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HOW’S THE ENCANTERRA REAL ESTATE MARKET? AUGUST 2023 REPORT

These insights will provide you with an understanding of Encanterra’s Real Estate landscape for August 1 2023 to date. The statistics are from the Arizona Multiple Listing Service (ARMLS).

The graphic is for August 1, 2023 to August 16, 2023. The next newsletter will have a more in depth look at the market year over year.

  • Active Listings

The current Encanterra market, has 21 active listings with 6 new this month.

  • Pending/Sold Listings

There have been 8 pending & sold listings for the same timeframe.

  • Average Days on Market

With an Average Days on Market of 74 days. It’s important to remember that individual properties may sway from this average, influenced by factors like price, location, and unique design center options. We occasionally see homes selling in 21 days and under.

  • Average List and Sales Figures

Average List price stands at $683,000,  but with golf lots and a wide range of plans and square footage to choose from, this number changes significantly based on these factors.  The Average Sales price $713,500. 

For a professional home buying or selling experience, enlist the expertise of Shea Preferred Realty Group. Our dedicated team possesses an intricate understanding of Encanterra’s market nuances, allowing us to provide insights that helps your decision-making. Whether you’re navigating as a buyer or a seller, reach out to us today for a personalized consultation. As your trusted Real Estate partner, let us guide you on the journey to achieve your Encanterra Real Estate goals and dreams.

#EncanterraRealEstateInsights #SheaPreferredRealtyGroup #MarketDynamics #BuyersAndSellersGuide #EncanterraRealEstateMarket #Encanterra #EncanterraCommunity #ArizonaRealEstate #NavigatingSuccess

REAL ESTATE MARKET REPORT – JULY 2023

The Encanterra real estate market has seen some notable shifts over the past year. While active listings have risen, indicating growing inventory for buyers, new listings have declined suggesting less seller activity lately. However, the number of sold listings has remained steady, pointing to consistent buyer demand in the area.

In July 2022 there were 8 properties sold in Encanterra, while in July 2023 this number increased to 10, a 25% increase. This uptick in sold listings shows strengthening buyer activity even with fewer new property listings coming on the market.

The average sales price in July 2022 was $617,613, compared to $650,000 in July 2023, representing a 5.2% increase. This continued price growth makes pricing strategy and negotiation important for both buyers and sellers.

The sale-to-list price ratio decreased from 99% in July 2022 to 95% in July 2023. This means sellers are getting slightly less than their asking price on average, signaling a shift towards a more buyer-friendly market.

Active listings did rise significantly from 23 in July 2022 to 35 in July 2023. While this expanding inventory grants buyers more options, the downward trends in new listings and sale-to-list ratios indicate sellers may need to adjust expectations.

Overall, Encanterra shows signs of still being a balanced market, with steady buyer interest and sufficient inventory. However, sellers should analyze competition and pricing carefully, as buyers may have more negotiation power. Stay tuned next month as we continue monitoring the market changes in Encanterra.

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

 

https://www.sheapreferred.com/wp-content/uploads/2023/08/July-Real-Estate-Market-Report-8.1.23-newsletter.mp4

Encanterra Business Event & Happy Hour – August 3, 2023

RSVP to: Info@ENCBrokers.com

Reasons Your Encanterra Home May Not Be Selling: Tips for Success

Reasons Your Encanterra Home May Not Be Selling: Tips for Success

Selling your home can be an exciting yet challenging process. As a seller, your primary goals are to secure the highest possible price, sell within a specific timeframe, and minimize any complications along the way. While the Encanterra housing market is generally favorable to sellers, it’s essential to recognize that the current Encanterra market suggests a buyer’s market in most cases. However, there are steps you can take to make your home stand out from the competition. Additionally, various factors can cause delays or even hinder the sale of a house.

If you’re facing difficulties selling your Encanterra home in today’s market, consider the following factors:

Limited Access – If You Can’t Show It, You Can’t Sell It
One of the most common mistakes sellers make is limiting the days and times when potential buyers can view their home. Regardless of market conditions, maximizing exposure is key to optimizing the sale of your house. Remember, limited access equates to limited exposure.

Consider that motivated buyers might come from outside your local area. Their travel schedules may not allow for flexible viewing options. Therefore, it’s crucial to make your home available for showings as much as possible.

Priced Too High – Price It To Sell, Not To Sit
Proper pricing is a critical factor that significantly impacts the sale of your home. Although it can be tempting to set a higher price to maximize profit, overpricing can deter potential buyers and lead to an extended time on the market.

According to a Senior Economist, sellers who competitively price and market their homes shouldn’t encounter difficulties finding buyers. Today’s buyers have access to tools and resources that allow them to compare homes in your area. If your home is priced unreasonably high compared to similar properties, it may drive potential buyers away. Pay attention to the feedback your agent receives during open houses and showings. Consistent feedback may indicate the need for a price reevaluation.

