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A Letter from the Heart | Samantha Chiles’s Personal Real Estate Journey

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Hello Family & Friends!

I feel like I was just announcing to you our first home purchase in Tempe! Well, SURPRISE: it’s been a year and we decided to buy another house and make our first home a rental property! Gavin and I have always wanted to own investment properties and figured we should get a head start while we’re young; and especially before we can’t afford to buy in Phoenix anymore!

We’ve now purchased homes in two completely different markets in a matter of a year. When we purchased our first home in Tempe, in April of 2021 – interest rates were in the low 3’s. There wasn’t much inventory and we had to compete with multiple offers, pay well over asking price, waive the Appraisal Contingency, we weren’t allowed to ask for repairs after the inspection period, and we allowed the seller to live in the home for 45 days after closing FOR FREE. When we purchased our new home in Phoenix in May of this year, we only competed with 1 additional offer, offered the asking price, didn’t waive the Appraisal Contingency, AND were able to negotiate repairs. However, we have an interest rate in the high 5’s on our new home.

Here’s the thing, rates feel high right now because we were lucky to have them in the high 2’s and low 3’s for such an extended amount of time.

This obviously allowed buyers to have more “buying power” when looking for homes, but this also came with the price of high competition and seller’s being in charge due to lack of inventory. Whereas what we’re seeing now in the market is lower competition and buyers gaining back more negotiating power with their offers.

There’s never a “perfect” market to buy in, it just has to be what’s right for you and your personal situation. From what we’ve experienced in the past few years, you can either compete in a market with low interest rates but high demand and competition, or in a market with higher rates and lower demand and competition. AND ALWAYS REMEMBER, you can refinance to a lower rate once they come down – I can tell you right now that’s 100% what our plan is.

I’m always happy to discuss our situation and why we chose to purchase not one but TWO homes in markets that some people have been more cautious about.

XOXO Samantha

Do you have real estate questions? I am happy to help! Contact us today at 602-903-7220.​​​​​​​​

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

North Central Phoenix Second Quarter 2022 Market Update

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What’s the most recent market update? Here at The Caniglia Group, we’ve got the scoop on the housing market that you have been waiting for.

There has been a lot of talk about the real estate market over the last couple of years. The unprecedented increase in prices and demand has quickly come to an end. More inventory is hitting the market daily, while the rise in interest rates is slowing buyer demand. There is good news in all of this:

1. Prices have remained steady so far. Yes, there are price adjustments being made, however homes that are closing are showing similar purchase prices as the homes that have closed over the last few months. The price adjustments that you are seeing are on homes that came on the market above the market rate. Homes that are priced well, in good / great condition and well located are still selling quickly.

2. Buyers have more options. Sure, interest rates are higher, so buying power might be a little less, but now buyers have choices and they are able to do full inspections and not have to sign away all of their contingencies.

At the current rate of change, it is anticipated that we will be in a more balanced market by September.

For more information and extended details on trends we’re seeing in the market, please have a look at the video, visit our website, or give us a call at 602-903-7220. One of our experienced, dedicated agents will be happy to assist you!

A Letter from the Heart | Matt Gurule’s Journey to The Caniglia Group

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I’ve wanted to be an entrepreneur ever since I learned that there are clothing brands that make T-shirts for $4 and sell them for $80. I began to realize that it might be difficult working for yourself, but it can also be very rewarding – and offers unlimited potential.

After working in various positions: handy man, flipping cars, making T-shirts, and several other ventures, I began to learn more about real estate while attending college at Grand Canyon University. I was fortunate enough to meet some very successful entrepreneurs during this time and it seemed like the majority of them were involved in real estate in one way or another. My curiosity grew, and I decided to take the leap into real estate.

I fully immersed myself into studying for the exam. I binge-watched YouTube videos on how to get started in real estate in my down time, and within a month, passed both Arizona real estate exams, became fully licensed, and started looking for a place to go.

As an active, adventurous kid that grew up in the heart of North Central Phoenix, I would always see the name Caniglia on “For Sale” signs in front yards. I figured someone was doing some serious business, and never thought I would have the chance to join that legendary group. Naturally, when I heard that The Caniglia Group was looking for an addition to the team, I had to put my name in the proverbial pot. After lots of smiles, handshakes, and several interviews, I got the call I was waiting for; and they offered me the job on the spot.

