Buyer Resources Archives - Greater Phoenix Arizona Real Estate

Move to Encanterra at 37036 N Stoneware Dr!

37036 N STONEWARE DR, Queen Creek, AZ 85140

Welcome to this exceptional 3-bedroom, 2.5-bathroom home, perfectly situated on a premium lot with no neighbors behind, offering ultimate privacy and breathtaking views. This beautifully maintained home is move-in ready and comes fully furnished, making it an effortless choice for full-time living or a seasonal retreat. Designed for both comfort and convenience, the kitchen boasts upgraded appliances, ample storage, and elegant finishes, perfect for any home chef. The spacious great room and dining area flow seamlessly, creating an inviting space for entertaining. Step outside to a meticulously landscaped front yard with lush turf grass, enhancing curb appeal while ensuring easy maintenance. The golf cart garage provides extra storage, and the solar system adds incredible energy savings!

Move to Encanterra with this Stunning Property! 207 E Alcatara Ave

207 E ALCATARA AVE, Queen Creek, AZ 85140

Step into this beautifully designed 2-bedroom + den, 2-bath home, where thoughtful upgrades and stunning outdoor living spaces create the perfect blend of comfort and style. The den offers a versatile flex space, ideal for a home office, hobby room, or guest retreat. Both bathrooms showcase custom tile work, adding a touch of elegance to your daily routine. The expanded laundry room provides extra storage and functionality, while the 4-foot garage extension offers additional space for storage or a workshop. Outside, enjoy an entertainer’s dream backyard featuring a custom pergola, built-in BBQ, firepit, and expanded stone pavers—perfect for relaxing or hosting gatherings. This home is packed with upgrades and ready for you to enjoy!

For more information on this property, click HERE !

Message us, your trusted local Real Estate team at SHEA PREFERRED REALTY

Mortgage Rates Hit Lowest Point So Far This Year

If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in.

Mortgage rates have been declining for seven straight weeks now, according to data from Freddie Mac. And the average weekly rate is now at the lowest level so far this year (see graph below):

While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6’s can change your mindset when it comes to buying a home. Especially when the forecasts said we wouldn’t hit this number until roughly Q3 of this year (see graph below):

Why Are Rates Coming Down?

According to Joel Kan, VP and Deputy Chief Economist at the Mortgage Bankers Association (MBA), recent economic uncertainty is playing a role in pushing rates lower:

“Mortgage rates declined last week on souring consumer sentiment regarding the economy and increasing uncertainty over the impact of new tariffs levied on imported goods into the U.S. Those factors resulted in the largest weekly decline in the 30-year fixed rate since November 2024.”

And the timing of this recent decline is great because it gives you a little bit of relief going into the spring market. Just remember, mortgage rates can be a quickly moving target, so you should expect some volatility going forward. But the window you have as they’re coming down right now might be the sweet spot for your purchasing power now.

What Lower Rates Mean for Your Buying Power

Even small changes in rates can make a difference to your monthly payment. Here’s how the math shakes out. The chart below shows what a monthly payment (principal and interest) would look like on a $400K home loan if you purchased a house when rates were 7.04% back in mid-January (this year’s mortgage rate high), versus what it could look like if you buy a home now (see below):

In just a matter of weeks, the anticipated payment on a $400K loan has come down by over $100 per month. That’s a significant savings. When you’re making a decision as big as buying a home, every bit counts.

Just remember, shifts in the economy drove rates down faster than expected. But that can change, making rates volatile in the days and months ahead. So, if you’re waiting for rates to fall further before you buy, think hard about the current window of opportunity if you’re ready to act.

Mortgage rates have dipped, giving buyers a bit more immediate breathing room. If you’ve been waiting for rates to ease before jumping in, this could be your window.

Would a lower monthly payment make buying a home feel more doable for you? Let’s break down the numbers and find out.

Move to Encanterra! 1804 E Amaranth Trail, Queen Creek

Encanterra Home for Sale!

