhood of' The Gardens' and only 2 blocks form the tree-lined Cosmo Dog Park with washing stations, that hosts community activities, and lit for night time use. The well manicured ,HOA maintained, {$133} front and side yard with full cozy and inviting wrap around porch, creates a warm and welcoming first impression. Enjoy the lush GREENBELT, where you can simply unwind with a book, a cup of coffee or a cool beverage. Recently painted in 2022 with neutral inviting colors. home has sunscreens on West facing windows. HOA includes all exterior maintenance and landscaping. The well lit living room, with recessed lighting, is spacious enough for a sectional+plus and has an open view to the kitchen. The sun-filled living room boasts two large E facing windows to capture the morning sun and overlooking the greenbelt. Wiring for the TV and other electronics is encased in the wall keeping all your cords out of sight. Neutral driftwood LVP downstairs will compliment any décor. The desirable home boasts 10ft ceilings, giving you an airy ambience. The newly remodeled {2022} kitchen has an oversized concrete countertop to accommodate any party size and neutral soft-close shaker cabinets {20+} that extend to the ceiling with cabinet underlighting, giving youan abundance of extra storage space. Large pantry and Updated stainless steel refrigerator in 2022 {Negotiable}, Stainless steel gas stove 2022 {Negotiable}. Opens to the family room. Both rooms have multiple dimmable recessed lights. 5 3/4 baseboards surround. Excellent condition. REV-a-Shelf for pots and pans. The elegant, modern master bath is remodeled and includes a large walk in shower with 3/8 frameless tempered glass doors and high end Hansgrohe fixtures. The soothing tranquil bathroom is lit by recessed lighting. built in modern cabinetry gives gives you an abundance of extra storage space. Double vanity copper gilded sinks with brushed bronze faucet grace on a beautiful 1.5 thick concrete countertop, along with stone flooring, brings luxurious appeal to this room. Recently remodeled (2021)boutique style walk in closet with recessed lighting, , doubles the original space. MBR has ample room for a king sized bed and dresser with luxury and privacy due to split floor plan. The MBR faces east, so you can wake up to a beautiful sunrise. As you ascend the solid wood planked staircase you will be astonished with the recently updated BONUS Retreat {loft} 13' x 14+'. Recently updated cabinetry {2021}, that extends the entire East wall and has space galore for all your office needs and files. Cable network CAT 6 data lines is present in every room. Give the youngster's a place to relax with their friends. Plenty of room for furniture/TV/lounge chairs and popcorn for a family movie night. The loft and the MBR bath have Energy-Efficient {low-E} windows that have a tilt-out feature that allows you to easily clean from the inside. 3 Bedrooms and 2 Full bathrooms upstairs, with one en-suite attached to the MBR and also newly remodeled half bath downstairs with a cabinet for your bathroom necessities, perfect for when you have guests visiting. The entire home has wood blinds for privacy, including the garage. The oversized garage has 6ft double door cabinetry surrounding the perimeter, and a large work area with multiple electrical outlets. There's additional overhead storage above the garage door that gives you an additional 4ft x 16ft of additional storage. There is also additional overhead storage installed. This home also features economical GAS hot water {40 GAL New 2021}. New Craftsman garage door opener with 2 remotes {2022}. Maintence free backyard has pavers and irrigation. It also has a built in GAS BBQ grill. New HVAC installed Sept 2022 {18 SEER 4 TON} is whisper quiet It has an extended 5yr parts and 10yr labor warranty transferrable to the buyer. Backyard also has outdoor lights around the yard along with a misting system, allowing you and your guests year round access. A special closed off area hides you trash cans and HVAC. Ceiling fans in every room. installed surveillance system gives you a sense of security. sensor lighting also surrounds the outside property. The Gardens offer 3 pools {heated}, tennis and volleyball courts, sand areas, and multiple playgrounds. The GARDENS offers a fantastic location with proximity to top-rated schools, shopping centers, bus line, ASU East, dining options, and easy access to the 202 Freeway. Perfectly priced for the current market. 1531 S Owl Dr, Gilbert, Arizona

