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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.  

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

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Photo of Listing #6012447

14711 W Pinnacle Vista Road, Surprise, AZ - $599,900

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,605 SQFT
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Amazing 1 Off Custom Home On A Corner Lot. This Home Has Plantation Shutters Through Out, Nice Chef's Kitchen That Opens Up Into The Great Room, Perfect For Entertaining Guests, 2 Guest Bedrooms With Private Baths, The 3rd Guest Bedroom Is Being ...

Photo of Listing #6012459

14509 W Hope Drive, Surprise, AZ - $674,900

Residential, Single Family - Detached
  • 5 Beds
  • 5 Baths
  • 5,551 SQFT
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If You're Looking For Resort Style Living For The Whole Family, You'll Find It In This Warm Private Entertaining Residence With Detached Guest House. The Main Living Areas On Both The Upper & Lower Levels Offer Large Open Spaces, Perfect For Indoo...

Photo of Listing #6012487

15820 W Caribbean Lane, Surprise, AZ - $387,000

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,886 SQFT
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Enormous Upgrades! No Expense Was Spared For The Nicest Home In The Subdivision. Front Yard W/2 Waterfalls/fountain/flagstone Bridge & Patio/palms/flowers. Bckyd Patio, Swim Spa, Hot Tub, S/steel Blt-in Propane Bbq W/sink/tile Crt/putting Green, O...

Photo of Listing #5967415

14904 W Elko Court, Surprise, AZ - $258,000

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 1,997 SQFT
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Gorgeous Home In A Prime Location! As You Walk In You'll Be Greeted By A Spacious Living/dining Room Combination That Is Great For Entertaining. Soaring Ceilings! Large Tile Throughout The Downstairs. Upgraded Blinds Throughout The House. Kitch...

Photo of Listing #6012164

14840 W Riviera Drive, Surprise, AZ - $257,900

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,670 SQFT
  • 1 DOM
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Welcome To This Stylish 3bd 2bth Home In Lovely Rancho Gabriela! Enter Upon Beautiful Grey Tiled Flooring To A Split Floor Plan Offering Vaulted Ceilings, Creating An Open Feel To Enjoy Company In The Kitchen, Family, And Dining Area. Gas Range Fo...

Photo of Listing #6012226

11755 N 148th Avenue, Surprise, AZ - $313,500

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,618 SQFT
  • 1 DOM
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Completely Remodeled 4 Bed/2.5 Bath Home In A Very Quiet Community. The Entire Kitchen Has Been Remodeled With Granite Countertops And Stainless Steel Appliances. All The Flooring Has Been Replaced With New Carpet, Laminate Wood, And Tile. The ...

Photo of Listing #6012284

15322 N 162nd Lane, Surprise, AZ - $230,000

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,323 SQFT
  • 1 DOM
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Honey Stop The Car! You Found The Perfect Starter Home In A Close-knit Community In The Heart Of Surprise, Legacy Parc. This Home Has Everything You Need To Make Your Dreams Of Homeownership A Realty. Save Money Every Month On Utilities With Solar...

Photo of Listing #6012323

16403 W Paso Trail, Surprise, AZ - $222,000

Residential, Single Family - Detached
  • 3 Beds
  • 2 Baths
  • 1,320 SQFT
  • 1 DOM
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This Spacious Corner Lot Property Is The One You Have Been Looking For! Charming Great Room, 3 Bed, 2 Bath, Tile Flooring In The Right Places, Tons Of Natural Light, And Neutral Paint Throughout Completes This Beautiful Home. Fantastic Kitchen Off...

Photo of Listing #6012365

17409 N 185th Drive, Surprise, AZ - $244,999

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,075 SQFT
  • 1 DOM
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Awesone 4/2.5 2 Car Garage, In Beautiful Secluded Bell Pointe, Tile Entry, Living Room, Giant Kitchen, Granite Counters, Island With Breakfast Bar, Oak Cabinets, Walk N Pantry.family Room, Covered Patio, Fans Throughout, Wood Stair Railing, Loft P...

Photo of Listing #6011762

15240 W Mercer Lane, Surprise, AZ - $424,900

Residential, Single Family - Detached
  • 4 Beds
  • Baths
  • 2,816 SQFT
  • 2 DOM
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Sitting On A Large Lot In The Gated Tuscany At Rancho Gabriela Community You'll Find This Beautiful, Freshly Painted, Move-in Ready 4 Bedroom, 2.5 Bath Home With A Den! The Open Kitchen Boasts New Granite Counters, Stainless Steel Appliances With ...

Photo of Listing #6011777

14165 W Banff Lane, Surprise, AZ - $365,000

Residential, Single Family - Detached
  • 5 Beds
  • 3 Baths
  • 4,068 SQFT
  • 2 DOM
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Corner Lot , 2 Story House With ,5bdr+game Room . One Bed Room On 1st Floor /4 Other Bedrooms On 2nd Floor ,new Flooring In First Floor And All Hall Ways /huge Master With Large Walk In Closet With Separate Shower And Tub ,3 Car Garage,large 9151 ...

Photo of Listing #6011199

15150 W Camino Estrella Drive, Surprise, AZ - $266,500

Residential, Single Family - Detached
  • 2 Beds
  • 2 Baths
  • 1,260 SQFT
  • 2 DOM
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This Cypress Model Is Ready To Move Into. The Eat-in Kitchen Has Granite Counters And Stainless Appliances (the Whirlpool Stove, Microwave And Dishwasher Replaced In 2019). There Is Tile In All The Right Places And Raised 6-panel Doors Throughout...

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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