“The professionalism and dedication of The Caniglia Group is second to none, and I would not want to learn the ropes from anyone else.”

Fast forward five months and I’m still learning and growing but able to help the team in day-to-day activities. I love trying to find creative solutions to problems and being knowledgeable about real estate in North Central. I have always loved big, beautiful homes and I enjoy being able to see so many different examples of that. The professionalism and dedication of The Caniglia Group is second to none, and I would not want to learn the ropes from anyone else. I am honored to be part of such a hardworking and efficient team and cannot wait to see where this real estate path leads me. I look forward to getting to know you and work with you in the future!

Sincerely,

Matt Gurule

Do you have real estate questions? Our team is happy to help! Contact us at 602-903-7220.​​​​​​​​

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

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 !

 

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 !

 

 

My Continuing Real Estate Journey and Hopes for 2021

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Arizona Realtor Shelley Caniglia The Caniglia Group
Shelley Caniglia, The Caniglia Group

Happy New Year! I wanted to take a moment to reach out and share a few personal updates with you, as well as what I’m looking forward to in 2021.

As you may or may not know, my real estate journey began over 50 years ago when I moved to Phoenix – I’m sure there aren’t many that can say that! When I married a native Phoenician in 1968 and moved from Sacramento, CA to Phoenix, I fell in love with the city and knew it was home from that point on. As a stay-at-home mom I became a semi-pro ‘boy wrangler’ while raising our three sons, but when our youngest started school full time, I decided it was time for a career!

Being both analytical and creative, my education encompassed art and accounting. Seeing that combination as a plus, I was urged by a very successful real estate broker to consider a career as a residential realtor. I studied and worked hard to obtain my Real Estate License, all while continuing to raise our boys. In those days, you received a pass/fail in the mail, and I was ecstatic when I received the letter that I had passed.

I excitedly announced to just about everyone I knew that I was now a licensed Realtor, sending them all business cards, etc., and on September 16, 1983, I closed my first deal. I was thrilled! It was a wonderful beginning to an amazing journey.

Fast forward to 2020 where Arizona, and the world, were hit with the pandemic. From the very beginning, our family and team took the advice of the medical and science community and adjusted all things at home and work. Our team pivoted to ensure the safety of all our clients. As you may know, the AZ real estate market boomed in 2020 due to historically low mortgage rates and a large influx of people moving to the Valley, and I was honored to have been able to continue helping so many with their real estate needs. Now, our market is reaching new highs in prices and unprecedented lows in inventory, and we find ourselves adjusting again. I can honestly say that I love this industry that constantly keeps me on my toes!

Personally, my husband and I decided to forego family gatherings, and we miss them dearly. With two grandsons’ in Central Phoenix that we saw often, and three granddaughters in Spokane, WA — like many, we found ourselves relying on FaceTime and Zoom to keep in touch. And while we appreciate being able to hear their voices and see their sweet faces, we are looking forward to spending lots of in-person time with them again very soon! With a lot more free time on my hands, I was able to paint more than in recent years – which has been a passion of mine since I was younger. In addition, my husband and I spent quite a bit of time in Flagstaff, where we’ve owned a home since the 1990’s. It was great to be able to get outside, and we enjoyed many walks and bike rides.

My husband also celebrated his 80th birthday this past year on October 14th. We received a call from our son, Steve – who is also my business partner — and his wife, Carly. They invited us to join their family on Oak Creek in Sedona for a small, socially distanced celebration. It was wonderful! We gathered outside on lawn chairs, enjoying drinks and snacks while watching our two grandsons play by the creek. It was a beautiful way to celebrate a major milestone, safely. With vaccines on the horizon, a family and team that has thankfully remained healthy, and a real estate market that closed out 2020 on a high, I find myself grateful for so much, and am looking forward to all the promise that 2021 brings. The journey continues!

I look forward to serving you in 2021 and wish you much health and happiness.

Shelley Caniglia

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