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Phoenix Real Estate Market Update | April 2021

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Are we experiencing another real estate bubble?

In regards to the Phoenix Real Estate Market, the big question on everyone’s mind is…. Are we experiencing a real estate bubble similar to what happened in 2005 – 2007? Based on what we’re experiencing in our current market, our answer is no.

Lending Practices | Then vs. Now

In our last real estate bubble, to say lending practices were loose would be an understatement. At that time adjustable rate mortgages, 100% financing, and non qualifying loans were common. Now we have large down payments, substantial equity in homes, tougher lending guidelines, and appraisers who answer to underwriters instead of mortgage companies.

In addition to all of that, we’re seeing 30 year fixed mortgages as the norm in the Phoenix real estate market, with more buyers paying cash – even in the $2 million price range!

The Bottom Line

While we’re not able to predict the future, based on current market stats and all of the above, we see real estate in Phoenix staying healthy for a long time.

Want to learn more? Check out Steve and Erik’s market update video!

 

About US

Steve Caniglia grew up in the real estate industry, and has been a licensed real estate agent in Arizona for 17 years. He loves real estate not only because of the relationships he has established, but because every day brings something new. Additionally, Steve loves the unpredictability that helps keep him on his toes. Per Steve, “I literally learn something new every day and know that is one of the big value adds that I bring to my clients – seventeen years of knowledge and a team of seasoned agents with a vast array of know how and expertise”. His goal with every client is to have them as clients for life, not just one or two transactions. You can contact Steve at 602-301-2402 or steve@thecanigliagroup.com
Erik Jensen is a licensed Arizona real estate agent, and has been helping first-time, experienced, and luxury buyers find their perfect home for the last 15 years. Erik has knowledge that extends past the housing market. This knowledge includes home building, marketing, and lending/finance. He’s able to help educate clients on the structural quality of a home, point out any possible repairs or maintenance they may not be aware of, and even refer them to appropriate resources after the purchase. On the listing side, he’ll do whatever it takes to show a house in its best light, from professional photography and marketing to personally tidying up a house before a showing. Erik provides guidance and direction during every step of a transaction, always with the client’s best interest in mind. You can contact Erik at 602-717-0017 or erik@thecanigliagroup.com.
Be sure to keep up on our real estate updates and news by following us on Facebook and Instagram !

Adventures in Real Estate | My Journey to Becoming a Realtor

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real estate journet steve caniglia
Steve Caniglia at The Caniglia Group

My real estate journey may be a little different than you might have imagined. For those of you who know my Mom, Shelley Caniglia (a.k.a. the Grand Dame of North Central Phoenix real estate), you probably assumed that following in her footsteps was a given for me. Well, it didn’t exactly happen that way. My brothers and I were raised as adventurous and independent thinkers, and my earliest career musings were about becoming a dentist like my Dad or a veterinarian due to my love of animals. Initially, I chose a completely different path – my adventures in real estate came much later.

How It All Began

After college, my wife and high-school sweetheart, Carly, and I made the move to San Diego, then Austin. We loved living in Austin, but I knew the industry I was in at the time wasn’t something I wanted long term. Then one day back in 2004, I got the call from my Mom that changed everything. As most of you know, Shelley has been a realtor since 1983 and is the founding member of The Caniglia Group. While chatting, I mentioned that I was looking for new opportunities. Many of you will remember that the 2004 Phoenix real estate market was just starting to explode. Shelley explained that her team was ready to expand and encouraged me to make the move from Austin to join her in the real estate business. Carly and I hadn’t thought about moving before that call, but after many discussions we realized it was too good of an opportunity to pass up. And just like that, my adventures in real estate began!

The Next Step

I had found a great career, now it was time to find a great home. Carly and I both grew up in 1950’s ranch-style homes and loved the green, flood irrigated neighborhoods throughout Central Phoenix. In addition, we were drawn to the charm of historic homes. We initially bought in the Biltmore area, but then discovered Windsor Square – it was love at first sight. With the curved streets, mature landscape, varied architecture, and family-friendly community, Carly and I couldn’t imagine a better place to raise our two young boys, Leo and Bodie. We’ve been loving life in Windsor Square since 2012.

