north central corridor

Name: The Caniglia Group
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Helping Another Client Find Their Perfect Home | Shelley Caniglia

March 24, 2022 by Steve Caniglia

We received a call from some longtime clients whose primary home is about an hour from Phoenix. They really wanted to buy a patio home in the North Central Phoenix Corridor to be closer to their children and grandchildren.

Because there wasn’t a specific deadline, it gave us the opportunity to really take our time, view different areas and find them a home that fit their exact needs. It was the right size, the right price and had all of their desired amenities. It even had a gate in the backyard that led to the community where their family lived.

It was truly meant to be and we couldn’t be more honored to have helped them with this meaningful purchase. If you’ve been thinking about buying but aren’t sure if you’ll be able to find “the one,” give us a call at 602-903-7220 or visit our website and let our team of award-winning agents guide you.

Sincerely,

Shelley Caniglia

North Central Phoenix First Quarter 2022 Market Update

February 17, 2022 by Steve Caniglia

Thanks for joining us again for a North Central Phoenix first quarter 2022 market update, everyone! We can’t believe that 2022 is flying by so quickly. The year is well underway and, so far, we’re still in a heavy seller’s market. So, what’s on the horizon? Let’s talk! We’ve got the scoop.

An Unprecedented Year

How about that unprecedented 2021? Even with extremely tight inventory in the last year, there was over 110,000 homes sold in the Valley, which is a whopping 5,000 more than in 2020. And we’re certainly still in the hot seller’s market that really took off in October of 2021. That’s why it’s no shock that 2022 started off with less home inventory than 2021 did. About 5%, in fact. However, demand has surprisingly not gone up – but instead begun to decrease a bit.

A Good Time to Buy

One thing we want buyers to keep in mind is that although the inventory is low, there really are homes available. The key is to hire a great, seasoned team that knows how to write you a clean offer. That’s because offers that will beat out the competition are key in this fast-paced market; and being prepared makes all the difference.

It’s also crucial to keep an eye on the fact that interest rates are creeping up and will likely be within the 4% range soon. Beyond that, we anticipate that values will continue to steadily increase throughout 2022.

Don’t Wait to Make Your Move

If you are able, now is the time to buy. In this market, waiting could cause you to potentially miss your opportunity to buy in this great market window. As we mentioned, interest rates are on the rise. This could allow for more inventory, but it can also decrease your buying power.

In fact, Erik himself is in the market for a ranch-style home in the North Central area. And during his journey, he’s encountered the same trials that many others have. For instance, a high market offer that he wishes he made!

The Bottom Line

While we feel like a broken record repeating ourselves about such a strong seller’s market, we cannot reiterate enough that it is an absolute great time to be a seller. But most importantly, in this market, we just have to remind both ourselves, and those looking to buy, to be patient. Even if the numbers level out, we have a while before we get back to what could be considered a “balanced” market. Please take just a few minutes to check out Steve and Erik’s market update video above to get more information about our North Central Phoenix first quarter 2022 market update. And if you’re thinking about buying, selling, or just want to know more about the market in your neighborhood, please feel free to contact us at 602-903-7220.

And don’t forget to follow us on Instagram and Facebook to keep up with all that’s happening in real estate and North Central Phoenix!

Summer Real Estate Market 2021 | Phoenix

August 5, 2021 by Steve Caniglia

Well folks, it’s been a hot one… not just our temps, but our Summer Real Estate Market! We took a little break from our market videos to concentrate on our clients and were also lucky enough to spend a few days away with our families in cooler climates.

A Market Correction

You may have heard about a summer real estate market correction happening. Although we’ve gained inventory – an 89% increase from March 2021 to July 2021 – it hasn’t had a negative effect for sellers at all. This increase was welcome and needed, and has given buyers more options, while keeping North Central Phoenix home prices and the occurrence of multiple offers about the same.

