Ann Espinosa, Author at Greater Phoenix Arizona Real Estate - Shea Preferred Realty Group

ENCANTERRA HOME SPOTLIGHT: 35451 N GRANADA LANE, QUEEN CREEK, ARIZONA

Encanterra Home for Sale in Queen Creek, AZ!

Welcome to this popular Chroma plan, nestled within the beautiful community of Encanterra. This home is turn-key and ready for you to start enjoying all that the community offers. Move right in with your swimsuit and golf clubs because that is all you’ll need to make this home yours! Stunning upgraded tile work with custom inlays are in all of the main living areas. The gourmet kitchen is an enthusiast’s dream, as you’ll be ready to entertain your family and friends. You’ll find a generously sized island, tons of cabinet space and sleek stainless steel appliances. The backyard is an oasis with a heated pool, expanded patio and tons of privacy. This home is also a stones throw from the Algarve pool and restaurant. Meet friends there for a game of pickleball or bocce ball.

Interested in viewing this gorgeous 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: 35451 N Granada Lane, Queen Creek AZ 85140

Encanterra, Queen Creek Home for Sale | 35451 N Granada Lane

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Your Guide to Homebuying this 2024

Welcoming the new year with a new home?

Here are the key milestones you’ll encounter on your path to homeownership:

1. Build your Team

Kickstart the process by finding the trusted experts to guide you along the way.

2. Check your Score

Find out your credit score and work to improve it by cutting down debt and spending.

3. Boost your Savings

Talk to a professional about down payment options. Then set a goal and budget accordingly. You may check some Down Payment options here: Down Payment Resource

4. Know your Numbers

Discover what you can afford based on mortgage rates, income, and more. Then get pre-approved by a trusted advisor.

5. Go House Hunting

Explore neighborhoods, home types, and determine your must-haves with your agent.

6. Make an Offer

Meet with your agent to draft your offer and negotiate with the seller.

7. Get an Inspection and an Appraisal

Rely on the pros as they determine the value and condition of the home. Renegotiate as needed.

8. Make if Official

On closing day, sign the final documentation and get the keys to your home.

9. Move into your New Home

Send in the movers because it’s time to make your dream a reality on move-in day.

Your journey starts here.

Connect with us @ Shea Preferred Realty Group so you have expert guidance each step of the way.

Expert Quotes on the 2024 Housing Market Forecast

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the new year?

The good news is, many experts are optimistic we’ve turned a corner and are headed in a positive direction.

Mortgage Rates Expected To Ease

Recently, mortgage rates have started to come back down. This has offered hope to buyers dealing with affordability challenges. Mark Fleming, Chief Economist at First American, explains how they may continue to drop:

“Mortgage rates have already retreated from recent peaks near 8 percent and may fall further . . .”

Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), says:

“For home buyers who are taking on a mortgage to purchase a home and have been wary of the autumn rise in mortgage rates, the market is turning more favorable, and there should be optimism entering 2024 for a better market.”

The Supply of Homes for Sale May Grow

As rates ease, activity in the housing market should pick up because more buyers and sellers who had been holding off will jump back into action. If more sellers list, the supply of homes for sale will grow – a trend we’ve already started to see this year. Lisa Sturtevant, Chief Economist at Bright MLS, says:

“Supply will loosen up in 2024. Even homeowners who have been characterized as being ‘locked in’ to low rates will increasingly find that changing family and financial circumstances will lead to more moves and more new listings over the course of the year, particularly as rates move closer to 6.5%.”

Home Price Growth Should Moderate

And mortgage rates pulling back isn’t the only positive sign for affordability. Home price growth is expected to moderate too, as inventory improves but is still low overall.As the Home Price Expectation Survey (HPES) from Fannie Mae, a survey of over 100 economists, investment strategists, and housing market analysts,says:

“On average, the panel anticipates home price growth to clock in at 5.9% in 2023, to be followed by slower growth in 2024 and 2025 of 2.4 percent and 2.7 percent, respectively.”

To wrap it up, experts project 2024 will be a better year for the housing market. So, if you’re thinking about making a move next year, know that early signs show we’re turning a corner. As Mike Simonsen, President and Founder of Altos Research, puts it:

“We’re going into 2024 with slight home-price gains, somewhat easing inventory constraints, slightly increasing transaction volume . . . All in all, things are looking up for the U.S. housing market in 2024.”

Bottom Line

Experts are optimistic about what 2024 holds for the housing market. If you’re looking to buy or sell a home in the new year, the best way to ensure you’re up to date on the latest forecasts is to partner with a trusted Real Estate Team. Connect with us @ Shea Preferred Realty Group . We are the Top 1% Real Estate Agents in East Valley Arizona. Don’t hesitate to message us!

