Real Estate News Archives - Greater Phoenix Arizona Real Estate

ENCANTERRA REAL ESTATE MARKET: JULY 2025 UPDATE

As of July 16, 2025, the Encanterra real estate market is staying active with 63 homes listed for July 1 – 16, with 4 new listings. This means there’s a solid range of options for buyers, keeping things moving in the market. Right now, 4 properties are pending, and 4 have already sold.

Stay tuned for our upcoming newsletter, where we will delve into year-over-year market trends for a more comprehensive analysis. Whether buying or selling in Encanterra, contact us anytime at @Shea Preferred Realty Group for expert assistance.

Queen Creek Lowers Property Tax Rate Again: What It Means for Homeowners and Businesses

Source: East Valley Tribune – Queen Creek again lowers property tax rate

For the third year in a row, Queen Creek is reducing its primary property tax rate, continuing a trend that reflects the town’s commitment to fiscal responsibility and community value. The Town Council has approved a drop from $1.63 to $1.55 per $100 of assessed value, effective this year.

What Homeowners Need to Know

Thanks to a resolution passed in 2022, Queen Creek implemented a five-year property tax freeze, designed to reduce the rate annually as home values increase. While assessed values may rise, this policy ensures that homeowners see minimal changes to their annual property tax bills.

New tax rate: $1.55 per $100 assessed value
Average annual payment: Around $434 for a median-value home
Projected five-year savings: Estimated at $557 for the average homeowner

This tax strategy helps stabilize costs for homeowners while keeping the town’s services well-funded through new growth.

Property Tax Rate Timeline

Here’s a brief overview of how the property tax rate has changed in recent years:

2020: Reduced from $1.95 to $1.83
2022: Further reduced to $1.63
2025: Now lowered to $1.55

The original maximum tax rate, approved by voters in 2007, was not to exceed $1.95 per $100 of assessed value, and the town has remained well below that cap since 2020.

How the Town Funds Services

Queen Creek’s primary property tax goes directly toward funding public safety, including police and fire services. The town supplements these services using its General Fund, which helps maintain quality and responsiveness without overburdening residents with higher taxes.

Importantly, overall property tax revenues increase only through new homes and business developments, meaning current property owners aren’t shouldering the burden of

growth.

Why This Matters

As many cities raise taxes to keep pace with inflation, Queen Creek is demonstrating a unique approach — maintaining strong community services while lowering the financial burden on its residents. With steady growth and thoughtful fiscal planning, it continues to be an attractive place to live, invest, and do business in Arizona.

Looking to move to Queen Creek or invest in property?
Let us help you find the perfect home in this fast-growing, well-managed community.

June 2, 2025 Newsletter

Encanterra Home Under Contract in Just 3 Days!

Under Contract
841 E Farmers Ln, Queen Creek, AZ 85140
Offered at $659,000

This beautiful Encanterra home is officially under contract. Built in 2019 and loaded with upgrades, this home features nearly 2,000 sq. ft. of thoughtfully designed living space, a premium lot with no backyard neighbors, and a rare double rolling wall of glass for seamless indoor-outdoor living.

With elegant tile flooring throughout, upgraded window treatments, and a backyard designed for entertaining, it’s no surprise this home didn’t last long. Just steps away from the Algarve pool, restaurant, and all the best amenities Encanterra has to offer.

Congratulations to our clients on the next chapter.

Listed by #SheaPreferredRealty

#UnderContract #EncanterraLiving #QueenCreekHomes #TrilogyLife #RealEstateNews #ArizonaRealEstate

ENCANTERRA REAL ESTATE MARKET: MAY 2025 UPDATE

As of May 14, 2025, the Encanterra real estate market is staying active with 76 homes listed for May 1 – 14, with 7 new listings. This means there’s a solid range of options for buyers, keeping things moving in the market. Right now, 8 properties are pending, and 5 have already sold.

A Recession Doesn’t Mean A Housing Crisis

There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us. While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and mortgage rates tend to fall. If you have questions about buying or selling a home in today’s market, let’s have a conversation.