A Bump in the Road

As with everyone else, the last year created some unique challenges and opportunities for me both personally and professionally. When COVID hit, I was bracing for a difficult year in real estate and immediately started thinking of ways we could adjust our business plan. We’d just expanded our group by hiring two amazing people – transaction coordinator Gwen Arroyo and showing agent Samantha Chiles – and were gearing up for a great year. While things did slow down initially, by May the shock of what was happening seemed to wear off a bit and our business managed to pick right back up where we left off. Our team listened to our clients’ needs, got creative, and figured out ways to safely continue our real estate business. And with the influx of out of state buyers and historically low interest rates, 2020 ended up being one of the strongest years in real estate the Valley has seen.

My Adventures in Real Estate Continue

It’s been 17 years since our Austin move and I couldn’t fathom being in any other industry than real estate. I love that every day brings something new, and that unpredictability keeps me on my toes! I also love the mobile nature of this business, and the ability to experience the varied architecture and intricacies of different parts of the Valley. However, what I cherish most about real estate is the relationships with my clients. My goal is to have every one of my clients for life, not just one or two transactions. I often get to know my clients’ kids, their parents, their pets and their friends, and those personal connections are invaluable to me.

As a partner of The Caniglia Group, I’m proud to bring my years of hard-earned knowledge and a team of seasoned agents with a vast array of expertise to each of my transactions. After the countless Zoom meetings, virtual school for our boys, and wondering when we’d be able to safely spend time with loved ones again, I certainly wouldn’t have predicted what an amazing year it turned out to be. With that being said, I’m grateful for everything I learned, for my family, for my clients that continue this journey with me, and for my fabulous team.

Cheers to you and your family and thank you for being part of our lives.

Steve Caniglia

Do you have real estate questions? I’m happy to help! Contact me at 602-301-2402 or steve@thecanigliagroup.com

Be sure to keep up on our real estate updates and news by following us on Facebook and Instagram !

 

 

North Central Market Update | February 2021

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North Central Phoenix Real Estate Market Update for February 2021 ⠀⠀⠀⠀⠀⠀⠀⠀

It’s time for our North Central Market Update video! With just two months of 2021 under our belts, the Phoenix real estate market is continuing it’s hot streak. Moreover, with a strong sellers market and lack of inventory, we realize many are concerned about not being able to find a new home once they’ve sold.

What if you can’t find a house?

Never fear…. we have a plan! We have a large database and established connections since 1983. Additionally, we have the power of N&CO behind us! These are the tools needed to not only sell your home, but more importantly to sell it based on your needs and schedule. These powerful tools will also help us find your next home. ⠀⠀⠀⠀⠀⠀⠀⠀

Check out our short video! If you’re thinking about buying or selling a home, or would like to know more about the current Phoenix market, give us a call at 602-903-7220 – we would love to help!⠀

About US

Steve Caniglia grew up in the real estate industry, and has been a licensed real estate agent in Arizona for 17 years. He loves real estate not only because of the relationships he has established, but because every day brings something new. Additionally, Steve loves the unpredictability that helps keep him on his toes. Per Steve, “I literally learn something new every day and know that is one of the big value adds that I bring to my clients – seventeen years of knowledge and a team of seasoned agents with a vast array of know how and expertise”. His goal with every client is to have them as clients for life, not just one or two transactions. You can contact Steve at 602-301-2402 or steve@thecanigliagroup.com
Erik Jensen is a licensed Arizona real estate agent, and has been helping first-time, experienced, and luxury buyers find their perfect home for the last 15 years. Erik has knowledge that extends past the housing market. This knowledge includes home building, marketing, and lending/finance. He’s able to help educate clients on the structural quality of a home, point out any possible repairs or maintenance they may not be aware of, and even refer them to appropriate resources after the purchase. On the listing side, he’ll do whatever it takes to show a house in its best light, from professional photography and marketing to personally tidying up a house before a showing. Erik provides guidance and direction during every step of a transaction, always with the client’s best interest in mind. You can contact Erik at 602-717-0017 or erik@thecanigliagroup.com.
Be sure to keep up on our real estate updates and news by following us on Facebook and Instagram !

Real Estate Success Story | North Central Phoenix

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real estate success story

Through all of the market’s ups and downs, there is always a real estate  success story.

It started with a referral

Earlier this year, the photographer that I depend on to show my listings in their best light was preparing to work his magic. While at one of my listings, my photographer met Eva, a neighbor who mentioned that she was thinking about selling her home. Having worked with me for some time, he passed along the referral.

