See the market report details in May from the year 2023 to 2024 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.
Encanterra stands out for its unparalleled amenities, vibrant social scene, breathtaking views, and prime location. With a 60,000-square-foot clubhouse offering everything from fitness facilities to dining options, residents enjoy a lifestyle of luxury and convenience. ✨
The community fosters connections through various clubs and classes, ensuring a rich social experience. Driving through the gates unveils stunning vistas, creating a sense of tranquility and belonging. Additionally, its proximity to Queen Creek Marketplace ensures easy access to shopping and dining delights, making Encanterra the epitome of modern living.
Ready to make Encanterra your home? Contact us today to learn more and start your journey to living the dream! @SHEA PREFERRED REALTY GROUP
Did you know?
Arizona has been ranked in the top 10 states for out-of-state buyers!
With its stunning landscapes, vibrant cities, and diverse communities, it’s no wonder people are flocking here from all over the country.
If you’re considering a move to the Grand Canyon State, now’s the perfect time!
Whether you’re looking for a new home or thinking about selling your current one to take advantage of the influx of buyers, we’ve got you covered.
Reach out to us today and let’s make your Arizona dream a reality! @SHEA PREFERRED REALTY GROUP
See the market report details in April from the year 2023 to 2024 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.
If you’re considering a move to an active adult community in Arizona, you’re in luck! The 2024 edition of Ranking Arizona has unveiled the top contenders, showcasing the best places for those 55 and better to live life to the fullest. Your favorite Encanterra places in the top 10! Let’s dive into the top 10 active adult communities that made the list and what sets them apart.
1. Splendido
Nestled in the serene landscape between the Santa Catalina and Tortolita Mountains in Oro Valley, Splendido offers a vibrant Life Plan Community for adults aged 55 and better. Residents can choose from spacious Terrace and Villa Homes, each designed for comfort and style. The community boasts an impressive array of amenities, including a state-of-the-art fitness center, rejuvenating spa facilities, indoor and outdoor swimming pools, multiple dining options catering to various tastes, a 24-hour concierge service for convenience, an 18-hole putting course for golf enthusiasts, and an art studio for creative expression. Additionally, Splendido provides onsite healthcare services, ensuring residents have access to medical care when needed, enhancing peace of mind and well-being.
2. Province
Province is an active adult community located in a picturesque setting, offering a blend of natural beauty and modern amenities. Residents can enjoy a resort-style lifestyle with amenities such as a clubhouse, fitness center, outdoor swimming pools, walking trails, and social clubs for connecting with neighbors and pursuing hobbies.
3. Johnson Ranch
Situated in San Tan Valley, Johnson Ranch is a master-planned community designed for active adults. The community features amenities like golf courses, recreation centers, swimming pools, tennis courts, and parks, providing ample opportunities for leisure and socializing.
4. Ironwood Crossing
Ironwood Crossing is a family-friendly community in Queen Creek that also caters to active adult residents. The community offers amenities such as community parks, pools, splash pads, sports courts, and walking trails, creating a vibrant and active environment for residents of all ages.
5. CantaMia by Taylor Morrison
Located in Goodyear, CantaMia is an active adult community within the larger master-planned community of Estrella. Residents of CantaMia can access amenities such as a clubhouse, fitness center, outdoor pools, walking paths, and social activities, fostering a sense of community and well-being.
6. Terravita
Terravita is an upscale active adult community in Scottsdale, known for its golf courses, clubhouse amenities, fitness center, tennis courts, swimming pools, and scenic desert views. Residents can enjoy a luxurious lifestyle with access to recreational and social activities.
7. Corte Bella
Corte Bella is an active adult community in Sun City West, offering amenities like a golf club, fitness center, swimming pools, tennis courts, and a clubhouse with dining options. The community provides a welcoming environment for residents looking to stay active and engaged.
8. Trilogy at Power Ranch
Trilogy at Power Ranch is an active adult community in Gilbert, featuring amenities such as a clubhouse, fitness center, swimming pools, golf course, tennis courts, and social clubs. Residents can enjoy a resort-style lifestyle with opportunities for recreation and socializing.
9. Del Webb at Dove Mountain
Located in Marana near Tucson, Del Webb at Dove Mountain is an active adult community with amenities like a clubhouse, fitness center, swimming pools, golf courses, walking trails, and social activities. The community offers a tranquil desert setting for residents to enjoy.
10. Encanterra
Encanterra is a luxury active adult community in San Tan Valley, known for its golf courses, clubhouse amenities, fitness center, swimming pools, tennis courts, and dining options. Residents can experience a high-end lifestyle with access to premium amenities and services.