Not Freshened Up Before Listing – Make a Lasting Impression
The old saying “you never get a second chance to make a first impression” holds true when selling your home. Investing effort into your home’s exterior is as crucial as staging the interior. Enhancing your landscaping and curb appeal will make an impactful impression from the moment potential buyers arrive. As Investopedia suggests, curb-appeal projects may not add substantial monetary value, but they help sell your home faster.

Don’t stop at the front door—focus on the interior as well. By decluttering, removing personal items, and applying a fresh coat of paint or cleaning the floors, you create an inviting space that allows buyers to envision themselves living in the home.

For all these factors, rely on a real estate agent who specializes in Encanterra for expert advice tailored to your unique situation and the feedback you receive from potential buyers throughout the process.

Bottom Line
If your Encanterra home isn’t receiving the attention or selling within your desired timeframe, it’s wise to consult a trusted real estate agent who specializes for guidance. They can provide insights and recommend necessary adjustments to your approach. Connect with one of our Encanterra Professional agents today to benefit from their expertise and improve your chances of a successful sale.

For personalized advice and expert insights into selling your Encanterra home, contact our trusted real estate team of professionals today!

FIRST HALF OF 2023 ENCANTERRA RESALE UPDATE MARKET REPORT

Currently we have 28 active listings in the community. We do not count the builder’s designer homes as active resale. So far this year, 63 homes have been sold or are pending sale. A total of 8 closed did not require a single price reduction and sold in 17 days on avg. For the active listings 17 of the 28 have experienced a price reduction. We’ve also had 33 homes that cancelled or expired and 25 of the 33 reduced the asking price. For every 2 homes that sold this year, 1 did not based on 63 closed/pending and 33 cancelled/expired. The largest price reductions have been $103,000 for actives, $179,000 for closed/pending, and $300,000 for cancelled/expired. The number of homes on the market for more than 100 days is 39 and more than 200 days is 7. Although it’s a factor, price per Sq. Ft. is something we personally at Shea Preferred choose not use to establish market conditions. We have such a variety of series, floorplans, lots, and a design center where buyers will spend plus or minus 40% either way on options for the same exact plan.

One of the most confusing parts of real estate is the mixed signals the consumer gets from various sources. For example, all major title companies and lenders use a boilerplate copy and paste report that agents post non-stop. These are generic reports and have absolutely nothing to do with our Encanterra market. These reports include every builder, every series, communities and builders with great reputations and others not so great. The fact is, Encanterra is a different community and so many factors contribute to our market shifts.

The market has shifted a bit and in most cases a buyer’s market in Encanterra. Total number of sales from the same time 2022 is down 30%. What is selling? WOW factor is selling. In fact, we’ve seen recent sales where buyers have overpaid from actual value. If you have a great lot, open space, deep lot, no lot concerns at all, your home is newer, modern, well designed, and furniture looks like a model, your home will sell rather quickly and for a great price, but you must know what that price should be. If you’re from the Midwest a home that is 25 years old is considered new. An Arizona home that is 10 years old is considered old. Thanks to the property brothers and HGTV buyer’s expectations are off the charts. Although bright and white is not on everyone’s wish list, it’s super popular. If you ever get a chance, go towards Gilbert, and walk some models. The design features and floorplans are spectacular. Years ago, I always said spend $25,000 to make $50,000 more. In today’s market, it’s spend $25,000 to get it sold and not reduce $75,000 more.

Lastly, we encourage you to support the onsite Realtors who focus specifically on the Encanterra community. They possess the expertise and knowledge required to navigate this distinct market successfully.

For more detailed information and personalized guidance, feel free to reach out to our team of professionals. We are dedicated to helping you make informed decisions in the ever-changing real estate landscape of Encanterra.

Support our local experts and discover the possibilities that await you in Encanterra!

My Trilogy Life: Dive into Fun at the Memorial Day Pool Party at Solaz Resort!

 

Join us for an incredible Memorial Day Pool Party at Solaz Resort!

On Monday, May 29th, from 11:00 am to 2:00 pm, dive into a day of fun, food, and festivities at Solaz Pool. Enjoy complimentary entry and indulge in a delicious American-themed BBQ buffet. It’s the perfect way to celebrate the holiday with friends and family through My Trilogy Life!

 

 

Poolside Fun and Festive Vibes: Feel the excitement as our DJ sets the mood with poolside music. Relax, soak up the sun, and embrace the vibrant atmosphere while taking in the stunning views of Solaz Resort’s pool area.

Delicious BBQ Buffet: Satisfy your taste buds with our mouthwatering BBQ menu. From BBQ Ribs and Chicken to Baked Beans, Corn on the Cobb, Potato Salad, Watermelon, Grilled Vegetable Salad, and Corn Bread, we have all the flavors of a classic American feast.

