Blog - Greater Phoenix Arizona Real Estate - Shea Preferred Realty Group

Fall Real Estate Market Forecast

Let’s take a look at the rest of the 2023 housing market – Spark Notes style!

1. Home Prices & Rent Growth

→ Nationally, home prices are expected to level off for the remainder of 2023 and into 2024.

→ Rent growth may overtake home price appreciation, with the rental market remaining strong and rental prices expected to increase.

→ The number of renters is also expected to rise especially in urban areas

2. Mortgage Rates and Inventory

→ Mortgage rates will remain high (above 6%), contributing to the overall high cost of home ownership.

→ Unwilling to give up their sub-4% rates, sellers will likely stay put, causing the housing inventory shortages to persist.

→ Joint real estate purchases will become more common as a way to afford larger properties and qualify for mortgages.

3. Buyer Trends

→ Following a recent decline, the percentage of first-time homebuyers entering the market may rise in early 2024.

→ Affordable markets in the Midwest, South, and Sunbelt will continue to attract younger buyers who are able to relocate due to remote work.

→ Further, many are moving to be closer to family and loved ones, with 17% of recent buyers citing this as their primary motivation

How Can Living in Encanterra Benefit You?

Are you considering downsizing to an active adult community?

It’s important to consider the phase of life you’re entering, consider the social life an adult community can bring as well as a smaller home and less responsibilities.

Encanterra is an amazing place to call home, there’s always opportunity to meet your neighbors and fellow members!

Reach out to our team to learn more about living in the Encanterra community!
@ SHEA PREFERRED REALTY GROUP

#encanterra #encanterraliving #qcliving #queencreek #queencreekrealtors #queencreekrealestate #eastvalley #activeadultcommunity #adultcommunities #countryclub

Is Your Home Ready to Sell?

Selling your home is an exciting journey, but it comes with its share of responsibilities. First impressions matter, and potential buyers often make judgments about your property before they even step inside. So, is your home truly ready to sell? Let’s explore some essential aspects to consider.

Landscaping:

Your front yard sets the stage for what’s inside. A well-maintained and inviting landscape can make a significant difference. Start by cleaning up the front yard. Trim overgrown bushes and trees, mow the lawn, and remove any dead plants. Adding fresh flowers can bring color and vibrancy to your home’s exterior, creating an appealing first impression. Remember, a tidy and attractive yard can set a positive tone for the entire viewing.

The Garage:

When was the last time you took a good look at your garage? It’s a space that often accumulates clutter over time. Buyers want to envision their own belongings in the space, so a cluttered garage can be a major turn-off. Consider investing in a storage unit to temporarily store items that don’t need to be on display. If you’re not ready to part with some belongings, start cleaning and organizing the garage. A well-organized garage not only appeals to buyers but also helps you present your home in the best possible light.

Questions About Prepping Your Home?

Preparing your home for sale involves more than just landscaping and decluttering the garage. If you have questions or need advice on how to make your home shine in the competitive real estate market, don’t hesitate to reach out to us. Leave a comment or send us a message, and our experienced team will be happy to assist you throughout the selling process. We’re here to help you achieve a successful home sale!

#Encanterra #SellingTips #HomeSelling #HomeSales #HomeSellingTips #RealEstateTips #RealtorTips #EastValley

REAL ESTATE MARKET REPORT – AUGUST 2023

The Encanterra Real Estate Market has observed significant shifts between August 2022 and August 2023. These changes in active listings, sale-to-list-price ratios, and average sales prices reveal a dynamic landscape. Let’s explore what these numbers signify for both prospective buyers and sellers.

Active Listings: In 2023, Encanterra’s Real Estate Market experienced a notable decrease in active listings, indicating a tightening of supply. There was a notable decrease from 35 in August 2022 to 26 in August 2023. This reduction emphasizes the tightening of the market, potentially leading to heightened competition among buyers. With fewer homes available, buyers should be prepared to act swiftly when they find the right property. Despite this shift, the number of sold listings has remained relatively steady, suggesting consistent buyer demand in the Encanterra community.

Total Listings Sold: Comparing August 2022 to August 2023, there has been only a slight decrease in the total number of listings sold. In August 2022, 5 listings were sold, while in August 2023, there were 4 listings sold. While this may suggest a mild cooling of the market, it’s essential to consider the broader context and understand that Encanterra remains an attractive area for both buyers and sellers.