Each of these communities offers a unique blend of amenities, housing options, and lifestyle features tailored to active adults, providing a range of choices for individuals seeking a vibrant and fulfilling retirement experience in Arizona.
Source: Az Big Media
As of April 16, 2024, the Encanterra Real Estate market continues to exhibit activity with 46 active listings for the first 2 weeks of April, accompanied by 11 new listings. This indicates a steady stream of properties available for potential buyers, contributing to a diverse and dynamic market.
Pending listings for the same period show 9 properties awaiting closure, with 12 successful closings. The average days on market in Encanterra for April 1-16, 2024, stands at 64 days. Looking at the average list and sale figures, the average list price for April 1-16, 2024 closings, is $876,533, with the average sold price at $848,958. This indicates a 97% sold-to-list price ratio.
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.
Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know. That phrase refers to the idea that a lot of baby boomers are going to move or downsize all at once. And the fear is that a sudden influx of homes for sale would have a big impact on housing. That’s because it would create a whole lot more competition for smaller homes and would throw off the balance of supply and demand, which ultimately would impact home prices.
But here’s the thing. There are a couple of faults in that logic. Let’s break them down and put your mind at ease.
For starters, plenty of baby boomers don’t plan on moving at all. A study from the AARP says more than half of adults aged 65 and older want to stay in their homes and not move as they age (see graph below):
While it’s true circumstances may change and some people who don’t plan to move (the red in the chart above) may realize they need to down the road, the vast majority are counting on aging in place.
As for those who stay put, they’ll likely modify their homes as their needs change over time. And when updating their existing home won’t work, some will buy a second home and keep their original one as an investment to fuel generational wealth for their loved ones. As an article from Inman explains:
“Many boomers have no desire to retire fully and take up less space . . . Many will modify their current home, and the wealthiest will opt to have multiple homes.”
While not all baby boomers are looking to sell their homes and move – the ones who do won’t all do it at the same time. Instead, it’ll happen slowly over many years. As Freddie Mac says:
“We forecast the ‘tsunami’ will be more like a tide, bringing a gradual exit of 9.2 million Boomers by 2035 . . .”
As Mark Fleming, Chief Economist at First American, says:
“Demographics are never a tsunami. The baby boomer generation is almost two decades of births. That means they’re going to take about two decades to work their way through.”
If you’re stressed about a Silver Tsunami shaking the housing market overnight, don’t be. Baby boomers will move slowly over a much longer period of time.
Exciting news! 
Encanterra has just been ranked as one of the top 10 active adult communities in the Phoenix area, coming in at number 10!
With its stunning amenities, beautiful homes, and vibrant community atmosphere, it’s no wonder why Encanterra is receiving such recognition.
If you’ve been considering a move to this exceptional community, now is the perfect time to reach out to us!
Don’t miss out on the opportunity to experience the luxury and lifestyle that Encanterra has to offer.
Contact us today to learn more and start your journey to your dream home in Encanterra.
See the market report details in March from the year 2023 to 2024 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.
March 26, 2024
Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet.
There are a lot of factors the Fed considered in their recent decision and most of them are complex. But you don’t need to be bogged down by those finer details. What you really want is the answer to this question: does that mean mortgage rates aren’t going to fall? Here’s what you need to know.
While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the Fed, says they still plan to make cuts this year, assuming inflation cools:
“We believe that our policy rate is likely at its peak for this tightening cycle and that, if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.”
When this happens, history shows mortgage rates will likely follow. That means hope isn’t lost. As a recent article from Business Insider explains:
“As inflation comes down and the Fed is able to start lowering rates, mortgage rates should go down, too. . .”
But you don’t necessarily want to wait for it to happen. Mortgage rates are notoriously hard to forecast. There are so many factors at play and any one of those can change the projections as the economy shifts. And it’s why the experts offer this advice. As Mark Fleming, Chief Economist at First American, says:
“Well, mortgage rate projections are just that, projections, not promises and don’t forget how hard it is to forecast them. . . So my advice is to never try to time the market . . . If one is financially prepared and buying a home aligns with your lifestyle goals, then it could be the right time to purchase. And there’s always the refinance option if mortgage rates are lower in the future.”
Basically, if you’re looking to move and trying to time the market, don’t. If you’re ready, willing, and able to move, it may still be worth it to do it now, especially if you can find the home you’ve been searching for.
If you’re looking to buy a home, let’s connect so you have someone keeping you up-to-date on mortgage rates and helping you make the best decision possible.