1804 E AMARANTH TRL, Queen Creek, AZ 85140

Situated on a spacious corner homesite you’ll love every detail of this Nice plan at Encanterra. Enjoy the sunrises off your back patio with a huge rolling wall of glass, gas fireplace and tons of privacy. Expanded stone pavers create a perfect outdoor retreat. Inside you’ll find a chef’s kitchen with built-in JennAir appliances, gas cook top, warming drawer and beverage center. Upgraded maple cabinets, sleek stone work and gorgeous granite tie it all together. Throughout the home you’ll find tile flooring and both bathrooms have tile showers and granite countertops. The oversized laundry room is ideal for a home office space. Tons of cabinets and laundry sink too. The PRE-PAID Solar lease gives you top of the line energy efficiency. Start living the good life today at Encanterra!

For more information about this property, click HERE!

Message us, your trusted on-site Encanterra Real Estate team!

SHEA PREFERRED REALTY GROUP

Exciting New Openings Coming to Queen Creek Crossing in 2025!

Queen Creek is about to get even more exciting! Several new businesses, including restaurants and retail stores, are set to open at Queen Creek Crossing in 2025, making this shopping center a must-visit destination for residents and visitors alike.

What’s Coming to Queen Creek Crossing?

Vestar, the retail real estate company behind Queen Creek Crossing, has announced that new restaurants, retail stores, and entertainment options will soon be available at this rapidly growing center. Located at the northwest corner of Ellsworth and Queen Creek roads, this 31-acre property features 300,000 square feet of retail space and is quickly becoming a hub for dining, shopping, and leisure in the East Valley.

Opening Dates and What to Expect

BJ’s Restaurant & Brewhouse – Opening March 24, 2025
Fans of deep-dish pizza, burgers, craft beer, and delicious cocktails can mark their calendars for March 24, when BJ’s officially opens its doors.
ONO Hawaiian BBQ – Opening May 2025
Bringing a taste of the islands to Queen Creek, ONO Hawaiian BBQ will serve Hawaiian-inspired dishes such as kalbi short ribs, kalua pork, spam musubi, chicken katsu, and more. While the exact opening date hasn’t been announced, it is expected to open in May.
The Habit Burger Grill – Opening Late 2025
Known for its chargrilled burgers like the portabella, teriyaki, and BBQ bacon burgers, The Habit Burger Grill is set to open later this year. Construction is already underway, and it will be a must-visit for burger lovers!
Hobby Lobby – Opening Soon
Queen Creek’s first Hobby Lobby is set to open soon, bringing a vast selection of arts, crafts, and home décor to the community.
Additional Retail & Entertainment
Queen Creek Crossing is now fully leased, with more stores and entertainment venues expected to be announced. This expansion will further enhance shopping options for local residents.

Why This is Big News for Queen Creek

According to Angie Kory, vice president of leasing at Vestar, these new additions will enhance the variety of shopping and dining options available, solidifying Queen Creek Crossing as a prime destination for family outings, friendly meet-ups, and everyday convenience. With Queen Creek’s rapid growth, these new businesses will provide much-needed variety and accessibility for the community.

Save the Date: Grand Opening of the Queen Creek Recreation & Aquatic Center!

In addition to these exciting openings, Queen Creek residents have another major event to look forward to! The Queen Creek Recreation & Aquatic Center is celebrating its grand opening, and you’re invited!

Date: Saturday, March 29, 2025
Ribbon Cutting: 7:30 a.m.
Grand Opening Festivities: 8 – 10 a.m.
Location: 22343 E. Ryan Rd.

Come enjoy tours, demonstrations, sports challenges, games, cookie decorating, and more! This is a fantastic opportunity to explore the new facility and enjoy a morning of fun with family and friends. For more information, visit www.QueenCreekAZ.gov/Recreation.

With new restaurants, retail stores, and entertainment options coming to Queen Creek Crossing, plus the highly anticipated opening of the Queen Creek Recreation & Aquatic Center, 2025 is shaping up to be an exciting year for the Queen Creek community. Stay tuned for more updates on opening dates and local events!