Average Sales Price: The average sales price in Encanterra experienced a decrease during this period. In August 2022, the average sales price was $685,000, which decreased to $622,500 in August 2023. Several factors could contribute to this decline, such as higher mortgage interest rates or shifts in buyer preferences. However, it’s crucial to note that Encanterra continues to offer competitive prices, making it appealing to potential homebuyers.

Sale-to-List Price Ratio: The sale-to-list price ratio is a crucial indicator of market health. In August 2022, it stood at 90.7%, while in August 2023, it surged to 96.7%. This substantial increase signifies that sellers are receiving offers much closer to their asking prices, highlighting a strong seller’s advantage in the market. Buyers should be prepared to make competitive offers due to this upward trend.

In summary, the Encanterra Real Estate Market in August 2023, compared to August 2022, is characterized by a decrease in active listings, an increase in the sale-to-list price ratio, and a slight dip in the average sales price. For homebuyers, this indicates a competitive market where acting quickly and making strong offers is crucial. For sellers, it’s a favorable market with properties selling closer to their asking prices.

See the market report details in the slides below. All data directly from the MLS.

The Encanterra market remains a dynamic and attractive option for both buyers and sellers, offering a range of opportunities and potential for growth. Stay tuned next month as we continue monitoring the market changes in Encanterra.

Buying or selling home in Encanterra? Contact us anytime @SHEA PREFERRED REALTY GROUP

3 Signs of Home Having a Good Resale Value

You wouldn’t buy a car without checking under the hood, right? Well, the same principle applies when it comes to buying a home. There’s one aspect of homeownership that’s essential to consider if you want to make a smart investment, but many buyers overlook it entirely. Let us show you why you need to pay attention to resale from day one if you want to avoid buyer’s remorse.

1. Location

You want to live in an area with a strong housing market, good schools, and desirable amenities!

2. Well-Maintained

A home that’s been taken care of and doesn’t need any major repairs or updates is a good sign that it will have good resale value.

3. Unique Features

A home with unique features, like a pool or custom built-in storage can help set it apart from the rest of the homes on the market.

If you want to know your home’s value or for Real Estate referrals, message us! @SHEA PREFERRED REALTY GROUP

Celebrating the Essence of Family Businesses with Blooming Vista

In the heart of our community, family-owned businesses radiate a special charm that resonates with authenticity and familiarity. Sean, the proud owner of Blooming Vista, shares, “There’s nothing better than family businesses that pour their heart and soul into what they do. They bring a unique touch that resonates with the essence of the local community.” These cherished establishments create connections that go beyond transactions, making us feel like a part of an extended family.

Local Gems, Timeless Bonds

Our neighborhood is adorned with local favorites that have become an integral part of our lives. These family-run enterprises stand as testaments to time-honored values and a personalized touch. From cozy cafes serving cherished recipes to hardware stores offering expert advice, these businesses are more than just places; they’re experiences that define our community.

A Personal Touch, Lasting Impact

The heartwarming connection of family businesses is evident as Sean nurtures Blooming Vista, transforming landscapes into outdoor havens where memories flourish. This personal touch, shared by many local businesses, is what makes them shine. “Every project we take on is personal to us because we know it’s personal to our clients,” Sean expresses, embodying the dedication that sets family enterprises apart.

Championing Local, Building Bonds

As we honor the influence of family businesses, let’s celebrate our local favorites and spread the love. These establishments reflect dreams, hard work, and a commitment to serving the community. Join the conversation using #familyowned #localcommunity #localfavorites and share your cherished family-owned businesses. Together, we cherish the heartbeats of our town.

Crafting Beauty and Value in Real Estate Landscaping

In the dynamic realm of Arizona real estate, Blooming Vista stands as a symbol of realestate landscaping’s significance. Committed to elevating curb appeal and property value, Blooming Vista transforms outdoor spaces into personal sanctuaries. “A well-designed landscape doesn’t just enhance curb appeal; it adds value to the property,” Sean highlights, reinforcing the synergy between landscaping and real estate.

Blooming Vista and similar family-owned enterprises remind us that community is not just a place; it’s a feeling of belonging, a celebration of tradition, and a testament to the power of local businesses. Let’s continue to cherish, support, and celebrate the heart and soul of our community, one local favorite at a time.

#familyowned #localcommunity #localfavorites #sheapreferred #bloomingvista #arizonarealestate #realestate #landscaping #realestatelandscaping

Queen Creek Featured Events – A September to Remember 2023!

