TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/81276
MDWELL What a Difference a Year Makes? CoreLogic's most recent Home Price Index revealed a 2 percent uptick in home pricing on a year-over-year basis, and more important, the data represents a three-month streak of steady increases for both yearly and monthly totals. ARIZONA Including Distressed: Appreciation Ranking : 1 Single-Family Pricing [y-o-y change]: +12% Excluding Distressed: Appreciation Ranking: 3 Single-Family Pricing [y-o-y change]: +7.3% Hot Property: Contemporary masterpiece in Tucson, Arizona; 7474 N. Catalina Ridge Drive. The so-called Campbell Cliffs estate is considered a "work of art," as designed by Line and Space, LLC. The 6.67-acre property boasts 360-degree views from the 25,000-square- foot main house, and the famous structure is located adjacent to the Coronado National Forest. The ultra- luxury listing is currently on the market for $15.9 million. IDAHO Including Distressed: Appreciation Ranking: 2 Single-Family Pricing [y-o-y change]: +9.2% Excluding Distressed: Appreciation Ranking: 4 Single-Family Pricing [y-o-y change]: +6.6% Hot Property: The largest waterfront property in Blaine County, Idaho; 500 Silver Falls Way. Situated in Carey, the 1,444- acre estate boasts a private wildlife reserve that gives its owners access to trophy trout fishing, as well as upland bird and waterfowl hunting. The land, which is bordered by the National Park Service on three sides, features a three-bedroom log home, and for winter sports lovers, Sun Valley is less than one hour away. Currently, the property is listed for $19.995 million. SOUTH DAKOTA Including Distressed: Appreciation Ranking: 3 Single-Family Pricing [y-o-y change]: +8.7% Excluding Distressed: Appreciation Ranking: 2 Single-Family Pricing [y-o-y change]: +8.5% Hot Property: Mountainside estate in Rapid City, South Dakota; 8325 Dark Canyon Road. Sitting on more than 10 acres of deeded land surrounded by the Black Hills National Forest, the ultra-private property has stunning views, as well as its very own 60-foot bridge to usher guests to the 4,535-square-foot main home. The house is on the market for $1.775 million. MONTANA Including Distressed: Appreciation Ranking: 4 Single-Family Pricing [y-o-y change]: +8.2% Excluding Distressed: Appreciation Ranking: 1 Single-Family Pricing [y-o-y change]: +9.1% Hot Property: The state's largest existing private residence, located on Montana's Flathead Lake. Dubbed the Shelter Island Estate, the unique property has 32,000 square feet of living space, in addition to 7,000 square- feet of prime lakeside frontage. The mega-estate includes 24 acres of land and is situated next to Glacier National Park. The island home is listed for $78 million. MICHIGAN Including Distressed: Appreciation Ranking: 5 Single-Family Pricing [y-o-y change]: +7.9% Excluding Distressed: Appreciation Ranking: 18 Single-Family Pricing [y-o-y change]: +2.6% Hot Property: Traditional Great Lakes cottage on Michigan's Lake Charlevoix. The popular property was featured on HGTV's Amazing Waterfront Homes in 2008, and the 14,895-square-foot home is marked by fun amenities like a 20-person spa, putting green, tennis courts, and an old- fashioned tire swing. The two-acre estate, which also has a home theater, custom gym, and billiards room, is on the market for $8.95 million. 12 | THE M REPORT