Archives for April 2023

Encanterra Realtors – Onsite Resale Team

WATCH THIS!

If you are looking for a real estate team that knows Encanterra like the back of their hand, look no further than Shea Preferred Realty Group! We are not just real estate agents, we are Encanterra’s Onsite Resale Team located in Queen Creek, Arizona.

Our team is dedicated to providing the best possible experience for our clients when it comes to buying or selling a home in Encanterra. We understand that the process can be overwhelming, but with our expertise and knowledge of the community, we make it easy and stress-free.

Whether you are a first-time homebuyer or a seasoned investor, we will work with you to find the perfect home that fits your needs and budget. And if you are looking to sell your home, we will use our marketing skills and knowledge of the market to get you the best possible value for your property.

If you are in the area, we invite you to stop by and say hello at our office located at 651 E. Peach Tree St, Queen Creek, AZ 85140. While you are here, why not take a tour of Encanterra’s model homes? We would be happy to show you around!

Contact us anytime! Shea Preferred Realty Group

Real Estate Market Report – APRIL 2023

According to the latest data from the Arizona MLS, the number of active listings in Encanterra has increased substantially to 44, up from just 17 in April 2022. This may suggest a shift in the market, as more homeowners may be looking to sell their properties.

Despite the increase in active listings, the number of new listings in Encanterra as of April 2023 remained steady at 15. Additionally, there were 7 pending listings, indicating a reasonable level of activity in the market. However, the number of sold listings has decreased to 10, down from 19 in April 2022. This may suggest that properties are taking longer to sell, or that buyers are becoming more selective.

The sale-to-list price ratio has also decreased, standing at 94.2% in April 2023, down from 98.9% for the same month in 2022. This suggests that buyers may have slightly more bargaining power than in the previous year, as sellers may be more willing to negotiate on their asking price.

If you are a homeowner in Encanterra and are interested in selling your property, it is important to work with an experienced Encanterra Specialist who can help you navigate the market and set an appropriate asking price. The increase in active listings may result in more competition, so it is important to price your property competitively.

If you are a prospective buyer, the increase in active listings may mean that you have more properties to choose from. However, the decrease in the sale-to-list price ratio suggests that buyers should still be prepared to make reasonable offers and be patient in the negotiation process.

Whether you are a buyer or seller, it is important to stay up-to-date on the latest trends and data in the real estate market. If you have any questions or concerns about the market in Encanterra or the broader Arizona real estate market, don’t hesitate to reach out for guidance.

See below for the detailed market update.

The Market Isn’t Crashing Anytime Soon

Despite what some may think, the market is expected to remain steady and not experience a downturn!

Here are several factors that contribute to this:

  • Homeowners are recluctant to sell: As per the National Association of Realtors, the volume of U.S. Existing Home Sales in January 2023 has decreased by 34% in comparison to January 2022. Due to being bound to low-rate mortgages, a large number of homeowners are not eager to sell their properties as they would have to relinquish the favorable rate to buy a more costly home with a higher mortgage rate.
  • Mortgage delinquency rates are low: Mortgage delinquencies, which indicates late payment by a homeowner on their mortgage, is relatively low. This can be attributed to the fact that lenders are not extending credit to borrowers who have poor credit scores.
  • Home equity is at an all-time high: Compared to 2008, homeowners now possess a significant amount of home equity which puts them in a strong financial position and enables them to sell their property at a profit. The Home Equity Report by CoreLogic reveals that in the third quarter of 2022, individuals in the United States with outstanding mortgages saw their equity increase by 15.8%.
  • The housing market is starved for inventory: One of the driving factors behind the appreciation in home prices in recent years has been the lack of inventory. The 2008 housing crisis caused the closure of many small home builders, leading to a decline in new builds. Although new builds have resumed, the global supply chain shortage has increased construction material costs and slowed down the process.

    As the real estate market is currently experiencing a shortage of inventory, there is a substantial demand waiting to be fulfilled. It is improbable for a single factor such as interest rates to cause a slowdown in home price appreciation. A combination of inflation, affordability, interest rates, supply, and other factors will probably have to come together throughout the year to cause a decrease in home prices.

Now is the time to buy! Give our team a call and let’s get a customized home search started for you!

– Shea Preferred Realty Group

Coming Soon Encanterra Home for Sale! 1773 E Grand Ridge

See this home first before anyone else!

COMING SOON ENCANTERRA HOME: 1773 E. GRAND RIDGE RD, QUEEN CREEK, AZ 85140

Start enjoying Encanterra today! This popular Monaco plan has attention to detail everywhere. As an added bonus this home even offers a 3 KW Solar System that is paid for in full. Enter the home past the stone courtyard and lush landscaping. Inside you’ll find custom tile work, wood shutters and a spacious kitchen. Both bathrooms have upgraded tile and granite. Outside you’ll want to entertain friends all year round in the Arizona-style living space that features a private covered patio, a cozy fireplace and built-in BBQ. Enjoy the low maintenance turf grass too. The backyard offers a wrought-iron view fence, but mature trees offer plenty of privacy. Encanterra offers world class amenities right at your fingertips. Come see this home today!⁠
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Reach out to our team to book your showing today! Check the property here: 1773 E. Grand Ridge Rd, Queen Creek, AZ 85140

(The link is valid until 5/25/2023)

Home Spotlight: 1372 E. Corsia Lane

Here’s our Featured Listing for this week!