 

My new client

Following the successful closing of my listing, I knocked on Eva’s door. She was absolutely wonderful and shared the story of her home with me. The house was originally owned by her parents, who ultimately passed it along to her. Although Eva loved the home and her beautiful garden, being near her daughter and family in Tucson were now her priority. Eva wanted to sell.

 

Selling ‘AS IS’

As with many homeowners that have been in their home for a long period of time – and especially for those who are deeply rooted in their family home – it can be overwhelming. To simplify things, Eva wanted to sell in ‘AS IS’ condition but wasn’t sure if it was possible. I told her it would be possible, but we would need to price the home correctly. And of course, I assured Eva that I would do all I could to get her the highest price possible. Eva and I agreed on a price and I started to market the home in ‘Coming Soon’ status.

A happy ending

We had strong demand almost immediately and received multiple offers! I’m happy to report we sold the home for $25,000 over the asking price, and Eva didn’t have to make any repairs. It was a tremendous win for her, and Eva is now enjoying her new home in Tucson.

It was a double success story!

I feel like there are actually two parts to this success story.  First, referrals truly are the highest compliment a Realtor can receive, and my photographer knows that myself and my team always go above and beyond for our clients. And I know he always does the same, so I send photography referrals to him also. Second, we were able to achieve Eva’s real estate goals by selling her home quickly and above asking price. Eva was a wonderful client and I’m so pleased that everything worked out well for her!

 

Are you ready for your real estate success story? Whether you’re thinking about buying, selling, or just want to know more about the real estate market in your neighborhood, I’m always available to help. Call me anytime at 602-717-0017.

Be sure to keep up on all of our real estate updates and news by following us on Facebook and Instagram !

 

Wishing you health and happiness in 2021.

Erik Jensen

 

Phoenix Real Estate Market Update | January 2021

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We’re pleased to share our Phoenix Real Estate Market Update for January 2021 from Steve Caniglia and Erik Jensen!

With residential real estate listings down 42% in the Valley, and prices increasing at a steady rate, it may seem like sellers are the only ones to gain from this market. That’s not the case at all. When working with a seasoned real estate team that fully understands the intricacies of our current Phoenix real estate climate, buyers can do just as well.

We hope you find our Phoenix Real Estate Market Update video helpful. If you’re thinking about buying or selling a Phoenix home, or if you have any questions about the real estate market in your neighborhood, email or give us a call at 602-903-7220 – we would love to help!

And be sure to keep up on all of our real estate updates and news by following us on Facebook and Instagram !

 

 

 

Beautiful Scottsdale Home for Sale | 5449 E Kings Ave, Scottsdale, AZ 85254

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3 Bed┃2 Bath┃1,980 Sq Ft┃Pool | RV Gate

Welcome to this beautiful home for sale at 5449 E Kings Ave, Scottsdale, AZ 85254!

This meticulously maintained property located in the coveted 85254 zip code will impress even the pickiest of buyers. Enter into the private front courtyard that wraps around to the jaw dropping backyard. Once inside this beautiful Scottsdale home for sale at 5449 E Kings Ave, Scottsdale, AZ 85254, you are greeted with vaulted ceilings, plantation shutters throughout, two fireplaces, dual pane windows and doors, upgraded baths and kitchen! Enjoy separate formal living and family rooms with the kitchen open to the family room at 5449 E Kings Ave, and an ideal split floor plan, providing a true master retreat.

The master suite at this beautiful Scottsdale home for sale includes sliding doors leading out to the resort style backyard, vaulted ceilings, walk-in closet, an oversized custom tiled walk-in shower, double sinks, upgraded cabinets, counters, faucets, lights and barn door.

The resort style backyard at this beautiful Scottsdale home for sale at 5449 E Kings Ave, Scottsdale, AZ 85254 features a pebble finish pool and spa, professional landscaping, large tiled covered and uncovered patio areas, outdoor ceiling fans, posts for shade sails for added shade in the summer or party lights, large side yard with RV gate and storage shed. All of this in an incredible 85254 neighborhood that is down the street from Horizon Park, fantastic schools, Desert Ridge, Kierland, great freeway access, shopping, dining and much more! This one is a must see!

For more information about this beautiful Scottsdale home for sale at 5449 E Kings Ave, Scottsdale, AZ 85254, call Steve Caniglia at 602-903-7220.