Our Housing Shortage

So, what brought on this housing shortage in the first place? It actually isn’t all California’s fault! According to a recent study by the National Association of Realtors called ‘Housing is Critical Infrastructure’, the US has underbuilt housing for the past 20 years. There are simply not enough new homes being built to impact the inventory shortages that were a long time coming. However, we do expect to see a continued but slow inventory rise throughout the remainder of 2021.

Phoenix Home Prices

Your next question may be about how the new inventory is affecting home prices. In North Central Phoenix, prices have jumped $50 per square foot over the past few months. All stats show pricing will continue to rise but at a much slower pace.

The Bottom Line

We’re in a healthy market, and don’t see that changing any time soon! Please take a few minutes to check out Steve and Erik’s market update video to get more information about our current Phoenix market. And if you’re thinking about buying, selling, or just want to know more about the market in your neighborhood, don’t hesitate to contact us at 602-903-7220.

Luxury Home For Sale in North Central Phoenix | 5706 N Central Ave

June 28, 2021 by Steve Caniglia

5706 N Central Ave | $ Bed | 4 Bath | Bed+ 5 | 4,561 Sq Ft | Guest House | Pool | Sport Court | 6 Car Garage | Camelback Mtn Views

Welcome to 5706 N Central Ave, a luxury home for sale in North Central Phoenix. This classic hacienda midcentury ranch estate sits on a jaw dropping 47,432 sq ft flood irrigated lot. Located in the highly sought-after Rancho Solano subdivision of the North Central Corridor, meticulous and extensive remodels were completed between 2016 through 2020, retaining all the character and charm of the period.

The Main House

The main home features three bedrooms, an office and three bathrooms with 3,546 sq ft. Some of the many high-end features throughout the main house include:

wood floors
crown molding
wainscoting
two gas fireplaces
bead board paneled walls
wood beamed ceilings
custom built-in entertainment center
surround sound throughout
several large picture windows off both the front and back of the home showcasing the beautiful grounds
vintage red brick fireplace in the family room with a copper mantle

The Main Kitchen

The chef’s kitchen sports a Thermador gas cooktop with copper vent hood, two dishwashers, Monogram stainless steel side-by-side refrigerator/freezer, Electrolux double ovens, warming drawer, breakfast bar and views of Camelback Mountain! A wet bar off the kitchen features both wine and beverage refrigerators.

The Guest House

The detached guest house in this luxury home for sale is hands down one of the most impressive in all of Central Phoenix! With one bedroom, one bathroom and 1,015 sq ft, it features stained concrete flooring, two sets of French doors with one leading to the pool/spa area and the other leading to a private North facing patio and yard. Additional features include granite countertops, gas cooktop, two dishwashers, breakfast bar,and a huge hobby/storage room. The bedroom with a built-in Murphy Bed and family room are separated with fully retractable sliding glass doors and a completely remodeled bathroom.

The Backyard & Additional Details

The resort style backyard includes a pool, spa, water feature, gas fire pit and approximately 2,000 sq ft of covered back patio with high pressure misting system. A Sport Court was added in 2020. The 1,600 sq ft 6 car garage has tons of storage and is cooled by a Mastercooler. A large, covered patio area across the front of the home displays the classic Hacienda ambiance and Camelback Mountain views to the West. This incredible piece of property will blow you away and will not last long!

For more information about this luxury home for sale in North Central Phoenix, call Steve Caniglia at 602-903-7220.

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

February 25, 2021 by Steve Caniglia

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 !

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

December 8, 2020 by Steve Caniglia

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.

Market Update | October 2020

October 21, 2020 by Steve Caniglia

It’s time for the October 2020 Market Update!

Have you been wondering what the real estate market is looking like in the North Central Corridor? Steve Caniglia and Erik Jensen recently sat down to talk about all things real estate, including trends they’ve seen so far this year and what the next quarter and beyond has in store for us. Check out the video to get the full scoop🏡

If you’re thinking about buying or selling a home, or just want to talk about the current market, give us a call at 602-903-7220 – we would love to help!

Helping Another Client Find Their Perfect Home | Shelley Caniglia