Ticket Information and Registration: While the event is complimentary, you can enhance your experience with the optional BBQ Buffet for $25 plus tax and gratuity. Secure your spot and indulge in the tantalizing flavors by registering below.

Event Availability: The Pool Party is open to all Solaz Resort members and their guests. Whether you’re a regular or a first-time visitor, everyone is welcome to join the festivities.

Click here to buy tickets or make a reservation through #MyTrilogyLife. We can’t wait to welcome you to Solaz Pool for a fantastic day of celebration and fun!

My Trilogy Life Wine Week: Windmill Winery Drip Trip

Join us this Friday, May 19th for a delightful Day trip to Windmill Winery as part of My Trilogy Life – Wine Week! 

Indulge in traditional wine tasting and savor charcuterie snacks in the beautiful setting of Florence, Arizona. The day trip to Windmill Winery is open to members and their guests. Whether you’re a wine enthusiast or simply appreciate the ambiance of vineyards, this event is perfect for you! Don’t miss out on this opportunity to create lasting memories during Trilogy Wine Week.

The schedule for the day is as follows:

Departure from Encanterra at 11:30 am

Arrival at Windmill Winery in Florence at 12:00 pm

Departure from Windmill Winery at 3:00 pm

Return to Encanterra at 3:30 pm.

On the day trip, you’ll enjoy a 4-pour flight of exquisite wines and a delicious charcuterie snack box.

Tickets are priced at $84.98, inclusive of tax. Please note that this event is non-refundable once your account has been charged. Reserve your spot now at #MyTrilogyLife to be part of this amazing experience. Click to reserve: #MyTrilogyLife: Trilogy Wine Week

 

Source: #MyTrilogyLife: Trilogy Wine Week

 

Mother’s Day Brunch at La Casa

Calling all Encanterra Mothers and their families. Join us as we celebrate this special day for Mothers!

Reservations will be available from 10:00am-3:00pm in the La Casa Club House.

For more details and reservation click here! MyTrilogyLife: Mothers Day Brunch

Reminders:

When making reservation, clarify if you will be dining with other Members and how many are in your party. Palma Kitchen + Tap will be closed on Mother’s Day. Solaz and The Algarve will close at 5:00pm. Mother’s Day Brunch is non-refundable and you will be billed at the time of reservation. 

 

Encanterra Living App – Look no Further

Here’s a quick video on ENCANTERRA LIVING APP !

 

Are you or someone you know considering a move to the beautiful community of Encanterra? Look no further than the Encanterra Living app! This app provides the most updated and accurate listings of homes for sale in Encanterra, making your house hunting process a breeze.

As a gated community, Encanterra offers unparalleled security and peace of mind, while also providing a vibrant and active community club for its residents. Located in the East Valley, specifically in Queen Creek, Encanterra is surrounded by picturesque views and plenty of opportunities for outdoor activities.

With the Encanterra Living app, you can easily browse through listings, filter based on your preferences, and even save your favorite homes for future reference. And if you know someone else who is searching for a home in Encanterra, be sure to pass along this valuable resource.

Don’t miss out on the chance to make Encanterra your new home. Scan the QR code above to Download the Encanterra Living app and start your search for the perfect home in this incredible community.

Real Estate Market Report – MARCH 2023

The Encanterra community has seen some interesting changes in the real estate market over the past year. According to the latest data from the Arizona MLS, the number of active listings has increased substantially to 53, up from just 14 in March 2022. This may suggest a shift in the market, as more homeowners may be looking to sell their properties.

Despite the increase in active listings, the number of new listings in March 2023 remained steady at 14. Additionally, there were 5 pending listings, indicating a reasonable level of activity in the market. However, the number of sold listings has decreased to 9, down from 19 in March 2022. This may suggest that properties are taking longer to sell, or that buyers are becoming more selective.

The sale-to-list price ratio has also decreased, standing at 96.5% in March 2023, down from 101.4% for the same month in 2022. This suggests that buyers may have slightly more bargaining power than in the previous year, as sellers may be more willing to negotiate on their asking price.

If you are a homeowner in Encanterra and are interested in selling your property, it is important to work with an experienced Encanterra Specialist who can help you navigate the market and set an appropriate asking price. The increase in active listings may result in more competition, so it is important to price your property competitively.

If you are a prospective buyer, the increase in active listings may mean that you have more properties to choose from. However, the decrease in the sale-to-list price ratio suggests that buyers should still be prepared to make reasonable offers and be patient in the negotiation process.

Whether you are a buyer or seller, it is important to stay up-to-date on the latest trends and data in the real estate market. If you have any questions or concerns about the market in Encanterra or the broader Arizona real estate market, don’t hesitate to reach out for guidance.

See below for the detailed market update.

 

https://www.sheapreferred.com/wp-content/uploads/2023/04/March-Real-Estate-Market-Report-4.3.23-newsletter.mp4
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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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