Source: Keeping Current Matters

Our Favorite Childhood Road Trips! What’s your?

What’s Your Favorite Christmas Movie?

Hello, Encanterrans!

What’s your go-to Christmas movie?

Ours is Christmas Vacation, a tradition for over 30 years!

It’s like a nostalgic holiday hug, and we know every word.

Elf is a close second—so cute and hilarious!

Do you have a favorite Christmas Movie? Share your Christmas movie picks in our YouTube video comment section below!

GOLD CANYON HOME FOR SALE: 11471 E CHEVELON TRAIL, GOLD CANYON, AZ 85118

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This stunning 4-bedroom, 2-bathroom home is a true gem, perfectly situated on a premium open space homesite. Impeccably designed and maintained, this home offers a lifestyle of comfort, luxury, and convenience. The open floor plan connects the living, dining, and kitchen areas, providing a spacious and welcoming environment for both everyday living and entertaining. The gourmet kitchen is a chef’s dream, featuring high-end appliances, sleek countertops, and ample storage space. It’s perfect for entertaining or simply enjoying a morning cup of coffee. Say goodbye to mowing and hello to vibrant green turf grass that covers the backyard. It’s the ideal spot for family gatherings, picnics, or basking in the sun. Don’t miss this rare opportunity to own a piece of paradise in Peralta Trails!

ENCANTERRA HOME FOR SALE: 36234 N DESERT TEA DR, QUEEN CREEK, ARIZONA

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Start enjoying Encanterra today! Why wait for new construction when you can get into this beautiful Resort Collection home today. The home offers a bright and open floorplan with 2 bedroom, 2 bath and enclosed office/den. Step inside and you’ll find upgraded tile plank flooring throughout. The kitchen has beautiful white maple cabinets and gorgeous granite. Custom light fixtures add the perfect touch. The master suite bath looks and feels like luxury. The home is situated on a premium homesite and steps away from La Casa as well as the new Algarve, adult pool and restaurant. The Resort collection at Encanterra is perfect for the seasonal resident or year-round homeowner! Start living the Good Life at Encanterra today!

4 Things It’s Ok to Do When Buying a Home

Starting the process of a buying a new home a significant journey, and we understand the challenges it poses. And it’s ok for you to have mixed feelings about it.

1. It’s ok to take your time

You don’t have to rush when house hunting. You can take the time you need to find the right home for you.

2. It’s ok to ask questions

If you have questions about the homes you are seeing it’s ok to ask your agent about them. We are your guides through this whole process.

3. It’s ok not to settle

Buying a home is a big, financial decision. It’s ok not to settle for something less than what you want or can afford. Keep looking for the one.

4. It’s ok not to win the offer

You can’t win them all. It’s ok if your offer doesn’t work out. You will have more opportunities to put in another offer on a different home that still may be the one.

Connect with us if you’re looking to buy or sell a home @ Shea Preferred Realty Group!

ENCANTERRA REAL ESTATE MARKET: DECEMBER 2023 MARKET ANALYSIS

As of December 12, 2023, the Encanterra Real Estate market is presenting a mixed picture.

Active listings for the first 12 days of December stand at 45, with an additional 7 new listings. This indicates a modest increase in inventory, potentially offering a slightly broader range of options for homebuyers, contributing to a more balanced market.

During the same period, pending listings for December 1-12, 2023, total 4, with 7 successful closings. This suggests a robust closing rate, signaling a healthy level of buyer-seller engagement. The higher number of successful closings compared to pending listings could indicate a more expedited transaction process, possibly influenced by motivated buyers and sellers.

The average days on market in Encanterra for December 1-12, 2023, have increased to 78 days. This notable uptick may suggest a slight cooling of the market, giving buyers more time to consider their options and potentially negotiate terms.

Examining the average list and sale figures for December 1-12, 2023, the average list price is $640,269, and the average sold price is $627,414, resulting in an impressive 98.76% sold to list price ratio. This indicates a market where properties are selling close to their listed prices, presenting an opportunity for both buyers and sellers to engage in transactions that are transparent and closely aligned with market valuations.

In summary, the Encanterra Real Estate market in December 2023 reflects a moderate increase in active listings, a strong closing rate in pending transactions, a slightly extended average days on market, and a market where properties are selling at a high percentage of their listed prices. For homebuyers, this may provide a more balanced market with increased inventory and potential negotiation room. For homesellers, it signifies the importance of pricing properties competitively.

Stay tuned for our upcoming newsletter, where we will provide a deeper analysis of year-over-year market trends. Whether buying or selling in Encanterra, contact us anytime at Shea Preferred Realty Group for expert guidance.

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Mortgage Rates Expected To Ease

The Supply of Homes for Sale May Grow

Home Price Growth Should Moderate

Bottom Line

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