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Curious to see who’s popular at Encanterra this year?

Encanterra Real Estate Market Report- 2022 & looking forward to 2023

Take a look below to see which floorplans were the most popular in 2022.

Encanterra ONLY sales Market Report for 2022

*No longer offered

2022 Encanterra ONLY market statistics:

43 Canceled/expired listings

Average days on the market for the canceled or expired: 32 with the high at 182 days

2022 – 99 new build closings

2022 – 130 resale closings

Of these 130 resale closings; the average days on the market: 90 with the high 252 days

 

Looking forward

How our market evolves in 2023 will be determined by three metrics: Mortgage rates! Mortgage rates! Mortgage rates!

VALLEY WIDE statistics- ARMLS (Arizona Regional MLS) Pending Price Index (PPI) Last month, STAT’s mathematical model projected the median sales price for December at $420,000, the actual amount was $412,000. Looking ahead to January, the ARMLS Pending Price Index is projecting the median sales price to drop slightly to $410,000. If January’s median sales price projection is correct, our year-over-year median sales price will have 13.68% from May 2022’s record high of $475,000. Our December’s median price projection missed the mark by $8,000 or 1.9%. This was caused by numerous contracts signed earlier this year which had been assigned a year-end escrow date, in which a status change had taken place and had not been updated.

We began January with 4,910 residential listings under contract. This compares to 8,812 of the same type of listings one year ago. At the beginning of January, the “pending” contracts are 44.28% lower than last year.  ARMLS reported 6,806 sales in January 2022. The highest sales volume ever in January occurred in 2021 with 7,076. When January’s numbers are reported this year, we will see a drop in both sales volume and price. If our models are correct, year-over-year sales volume will decline around 45%.

 

In conclusion, let us share with you two published opinions:

Sam Khater, Freddie Mac’s Chief Economist: “Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.” While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks, latent demand has been on display with buyers jumping in and out of the market as rates move. 

Michael Orr of the Cromford Report: “We are still dependent on the whims of the Federal Reserve. If they continue to push the Federal Funds Rate higher in an attempt to curb inflation, then mortgage rates could move higher too, putting a quick damper on any recovery in demand. However, if the 30-year fixed mortgage rate stays between 6% and 6.75%, then we should have confidence that the housing market can operate normally at this level. To achieve confidence, we need several months of interest rate stability. This is by no means certain to happen, but it is possible. Once the fear is removed, we should see more signs of a recovery in demand and volumes will rise back towards a more normal level.”

Want to discuss your home’s value? Let’s chat!

How’s the Encanterra Market? 1/27/2023

Below are the Encanterra Real Estate market numbers so far in January, 2023

As of today, there are:

Active Listings: 35

Under contract: 7

Coming Soon Listings: 3

Have questions about your home? Contact us today!

HOME SPOTLIGHT – 37204 N STONEWARE DR

37204 N STONEWARE DRIVE

QUEEN CREEK, AZ 85140

Stoneware-7-Bedroom Stoneware-2 1_Stoneware-2 Stoneware-16-Living-Room Stoneware-1 Stoneware-51 Stoneware-6 Stoneware-13 Stoneware-12 Stoneware-16 Stoneware-18 Stoneware-19 Stoneware-22 Stoneware-24 Stoneware-25 Stoneware-31 Stoneware-26 Stoneware-29 Stoneware-32 Stoneware-33 Stoneware-34 Stoneware-36 Stoneware-37 Stoneware-38 Stoneware-39 Stoneware-42 Stoneware-43 Stoneware-47 Stoneware-49 Stoneware-50 1_Stoneware-51

2 BR + 2.5 BATHS + 2173 SF

GENOVA PLAN

Start the 2023 year off right with a gorgeous home located in Trilogy at Encanterra. This popular Genova plan is ready for you. The home offers a sparkling pool and spa with expanded pavers and tons of backyard privacy. Enjoy your morning coffee in the front courtyard and take in the views on the 14th green. Custom tile-work and upgraded flooring will wow your guests! The gourmet kitchen is well appointed with stainless steel appliances, gas cooktop, warming drawer and so much more! The backyard is like your own tropical paradise with a gas fireplace, putting green, spa and heated pool. And a huge bonus with having the pre-paid solar for amazing energy efficiency. New interior paint, custom window treatments, built in cabinets and so much more. Start living the Good Life today!

OFFERED AT $765,000

LINK TO THE MLS LISTING

Waste Management Phoenix Open 2023

WASTE MANAGEMENT PHOENIX OPEN
February 6-12, 2023

https://www.sheapreferred.com/wp-content/uploads/2023/01/Waste-Management-Phx-open.mp4

Kick off the new year and one of the first PGA Tour events with a bang! Unlike other tournaments, the Waste Management Phoenix Open makes its spectators central to the event, helping to transform the famous 16th hole into “The Coliseum” and the loudest hole in golf. Don’t miss your chance to be a part of it! 