14244 N 160th Drive Surprise, AZ 85379

$492,000 - 4Br/3Ba -  for Sale in Legacy Parc Parcels E And F, Surprise
Open House
$492,000
4 Beds
2.5 Baths
1,866 SqFt
Status Active
MLS # 6692348
Property Type Single Family Residence
Price Type --
Welcome to a beautiful property that relaxes the senses with its neutral color paint scheme. The kitchen makes a statement with a stunning accent backsplash and a center island, making meal prep a delight. New appliances contribute to its modernity. The primary bedroom is a sanctuary, boasting a large walk-in closet for your convenience. Privacy is key in this property, with a fenced-in backyard perfect for quiet outdoor relaxation. A private in-ground pool beckons on warm days, and a patio offers a place to soak up the sunshine. The home undergoes a breath of fresh air with fresh interior paint, giving an undeniably cozy feel. Don't miss out on this chance to own a slice of comfort wrapped in sophistication.

1170 S Boulder Street Gilbert, AZ 85296

$491,998
3 Beds
3 Baths
1,514 SqFt
Status Active
MLS # 6685941
Property Type Single Family Residence
Price Type --
Golf Course Lot! Nice 3 bed 3 bath home, featuring well equipped kitchen with breakfast bar plus dining area! Formal living room and family room. The master bedroom has full bath and walk-in closet and with the home being located on the golf course, the views are gorgeous! 2 car garage, covered patio, upstairs laundry room, it just keeps getting better! Great location. Close to all downtown Gilbert has to offer; great shopping, restaurants, schools, parks, and more!

18626 W Honeysuckle Drive Surprise, AZ 85387

$491,995
3 Beds
3 Baths
2,092 SqFt
Status Active
MLS # 6645411
Property Type Single Family Residence
Price Type --
Explore this exceptional Emerald home on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; 3 Bedroom and Study, a well-appointed kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a roomy pantry and a center island; an elegant dining room; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops and shower bench; a large living room; a convenient laundry; an additional suite with living room space and its own separate entry door, bedroom and 3rd Bath, a covered patio and a 3-car garage. This home also offers wood laminate flooring, ceiling fan prewiring and additional windows in select rooms.

17742 W Villa Hermosa Lane Surprise, AZ 85387

$491,900
4 Beds
3 Baths
2,204 SqFt
Status Active
MLS # 6684511
Property Type Single Family Residence
Price Type --
*Seller is offering $10,000 concessions with a full price offer* This beautiful 4 bed, 3 bath residence now on the market is the one for you! Great curb appeal, low-care landscape, a 3 car garage, and RV gate are just the beginning! RV parking IS allowed! Inside you will find a spacious living area w/durable tile flooring and neutral palette throughout. The eat-in kitchen is equipped w/everything the aspiring chef needs, ample cabinetry, granite counters, subway tile backsplash, a pantry, stainless steel appliances, recessed & pendant lighting, and an island complete w/a breakfast bar. Enjoy a good night's sleep in the primary bedroom, boasting soft carpet, a walk-in closet, and a pristine ensuite w/dual sinks. Don't forget about the cozy open den, perfect for an office or reading nook! Whole home water filtration system! Finally, the wonderful backyard includes a covered patio, extended seating area w/a gazebo, artificial turf, and even a putting green! Don't wait any longer, act now!

2789 W Sable Avenue Apache Junction, AZ 85120

$491,265
4 Beds
2 Baths
1,863 SqFt
Status Active
MLS # 6632281
Property Type Single Family Residence
Price Type --
Welcome to Radiance at Superstition Vistas, a brand new master planned community located on the border where Mesa meets Apache Junction. This is a rare opportunity for optimal living - to have the convenience of City living while enjoying the breathtaking Superstition mountains! Small town feel meets modern amenities at its best! The JUSTIN-1863 sq ft, 4 bed/2 bath adorable, energy efficient single level home in which you will find tile in all common areas, 9 foot ceilings and on trend extra bright white walls. The kitchen has gorgeous maple cabinets, granite countertops & large island. Located close to the 24, 60 & 202.

23393 W Winslow Avenue Buckeye, AZ 85326

$491,213
5 Beds
3 Baths
2,624 SqFt
Status Active
MLS # 6638299
Property Type Single Family Residence
Price Type --
Perfect Layout!! Finished 5 Bedroom 3 bathroom + HUGE loft upstairs! Large Kitchen With covered patio! Stop by and ask about our whole house air purification system incorporated into the architecture of this home, or home automation that saves money on utility bills, bringing you peace of mind and unlimited freedom.

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