North Central Phoenix Home for Sale | 7610 N 14th Ave, Phoenix, AZ 85021

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7610 N 14th Ave ┃5 Beds ┃4 Baths ┃Beds+ 6 ┃3,952 Sq Ft ┃14,558 Sq Ft Lot

This gorgeous, 100% block construction, classic ranch style home was taken down to the studs and completely rebuilt with every detail in mind. Some of the many high end features in this North Central Phoenix Home for Sale at 7610 N 14th Ave, Phoenix, AZ 85021 include vaulted ceilings, a stunning gas fireplace, crown molding, dual pane windows and doors, wood and tile floors, wood plantation shutters throughout, underground power lines and dual tankless hot water heaters. There are five true bedrooms with one bedroom split from the others with it’s own bathroom and large walk-in closet. The huge master suite features a sitting area, large walk-in closet, double sinks, separate walk-in shower and tub and french doors leading out to the impressive backyard.

The spectacular kitchen at 7610 N 14th Ave, Phoenix, AZ 85021 showcases granite countertops, custom cabinetry, stainless steel appliances including a Wolf dual fuel range with griddle and gas cooktop, double ovens and dishwashers, pot filler, island with prep sink and breakfast bar.

The expansive backyard at this North Central Phoenix Home for Sale includes two covered patios, garden and sport court areas, tons of grass for play and entertaining, and plenty of room for a pool. Located on a prime street in the heart of the highly sought after Westwind Estates subdivision of North Central Phoenix, this home is just a close bike ride to the Murphy Bridle Path, Uptown Farmers Market, Butler Park and much, much more!

For more information about this North Central Phoenix Home for Sale at 7610 N 14th Ave, Phoenix, AZ 85021 call Shelley Caniglia at 602-292-6862 or Steve Caniglia at 602-301-2402.

Luxury North Central Phoenix Home for Sale | 307 W Lamar Rd, Phoenix, AZ 85013

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307 W Lamar Rd ┃4 Beds ┃5.5 baths ┃Beds+ 6┃5,667 Sq Ft┃28,575 Sq Ft Lot

This exquisite Medallion Homes custom built Luxury North Central Phoenix Home for Sale at 307 W. Lamar Rd, Phoenix, AZ 85013 is located in the back of a quiet cul-de-sac in the heart of the coveted North Central Corridor. Built in 2006 for the builders themselves, this home was built to last with every designer detail in mind. Find towering ten to thirteen foot coved ceilings and fresh interior paint throughout this home at 307 W. Lamar Rd, with cherry wood flooring in all common areas.

The jaw dropping gourmet eat-in kitchen in the luxury North Central Phoenix home for sale has a huge island, breakfast bar, walk-in pantry, butler’s pantry, high end stainless steel appliances, beveled edge granite countertops, elegant white custom cabinetry, breakfast nook, two dishwashers, a new tile backsplash, water treatment system and chiller/hotshot faucet.

This luxury home for sale at 307 W. Lamar Rd, Phoenix, AZ 85013 has four bedrooms, all with their own bathrooms and walk-in closets, an office, PLUS a pool/game room with a 1/2 bath!

The grand, 20’x20′ master suite includes two large walk-in closets, new carpet, steam shower, jetted tub and access to the backyard. The impressive 28,575 sq ft lot at this Luxury North Central Phoenix Home for Sale is an entertainer’s dream, showcasing over 1,800 sq ft of covered patio space with surround sound speakers, built-in bbq, fountain, spool with jets, mature trees and plants with drip system, tons of grass and room for a sport court, batting cage, etc.

You’ll find plenty of space to park with a four car garage with automatic gate that is accessed from Central Avenue, along with ample space for guest parking. A biking/walking path to Madison Meadows and All Saints runs right by this property at 307 W. Lamar Rd, Phoenix, AZ 85013 is also close to Brophy, Xavier, and Sunnyslope High School and the Murphy Bridle Path. An opportunity like this rarely comes up in North Central and it will not last long!

For more information about this Luxury North Central Phoenix Home for Sale at 307 W. Lamar Rd, Phoenix, AZ 85013, please call Steve Caniglia at 602-301-2402.

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IDX Solution Provided by iFoundAgent.com. ARMLS Listing Data Last Updated: June 24, 2021, 12:47 am
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