Dubbed “The Greatest Show on Grass,” the Waste Management Phoenix Open at TPC Scottsdale has no problem living up to its name. In addition to playing host to the greatest players in the game, the tournament is the PGA Tour’s best attended event, drawing nearly 500,000 enthusiastic spectators each year. On Thursday, February 9th, the first round of competition begins.

GENERAL ADMISSION

  • Free Admission on Monday and Tuesday courtesy of Ford Free Days.
  • Ages 15 and under are FREE all week when accompanied by an adult.

TICKET PRICES

Monday | Tuesday

FREE

General Admission Only

Wednesday | Thursday | Sunday

General Admission Single Daily Ticket

$50

($75 during tournament week Feb. 6-12)

Friday | Saturday

General Admission Single Daily Ticket

$75

($100 during tournament week Feb. 6-12)

Click here to buy your ticket!

We hope you have fun!

Top 5 Interior Trends for 2023

Top 5 Interior Design Trends Expected in 2023

Each New Year ushers in a variety of new trends, from fashion to technology to interior design. Whether you’re looking for ways to spruce up your current home before selling it or you’re starting to plan the style of a new home, the upcoming trends forecasted by designers can provide some inspiration.

Here are 5 of the top interior design trends you can expect to be seeing in 2023:

  1. Calming colors. When it comes to paint colors, wallpaper, and décor, homeowners are increasingly preferring warm, neutral hues that evoke a sense of calm and coziness. Colors commonly found in nature—such as muted browns and greens—are always a safe choice, but shades that are deeper yet still earthy (like mustard yellows, the popular accent color Ultramarine blue, or Pantone’s color of the year for 2023, Viva Magenta) are finding their place as well.
  2. Statement rugs. To complement a more neutral color palette, designers are seeing homeowners opt for statement rugs that are both functional and decorative. With bold colors and patterns, these rugs can essentially serve as “floor art.”
  3. Gold accents. Reflecting the theme of warm over cool tones, gold and brassy fixtures—including lighting, faucets, and cabinet or drawer pulls—will continue to be popular, while brushed nickel has fallen out of favor.
  4. High-gloss wood finishes. From floors to cabinets, matte wood finishes are being swapped out for high-gloss, which brings a polished, eye-catching look to any room.
  5. Biophilic design. While this trend is not exactly new, designers expect to continue seeing homeowners seek ways to bring elements of the natural world into their homes. This often manifests in the use of natural, organic materials, such as bamboo, cork, and wood, as well as decorative objects with freeform shapes. Incorporating these items can add warmth and texture to any interior design.

 

Sources: good housekeeping & house beautiful

Encanterra Living App in the Apple App Store!

GUESS WHAT!

 

Now, it is so much easier to download the app, without having to worry about adding it to your home screen! Click the link below to head to the App Store!

You can download the Encanterra Living App with one click and you’ll be on your way to enjoy everything that this app offers! With this app you can easily access amenities like dinner reservations, book a tee time or spa appointment. The app also provides access to an extensive list of handyman services like plumbers, electricians, roofers, you name it! The app can give you up to date information about all the homes listed for sale in the community because it’s linked directly to the MLS. This app is like your one stop shop for anything related to Encanterra. Click the link below to download the app, and start enjoying!

Click here to access the app: Encanterra Living App

Your AZ Local Market Snapshot – December 2022 + January 2023

This is what our market has looked like in Arizona for the past month. Have any questions about the market? Reach out to our team or leave a comment below!

Awesome Air Adventures in Arizona!

RAINBOW RYDERS

The largest hot-air balloon business in the Southwest offers sunrise, sunset and private balloon rides. Their sunrise balloon rides are offered year round and sunset balloon rides are offered November-March. All rides conclude with a post-flight breakfast with prickly pear cactus mimosas, local treats and a flight certificate!

Before each ride, you’ll get the chance to observe and help out with the inflation process, and even take pictures!

Information: rainbowryders.com

FLAGSTAFF EXTREME ADVENTURE COURSE

There are rope swings, wobbly ladders, monkey bars, tunnels, bridges and nets, and all of it ends with a zip line!

Information: flagstaffextreme.com

HOT AIR EXPEDITIONS

You’ll have an unobstructed 360-degree view to take excellent photographs of the Arizona mountains and desert.

Information: hotairexpeditions.com

IFLY

Ever wondered what it was like to fly? This indoor skydiving operation lets guests enter a 14-foot wide tunnel and be propelled into the air!

Information: iflyworld.com

MAVERICK HELICOPTERS

Maverick offers helicopter tours that will take you deep into the awe-inspiring Grand Canyon!

Information: maverickhelicopter.com

PIMA AIR & SPACE MUSEUM

The museum features a display of nearly 300 aircraft spread out over 80 acres on a campus occupying 127 acres!

