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Surprise AZ Real Estate Market 2018

Posted by Todd Pooler REALTOR on Tuesday, August 21st, 2018 at 11:46am.

Home Sales in Surprise, Arizona 2018

Are you thinking about making a Real Estate move in 2018 as home values are peaking? If so, I bet you're curious about your home's current value and future trends as we move into 2019. Watch this video to learn more about the Surprise, AZ average home values and how these values have fluctuated over the past 15 years. Also, some trends to watch for in the future as we experience these home values rise.  

Complete the Form Below and Type In: "I would like more information about my home's value"!

Call or Email Todd at (602) 432-3557  todd@thepoolergroup.com 

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Photo of Listing #5966775

15439 W Aster Drive, Surprise, AZ - $285,000

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 1,909 SQFT
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This Two-story Home In Surprise Is In Marley Park - A Beautiful Tree-lined Community With Community Pool And Parks, And Offers Tile Flooring, Neutral Paint, A Island Kitchen With Stainless Steel Appliances, Gas Stove, Master Suite With Walk-in Clo...

Photo of Listing #5966797

26431 N 164th Drive, Surprise, AZ - $315,000

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,998 SQFT
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Better Than A New Home! Very Tasteful Home With Just The Right Upgrades. Color Palate Is Hgtv. Soaring Ceilings Accent The Huge Great Room That Is Light And Bright From The Amazing Windows. The Chef's Kitchen Will Delight Cooks With The Counters...

Photo of Listing #5966800

15540 W Poinsettia Drive, Surprise, AZ - $299,000

Residential, Single Family - Detached
  • 3 Beds
  • Baths
  • 2,466 SQFT
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Gorgeous Home With Laminate Wood Flooring, Open Floor Plan, Kitchen Island And All Beautiful Stainless Appliances Included. Inviting Front Porch And Covered Back Patio With Lush Grass And Cool Greenery. Large Airy Upstairs With A Generous Loft Ove...

Photo of Listing #5966894

18175 W Robin Lane, Surprise, AZ - $258,095

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,580 SQFT
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Beautiful Newly Constructed Single Level Home Located At North Copper Canyon In Surprise! This 3 Bedroom 2 Bathroom Home Features A Large Kitchen Island, Recessed Lighting Package, Maple Cabinets Stained In Smoke, 42'' Uppers, Double Doors In The...

Photo of Listing #5966895

16472 W La Posada Lane, Surprise, AZ - $269,000

Residential, Single Family - Detached
  • 2 Beds
  • Baths
  • 1,627 SQFT
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Charming 2br, 1 3/4 Bath + Den And An Additional Small Office Located In The Adult Community Of Sun City Grand In Surprise. Abundant Amenities Including Golf, Swimming, Indoor Walking Track, Exercise Room And Much, Much More! Welcome Home.

Photo of Listing #5966898

17959 W Via Del Sol, Surprise, AZ - $235,881

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,580 SQFT
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Very Popular Newly Constructed Home At North Copper Canyon In Surprise! Gorgeous 3/2 Home That Feels Open From The Moment You Step In. As You Walk Thru This Floorplan You Will Pass A Flex Room. The Kitchen Boosts A Large Island, Maple Cabinets ...

Photo of Listing #5966899

18168 W Foothill Drive, Surprise, AZ - $282,109

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,897 SQFT
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10 Year Structural Warranty Included

Photo of Listing #5966947

18534 W Valerie Drive, Surprise, AZ - $254,500

Residential, Single Family - Detached
  • 3 Beds
  • Baths
  • 2,509 SQFT
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Welcome Home! Complete With New Carpets, Granite Countertops, Fresh Paint, And Upgraded Lighting Fixtures, This Beautiful Home Is Move-in Ready. Located In A Friendly Neighborhood That Is Perfect For Families, And Near Major Stores, Restaurants, A...

Photo of Listing #5967002

14575 W Mountain View Boulevard (unit 10305), Surprise, AZ - $179,900

Residential, Single Family - Detached
  • 2 Beds
  • 2 Baths
  • 1,289 SQFT
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****do Not Miss Out!!****this Beautiful Gated Resort Style Condo Is 2 Bd/2 Bth Both With Upgraded Granite Counter Tops Throughout! The Kitchen Has So Much Desired Space With A Breakfast Bar! The Kitchen Has Plenty Of Desired Cabinet Space. Recent...

Photo of Listing #5966378

17216 N Wavyleaf Avenue, Surprise, AZ - $225,000

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,234 SQFT
  • 1 DOM
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Dont Miss This Beautiful Single Story, 3 Bedroom Home With Great Curb Appeal Available In Highly Sought After Surprise Community. Excellent Location, Easy Walking Distance To The Elementary School, Community Park, And Just A Few Blocks From Shoppi...

Hi everybody! Realtor Todd Pooler coming at you from Surprise, Arizona. I just wanted to take a little time here to discuss some home value trends in Surprise. So we're going to talk a little bit about the past, a little bit about the future. We're going to keep an eye on the like periods of June through August, that 60 day period from 2005 through 2018. So we're going to talk a little bit about the past how we got to this point and how we're moving forward in the future. So in 2005 home values were right about $277,000. That's an average between these two months, about 618 units were sold during that time period. In 2018 we have values at $267,000. Nice healthy growth here and about 519 units have been sold in a 60 day period. We're not through August yet but I took 60 days of data for all same periods. Now how did we get to this point? This is a nice healthy value for a Surprise. We got there steadily increasing in value. We reached this point in 2006 and then we experienced a sharp decrease in home values. 2011 was about our low point and our value was about $147,000 per unit. We had about 156 units sell. And of course those are traditional home sales. We took out your short sales and what-not. So moving forward we had a sharper increase to 2015 and an even sharper one to 2018.

Now that was about a 10 percent growth per year which was a market correction, pretty much that market correction brought us back to a nice healthy home value in Surprise. Moving forward for the actual projected growth is going to be about 2 to 3 percent per year. And I got that data from real estate experts in the field and economists and reports that we're moving forward as inventory increase. Now if you try to buy a home between 2015 and 2018 you know exactly what I'm talking about, very low inventory supply and demand which actually drove those values. And, if you've driven around Surprise at all you've noticed there is about 10 homebuilders in Surprise. They are building new property and bringing that inventory back up to where we need to be. So we're not there yet. We've got a lot of inventory still to come. We want to see a healthy market, and is about 6 months or so of inventory on the market. Right now we have about 2 months of inventory on the market so we have a lot of work and a lot of room for growth which is great news for homebuyers. A lot of my clients come to me and say "Todd I've got a lot of equity. I bought my house between 2011 and 2016 and I'm looking to make a change. I'm Looking to sell my property". I would be happy to meet with you if you're thinking the same thing and you want to put a game plan together you can reach me anytime, you can reach me by phone, my phone number (602) 432-3557, or you can actually just respond back to this video.

So I'd be happy to sit down with you again. My name is Realtor Todd Pooler, and looking forward to speaking with you. Y'all have a great day! Thanks!

Surprise, AZ Real Estate market update in 2018 by Top Realtor Todd Pooler

 

Todd Pooler

Realtor & Owner

The Pooler Group

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