REAL ESTATE MARKET REPORT – MARCH 2025

See the market report details in March 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.

Is It Time To Put Your House Back on the Market?

If you took your house off the market in late 2024, you’re not the only one. Newsweek reports that data from CoreLogic and the Wall Street Journal (WSJ) says nearly 73,000 homes were pulled from the market in December alone – that’s more than any other December going all the way back to 2017 (see graph below):

Whether it was because offers weren’t coming in, the timing around the holidays felt overwhelming, or they wanted to see if the market would improve in the new year – a lot of other homeowners decided to press pause, too.

But now, with spring fast approaching, it’s time to reassess. The market is already picking up, and waiting any longer to jump back in may only mean you’d face more competition from other sellers down the road.

Why Now Could Be the Right Time

Selma Hepp, Chief Economist at CoreLogic, explains that some of those sellers may have pulled their listings late last year with the goal of trying again this spring:

“Another reason for a step back could be that sellers wanted to wait and see how spring home buying season goes, and if mortgage rates fall, which would bring more home buyers and competition back in the market.”

That’s because spring is when buyer demand is typically at its highest point for the year. More people start their home search once the weather warms up. They’re eager to close on a home so they can move in during the summer. So, it’s a great window for sellers. It means more buyers.

And while mortgage rates haven’t fallen dramatically, they have come down some in recent weeks. Early signs already show buyers are becoming more active as a result. Since January, demand has picked up – and that should continue as spring draws even closer.

What To Do Differently This Time

Start by checking the status of your listing agreement. Because even if you pulled your listing, you may still be under contract. And until your listing expires, your agent or brokerage is your best resource on what else you could try to get it sold. Realtor.com offers this advice:

“If you aren’t sure of the status of your listing, whether active, expired, or withdrawn, take a look at your listing agreement and talk to your real estate agent.”

If your contract is still active, now’s the perfect time to reconnect with your agent to explore strategies to get your home sold this time around. If your contract has expired and you’re considering other options, reach out to a trusted real estate professional who can help you figure out where to go from here.

Either way, take some time to reflect on your last experience. What held you back from getting it sold before? And what can you do to improve your chances this time around?

Be sure to include your agent in this thought process. They’ll give you an objective point of view and some advice based on what may have gone wrong last time, like:

Your Pricing Strategy: Did buyers overlook your house because it was priced too high? Your real estate agent can help you analyze the latest sales in your area to make sure you’re hitting the right number. Believe it or not, you could actually be leaving money on the table by not pricing competitively. When it’s priced appropriately for the market, your opportunities for multiple offers and buyer competition increase.
Your Marketing Approach: Was your home staged to look its best? Did you use a skilled photographer for your listing photos? Small tweaks can make a big difference in how buyers see your house. Something as simple as taking new photos now that it’s spring can help your house show better than it did in the winter listing.
Offering Concessions: Were you willing to offer incentives to buyers? As the supply of homes for sale grows, more sellers are entertaining the idea of concessions or incentives to get the deal done. If you weren’t open to those conversations, that may have been a factor, too.
Showings and Flexibility: Did you have limits on when buyers could see the home? If your house is accessible and available, you’ll likely get more offers.

Bottom Line

If your house didn’t sell last year, spring may be your second chance. With buyer activity rising, it’s the perfect time to talk to an agent about coming back into the market with a fresh strategy.

What do you want to do differently this time around? Talk to your agent to go over your options and make a plan.

ENCANTERRA REAL ESTATE MARKET: MARCH 2025 UPDATE

As of March 12, 2025, the Encanterra real estate market is staying active with 87 homes listed for March 1-12, with 6 new listings. This means there’s a solid range of options for buyers, keeping things moving in the market. Right now, 7 properties are pending, and 2 have already sold.

Do You Know What Your House Is Really Worth?

Over the past 5 years, home prices have risen dramatically. If you own a home, that means your house may be worth a lot more than you think. Nationally, prices are up nearly 60% since 2019. And, if selling has been on your mind, you can use that bigger-than-expected return to power your next move. Do you want to know how much your home is worth in today’s market? Let’s connect. The number may surprise you.