Information: pimaair.org

PAPILLON GRAND CANYON HELICOPTERS

Since 1965, Papillon Grand Canyon Helicopters has been showing guests the majesty of the Grand Canyon.

Information: papillon.com

SEDONA AIR TOURS

Tours allow guests to see great parts of Sedona and the Grand Canyon that you’d never be able to see by hiking or taking a jeep tour!

Information: sedonaairtours.com

SKYDIVE ARIZONA

Home to the world’s largest drop zone, Skydive Arizona is the best way to fall! Tandem and solo jumps are available.

Information: skydiveaz.com

SUPERSITION ZIPLINE AT GOLDFIELD GHOST TOWN

Get whisked away at 30 mph along a cable on a quarter-mile ride 120 feet above Goldfield Ghost Town.

Information: superstitionzipline.com

Encanterra Market Update from December 2022

Do you have any questions about this data or would like to know more information about the community? Leave a comment on this blog post!

OpenTable Names 5 Arizona Restaurants to Top 100 in U.S. List

The Valley’s top trio of steakhouses and seafood announced OpenTable diners have named Ocean 44, Dominick’s Steakhouse, Steak 44 to its top 100 restaurant list for the U.S. in 2022.

In addition to Dominick’s Steakhouse, Ocean 44 and Steak 44, Mariposa in Sedona and The Henry in Phoenix also joined the list representing Arizona.

The restaurants have been chosen as OpenTable’s Top 100 Restaurants for 2022, curated by diners and is based on over 13 million reviews submitted in the last year by verified OpenTable diners.

According to OpenTable their list of the Top 100 Restaurants for 2022 in the U.S. is generated from diner reviews collected between October 1, 2021 and September 30, 2022. All restaurants with a minimum “overall” score and number of qualifying reviews were included for consideration. The overall score is made up of unique data points, such as overall diner rating, user klout, total number of reviews, and regional overall rating. Qualifying restaurants were then scored and sorted according to the overall score.

The full list can be found here on OpenTable.

Oliver Badgio, who serves as the Chief Brand Officer for Ocean 44, Steak 44 and Dominick’s Steakhouse thanked the diners for including their Arizona concepts, as well as their sister restaurant Steak 48 in a neighboring state.

“We’re absolutely thrilled and honored to have all three of our Arizona restaurants make the top 100 list and we are equally as elated our Steak 48 in Charlotte was also selected by diners,” said Badgio. “I think it shows that diners are continuing to love and enjoy the world class dining experience we offer and the premium seafood and steaks that we continue to source from around the world.”

About Steak 44

Steak 44, located in Phoenix on 44th Street at Camelback, opened to stellar reviews in the spring of 2014 and is the latest steakhouse masterpiece by Dennis, Michael and Jeff Mastro, along with partner Scott Troilo, who also own the popular Dominick’s Steakhouse in the Scottsdale Quarter and Ocean 44 near the luxury wing of Scottsdale Fashion Square. Housed in an 8,400 square foot landmark, Steak 44 is an upscale urban oasis that boasts a vibrant bar, glass expo kitchen, intimate dining suites and many dining rooms featuring unique architectural detail, truly something for everyone to call their new favorite restaurant and hangout.

About Ocean 44

Created by the founders of the Valley’s favorite family of steakhouses, Steak 44 and Dominick’s Steakhouse, Ocean 44 is the brand new seafood creation by owners and brothers Mike and Jeff Mastro, along with their father Dennis and partner Scott Troilo. Designed by Testani Design Troupe with almost 12,000-square-feet, the restaurant opened earlier this month in Scottsdale at the former Harkin’s Camelview space on Goldwater Blvd., across from the new luxury wing of Scottsdale Fashion Square. Ocean 44 features an elaborate glass expo kitchen with nearby seats, a large bar and two dining bars, flexible private dining rooms, the main dining floor and several other options. With an abundant and varied seafood menu Ocean 44 is seafood reinvented in a vibrant upscale atmosphere specializing in world class seafood and the great steaks they are known for at Steak 44.

About Dominick’s Steakhouse

Dominick’s Steakhouse is an experience, a renewed Manhattan style American Steakhouse featuring world class steak, paired with unique and interesting side dishes and appetizers that go beyond the traditional steakhouse menu. Housed in a stunning and energetic atmosphere and located in the Scottsdale Quarter, Dominick’s Steakhouse is the creation of Dennis, Michael and Jeff Mastro, along with partner Scott Troilo, who also own the popular Steak 44, and Ocean 44 restaurants in Arizona. Often awarded Best Arizona Steakhouse by diners and critics alike, Dominick’s offers an elegant fine dining experience with exceptional personal service and a luxurious menu created by Chief Executive Chef Marc Lupino and features the best quality steaks including USDA Prime and American Wagyu and fresh seafood flown in daily.

Information Source: AZ Big Media

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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

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