HOME SPOTLIGHT: 1372 E. Corsia Lane, Queen Creek, AZ 85140

$40K price reduction for immediate sale. Situated on a premium homesite, this stunning 2 bedroom, den and 2.5 bath home boasts luxurious finishes and amenities, including a three-car garage and a gorgeous backyard oasis perfect for entertaining. The gourmet kitchen is a chef’s dream, complete with stainless steel appliances, double ovens, quartz countertops, and tons of storage space. The kitchen also features a large island with a breakfast bar, providing the perfect space for hosting guests or enjoying a casual meal. The backyard is a true oasis, with a fire pit, BBQ grill, water feature, and turf grass. Perfect for hosting summer barbecues or enjoying a relaxing evening under the stars. The 3 car garage provides plenty of storage space for all your toys and cars. Book your tour today!

Interested in viewing this beautiful family home? Connect with us today to schedule a private showing: Shea Preferred Realty Group OR you may go directly to the MLS to view all the details and photos for the home here: 1372 East Corsia Lane, Queen Creek, AZ 85140

Residential Construction – Benefits of Hiring a Realtor with Residential Construction Background

Having a Realtor with a background in Residential Construction provides so many benefits! Did you know that Ben has an extensive background in Residential Construction?

Watch this!

 

The US Department of Labor defines Residential Construction as any project involving the construction, alteration, or repair of single-family houses or apartment buildings of no more than four floors in height. This broad category includes a wide range of housing types, from single-family homes to multi-unit apartment buildings. Some common examples of residential construction include townhomes or row houses, mobile homes, multi-family houses, and apartment buildings of four floors or less. Student housing of four floors or less is also included in this category.

 

Benefits of Hiring a Realtor with Residential Construction Background:

  1. Understanding of the Construction Process: A real estate agent with a background in residential construction has first-hand knowledge of the construction process, including the materials and techniques used to build and renovate homes. This can be invaluable when it comes to assessing the condition of a property, identifying potential issues, and negotiating repairs or renovations.
  2. Ability to Spot Issues: With their experience in construction, they can spot potential issues that others might miss. They can identify red flags that could indicate problems with a property, such as foundation issues, drainage problems, or electrical hazards. By catching these issues early, they can help you avoid costly repairs down the road.
  3. Access to a Network of Contractors: Also, they often have an extensive network of contractors and other professionals in the industry. This can be helpful when it comes to finding reliable and trustworthy contractors for repairs or renovations. They can also provide guidance on which renovations or upgrades are likely to add value to a property.
  4. Negotiating Power: They have a deeper understanding of the costs associated with repairs and renovations, which can give them an edge when it comes to negotiating with buyers or sellers. They can help you make informed decisions about which repairs to request, and they can help you negotiate the costs of those repairs.
  5. Better Communication: With their experience in construction, these Realtors have a greater understanding of the language and terminology used in the industry. This can make it easier for them to communicate with contractors, inspectors, and other professionals involved in the buying or selling process.

For home selling & buying information, contact us now! Shea Preferred Realty Group

Mother’s Day Brunch at La Casa

Calling all Encanterra Mothers and their families. Join us as we celebrate this special day for Mothers!

Reservations will be available from 10:00am-3:00pm in the La Casa Club House.

For more details and reservation click here! MyTrilogyLife: Mothers Day Brunch

Reminders:

When making reservation, clarify if you will be dining with other Members and how many are in your party. Palma Kitchen + Tap will be closed on Mother’s Day. Solaz and The Algarve will close at 5:00pm. Mother’s Day Brunch is non-refundable and you will be billed at the time of reservation. 

 

Encanterra Home for Sale: 1372 E. Corsia Lane, Queen Creek, Az 85140

 

1372 E Corsia Lane, Queen Creek, AZ⁠
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  • 2 Bed⁠
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    2.5 Bath⁠
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    2,124 Sq. Ft.⁠
    ⁠
    Captivate plan⁠
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    Priced at $765,000⁠

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This stunning 2 bedroom, den, and 2.5 bath home boasts luxurious finishes and amenities, including a 3-car garage and a gorgeous backyard oasis perfect for entertaining. The gourmet kitchen is a chef’s dream, complete with stainless steel appliances, double ovens, quartz countertops, and tons of storage space. The kitchen also features a large island with a breakfast bar, providing the perfect space for hosting guests or enjoying a casual meal. The backyard is a true oasis, with a fire pit, BBQ grill, water feature, and turf grass. Perfect for hosting summer barbecues or enjoying a relaxing evening under the stars. The three-car garage provides plenty of storage space for all your toys and cars. This home is a showstopper. ⁠
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Reach out to our team to book your showing today! 

Check the property here! 1372 East Corsia Lane
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Encanterra Living: TJ’s Day!

 

Just a glimpse of how awesome and relaxing it is to live in Encanterra community!

One of TJ’s best days is doing business meetings over lunch…..

and having a glass of wine with clients! 

 

For Encanterra Living, contact us now! Shea Preferred Realty Group

 

Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140