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Summer Real Estate Market 2021 | Phoenix

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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 oour 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.

Follow us on Instagram and Facebook to keep up to date on all that’s happening in real estate and North Central Phoenix!

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

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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

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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 !

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.

Market Update | October 2020

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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!
Copyright © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
IDX Solution Provided by iFoundAgent.com. ARMLS Listing Data Last Updated: October 22, 2021, 9:14 am
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