Are you excited about these new additions? Let us know in the comments!

SOURCES: Queen Creek Chamber of Commerce, Ktar News

Encanterra Home for Sale – 1488 E Sweet Citrus Dr

Nestled on one of Encanterra’s most stunning corner homesites, this remarkable Tarragona plan has it all! This home offers a versatile floor plan featuring owned 4KW solar, new AC installed in 2022 and soaring high ceilings, and two expansive sliding glass doors that seamlessly merge indoor living with the spectacular outdoor oasis. At its heart is a gourmet kitchen complete with dual islands and luxury amenities, designed to inspire culinary creativity. Ideal for entertaining, the private, fenced yard offer two inviting patios, a built-in cooking area, a cozy fireplace, a soothing water fountain—and a sparkling pool that provides a refreshing retreat for endless outdoor enjoyment. Book your tour today and start living the Good Life at Encanterra today!

For more information about this property, click HERE !

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Wake Up Wednesday: A Must-Attend Coffee Networking Event in Queen Creek

Are you ready to jumpstart your morning with great coffee and great company? Join the Encanterra Real Estate Team for “Wake Up Wednesday” on March 5th from 9:30 to 10:30 AM at Bodega Sip & Social. This event is the perfect way to connect with neighbors, discuss real estate trends, and enjoy a complimentary cup of coffee to get your day going.

Why Attend Wake Up Wednesday?

Free Coffee for the First 20 Guests – Be one of the first 20 attendees, and your coffee is on us.
Connect with Local Experts – Meet the Encanterra Real Estate Team, including Ben Leeson, Alina Suprak, and T.J. Kelley, who will be available to answer any questions about the local market.
Discover Market Insights – Whether you’re buying, selling, or simply staying informed, this is a great opportunity to learn more about Queen Creek’s real estate landscape.
Relax and Network – Enjoy a casual and welcoming environment where you can mingle with fellow residents and professionals.

Event Details:

Date: Tuesday, March 5, 2025
Time: 9:30 AM – 10:30 AM
Location: Bodega Sip & Social, Queen Creek, AZ
Hosted By: Encanterra Real Estate Team (Ben Leeson, Alina Suprak, and T.J. Kelley)

How to Make the Most of the Event

Arrive Early – With free coffee for the first 20 attendees, it pays to be prompt.
Bring Your Questions – Have real estate questions? This is the perfect time to ask the experts.
Network with the Community – Whether you’re a longtime resident or new to the area, this is a great opportunity to meet others in Queen Creek.

Wake Up Wednesday is a fantastic way to start your day, meet new people, and gain valuable insights into the local market. Don’t miss out on this morning of coffee and conversation. We look forward to seeing you there.

REAL ESTATE MARKET REPORT – FEBRUARY 2025

See the market report details in February from the year 2024 to 2025 in the slides below. All data is directly from the Arizona MLS.

As we navigate through these market dynamics, potential buyers and sellers are encouraged to stay informed. For expert guidance and support in your Encanterra real estate endeavors, contact us at SHEA PREFERRED REALTY GROUP. Stay tuned next month for further insights into the evolving Encanterra Real Estate Market.

How To Buy a Home Without Waiting for Lower Rates

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.

The good news? Even if they don’t drop substantially, there are still ways to make buying a home more affordable.

How Much Will Rates Drop?

A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.

While mortgage rates are still expected to decline some later this year, projections from Fannie Mae, the Mortgage Bankers Association (MBA), and Wells Fargo now show them stabilizing closer to 6.5% by the end of the year (see below):

That means if you’re holding off on buying a home in hopes of much lower mortgage rates, you may be waiting a while. And if you need to move because something in your life has changed, like a new job, a new baby, or a marriage – waiting that long may not be an option.