As the summer heat gradually gives way to cooler temperatures, Queen Creek emerges as a hub of exciting events and festivities for the month of September. Nestled in the heart of Arizona, this charming town is gearing up to offer a diverse array of experiences that cater to every interest and age group. From savoring exquisite sangrias to exploring the secrets of desert gardening, and from lively rodeo spectacles to celebrating the aromatic allure of garlic, Queen Creek is set to captivate residents and visitors alike. Join us in this guide as we unveil a curated selection of September’s most anticipated events in Queen Creek, ensuring that you don’t miss out on the chance to create lasting memories and embrace the community spirit in this vibrant Arizona town.

1. Sangria Social at Queen Creek Olive Mill: Celebrate Labor Day Weekend in style at the Sangria Social hosted by Queen Creek Olive Mill on September 2nd from 11:00 AM to 7:00 PM. Admission is free, and no RSVP is required. Enjoy quality time with friends and family in the serene ambiance of Queen Creek Olive Mill. Relax at Di Oliva while treating your taste buds to the delightful flavors of three seasonal sangrias throughout the day.

Link to Event: Sangria Social

2. Grill at the Mill: Join us for the “Grill at the Mill” event on September 4th, from 11:00 AM to 5:00 PM at Queen Creek Olive Mill. Admission is free, and RSVP is not needed. Immerse yourself in the festive atmosphere with live music, specially curated grill-inspired menus, and engaging games nestled in the picturesque grove. An ideal occasion to relish mouthwatering dishes, music, and leisurely pastimes with family and friends.

Link to Event: Grill at the Mill

3. Veggie Gardening in the Desert: Free Workshop: Enhance your gardening skills with the “Veggie Gardening in the Desert” workshop on September 9th, 9:00 AM to 11:00 AM, at the Queen Creek Library’s Zane Grey Room (21802 S. Ellsworth Road). Join Master Gardener Cathy Rymer to unravel the secrets of successful vegetable cultivation in our desert environment. Learn about effective planting, irrigation techniques, distinguishing beneficial insects from harmful ones, and eco-friendly pest management. The workshop is free and provides valuable insights into thriving gardens within our unique desert landscape.

Link to Event: Veggie Gardening in the Desert

4. Founder’s Day Celebration: Save the date for Founder’s Day on September 16th, 5:00 PM to 9:00 PM, at Founders’ Park (22407 S Ellsworth Rd). Queen Creek invites the community to a lively event featuring enjoyable activities, vibrant music, and the exciting Battle of the Badge relay-style competitions. It’s a fantastic opportunity to come together with family, friends, and neighbors for a family-friendly community celebration.

Link to Event: Queen Creek Founder’s Day

5. Creek Bash Rodeo: Rodeo enthusiasts, mark your calendars for the 5th Annual Creek Bash Rodeo from September 16th to 18th at Horseshoe Park and Equestrian Centre. This family-friendly event by Rodeo Naked promises entertainment for all ages, including kids’ activities, vendors, food, and beer gardens. The action-packed weekend includes thrilling events like the Young Guns Qualifier, Grand Canyon Pro Rodeo Performances, a rodeo dance, and the Bull Bash and Barrel Race on Sunday. Don’t miss this exhilarating rodeo experience!

Link to Event: Creek Bash Rodeo

6. 10th Annual Garlic Fest: Prepare for a garlic-infused extravaganza at the 10th Annual Garlic Fest! From September 16th to 24th, experience the ultimate celebration of garlic at Queen Creek’s Olive Mill. Indulge in a variety of garlic-infused dishes, including unique creations like garlic gelato. Live music, family-friendly activities, and delectable food await you. Dress comfortably and bring your appetite for an unforgettable culinary adventure.

Link to Event: 10th Annual Garlic Fest

Our Encanterra Sold Homes in August 2023!

We’re excited to share that the following properties have found their new owners.

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– 1372 E Corsia Lane

– 762 E Silversword Lane

– 1663 E Grand Ridge Rd

Congratulations to all parties involved!

⁠If you’re ready to make a move in 2023, let’s connect and make your real estate dreams a reality. Our dedicated team is here to provide expert guidance and support throughout the entire process. From finding the perfect home to negotiating the best deals, we’ve got you covered.⁠
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Embrace the lifestyle of your dreams at Encanterra, the ultimate golf resort community. Enjoy the luxury amenities, championship golf courses, and the stunning beauty of the surroundings. It’s time to live the good life!
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Join the thriving Trilogy community and experience a new level of happiness. Find your perfect home and enjoy the amenities and activities designed for active adults like you. Let’s create memories that will last a lifetime.
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Choose Shea Preferred Realty Group, your trusted partner in Real Estate. With the expertise and support of TJ Kelley and Ben Leeson, you can feel confident in your home-selling or home-buying journey.
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Our September Coffee Time in Encanterra!

Save the date!

Our next Coffee Time will be on September 22nd from 8:00 AM – 10:00 AM at our on-site office at St. Tropez Model Home in Encanterra! Again, this is OPEN TO ALL ENCANTERRA HOMEOWNERS!

Enjoy an early morning coffee and snacks, and a chat about Real Estate and the Encanterra community, as well as meet new neighbors this month!

We hope to see you there!

#coffeetime #coffee #coffeeinencanterra #encanterra #queencreek #azliving

My Trilogy Life Featured Events in Encanterra: Mid-September 2023 Lineup!

Get ready for an exciting array of events this mid-September with #MyTrilogyLife. From groovy dances to movie nights and chocolate delights, we’ve got a lineup that’s bound to make your month extraordinary. Whether you’re looking to relive the ’70s, celebrate family, enjoy music, or savor sweet treats, these events are designed to bring the #MyTrilogyLife in Encanterra community together in joy and camaraderie.

1) ’70s Disco Decade Dinner Dance

Channel your inner disco diva and join us for the #MyTrilogyLife ’70s Disco Dinner Dance on September 8th at 5:00pm in the Mallorca Events Center! Put on your dancing shoes and embrace the retro vibe with live music, tempting drinks, and an iconic TV dinner prepared by Chef Bryan and his talented team. Choose between Salisbury Steak or Tender Turkey with Gravy, and enjoy a night of nostalgia and fun. Tickets are $35 plus tax and gratuity – don’t miss out on this groovy experience!

Link to Event: ’70s Disco Decade Dinner Dance

2) Grandparents’ Day at Encanterra

Celebrate the timeless bond of family at the Grandparents’ Day Celebration on September 10th from 10:00am to 2:00pm at the Mallorca Events Center. It’s a day filled with carnival games, bounce houses, face painting, and delightful snow cones and popcorn. This event is our way of cherishing the precious moments with your grandkids, so bring them along and let’s create cherished memories together. Admission is complimentary – let’s make this day unforgettable!

Link to Event: Grandparents’ Day at Encanterra

3) Ronstadt Revival | Tribute Concert

On September 10th, join us for the #MyTrilogyLife Tribute Concert honoring the legendary Linda Ronstadt. Immerse yourself in the iconic hits that have transcended generations. The doors open at 6:15pm, and the music starts at 7:00pm on the Algarve Lawn. Tickets are $35 plus tax, offering an evening of musical enchantment that celebrates the power of music to connect hearts.

Link to Event: Ronstadt Revival Tribute Concert

4) Chocolate Demo | Chocolate Dipped Fruit

Indulge your taste buds at the #MyTrilogyLife Chocolate Demo on September 13th at 12:00pm in La Cocina. Learn the art of crafting delectable chocolate-dipped fruit and enjoy the mouthwatering samples. Tickets are $10 and include the demonstration, recipe card, and your chance to savor these divine treats. Join us in this culinary adventure!

Link to Event: Chocolate Demo Chocolate Dipped Fruit

5) Dive-In Movie | City Slickers

Join us on September 14th at 6:00pm at the Solaz Pool for #MyTrilogyLife’s Dive-In Movie experience featuring “City Slickers.” Relax in the water, enjoy complimentary popcorn, and order delicious food and drinks from Solaz while you watch. This hilarious movie follows a group of friends on a wild west adventure, and the doors open at 7:00pm. Tickets are $5 and include the movie and popcorn – get ready for a night of laughter and relaxation!

Link to Event: Dive-In Movie – City Slickers

#MyTrilogyLife invites you to revel in a month of incredible events that foster connection, joy, and unforgettable experiences. From dancing to disco tunes and creating family memories to enjoying music, chocolate, and movies, there’s something for everyone to cherish. Join us in celebrating the spirit of Trilogy community and make the most of these remarkable mid-September events! @SHEA PREFERRED REALTY GROUP

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