Creative Financing Options in Today’s Market

Since rates aren’t expected to decline as much as originally expected, it may be worth considering alternative financing options that could help you get into a home sooner rather than later. Here are three strategies to discuss with your lender to see if any of these make sense for you:

1. Mortgage Buydowns

A mortgage buydown allows you to pay an upfront fee to lower your mortgage rate for a set period of time. This can be especially helpful if you want or need a lower monthly payment early on. In fact, 27% of agents say first-time homebuyers are increasingly requesting buydowns from sellers in order to buy a home right now.

2. Adjustable-Rate Mortgages

Adjustable-rate mortgages (ARMs) typically start with a lower mortgage rate than a traditional 30-year fixed mortgage. This makes them an attractive option, especially if you expect rates to drop in the coming years or plan to refinance later.

And if you remember the housing crash, know that today’s ARMs aren’t like the risky ones back then. Lance Lambert, Co-Founder of ResiClub, helps drive this point home by saying:

“. . . ARM products today are different from many of the products issued in the mid-2000s. Before 2008, lenders often approved ARMs based on borrowers ability to pay the initial lower interest rates. And sometimes they didn’t even check that (remember Ninja loans). Today, adjustable-rate borrowers qualify based on their ability to cover a higher monthly payment, not just the initial lower payment.”

In simple terms, banks used to give loans without checking to see if buyers could afford them. Now, lenders verify income, assets, and jobs, reducing the risks associated with ARMs compared to the past.

3. Assumable Mortgages

An assumable mortgage allows you to take over the seller’s existing loan — including its lower mortgage rate. And with more than 11 million homes qualifying for this option according to U.S. News, it’s worth exploring if you want or need a better rate.

Bottom Line

Waiting for a big decline in mortgage rates may not be the best strategy. Instead, options like buydowns, ARMs, or assumable mortgages could make homeownership more affordable right now. Connect with a local lender to explore what works for you.

How does this impact your homebuying plans this year?

Discover Arizona’s Hidden Oasis: A Scenic Hike to the Hieroglyphic Trail Waterfall

Nestled within Arizona’s Superstition Wilderness, the Hieroglyphic Trail offers hikers a unique blend of natural beauty and historical intrigue. This accessible 2.8-mile round-trip hike is suitable for various skill levels, making it a perfect adventure for families and solo explorers alike.

Photo Source: https://familydestinationsguide.com/

Trail Overview

Starting near Gold Canyon, the trailhead provides ample parking and clear signage. The path begins with a gentle ascent through a desert landscape adorned with towering saguaro cacti and vibrant wildflowers, especially during spring. As you progress, the Superstition Mountains loom majestically, offering breathtaking vistas that encapsulate the rugged charm of Arizona’s wilderness.

Ancient Petroglyphs

Approximately 1.5 miles in, hikers encounter a remarkable collection of petroglyphs etched into the canyon walls. These ancient carvings, attributed to the Hohokam people who inhabited the region over 1,500 years ago, depict various symbols and figures, providing a fascinating glimpse into the area’s rich cultural history. It’s essential to admire these artifacts respectfully, ensuring their preservation for future generations.

The Hidden Waterfall

Beyond the petroglyphs lies the trail’s hidden gem: a serene waterfall cascading into a series of pools. The water flow varies seasonally, often peaking after rainfall, transforming the area into a refreshing oasis amidst the desert terrain. Hikers can relax by the pools, dip their feet, and enjoy the tranquil ambiance. However, caution is advised, as wet rocks can be slippery.

Tips for Hikers

Timing: To avoid the desert heat, embark on your hike early in the morning or late afternoon.
Preparation: Wear sturdy hiking shoes to navigate rocky sections safely. Bring ample water and snacks to stay hydrated and energized.
Leave No Trace: Preserve the trail’s natural beauty by packing out all trash and respecting wildlife.

The Hieroglyphic Trail seamlessly combines natural splendor with historical significance, offering an enriching experience that stands out among Arizona’s numerous hiking opportunities. Whether you’re a seasoned hiker or new to outdoor adventures, this trail promises a memorable journey into the heart of the Superstition Wilderness.

For more detailed information and trail maps, visit the AllTrails Hieroglyphic Trail page.

Source: https://familydestinationsguide.com