What's Up Southeast Valley? August 2021
Month of August
Welcome back to our What's Up Southeast Valley for the month of August!
The real estate market is changing with each moment and we're finding new ways to continuing to connect with you, our community and local small businesses throughout it all! Welcome to Summer in Arizona, we are so excited to be on this journey with you!
We LOVE our clients, community, local businesses, giving back and serving YOU. Let's have an incredible month together!
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Join Our Team
The Amy Jones Group is RAPIDLY growing! We are hiring Real Estate Sales Professionals for our Gilbert office. On pace to serve more than 175 families in 2021 alone, we are looking for EXPERIENCED agents to join our Southeast Valley team. Known for our excellent client care, exceptional negotiation skills, world class digital marketing, and being trusted advisors in the SE Valley for more than a decade - we are looking for hard working, ethical, creative, real estate professionals who love to learn and thrive in a team environment, where giving back and giving to each other is important to our overall success. For more information on who we are and how to apply, visit https://www.amyjonesgroup.com/careers or send your resume to [email protected]!
Around Town This Summer
The welcome humidity of the Arizona Summer, albeit thick and sweaty and warm and generally out of character for our dry heat reputation, signals a light at the end of the tunnel for our hundred degree days and the coming months of absolute weather bliss where the parks will once again be packed with little feet and big bicycles, festivals and outdoor shopping, and all of the creature comforts of an Arizona Fall provided we can keep our not-so-friendly Covid-19 and his variant from joining the party. And while the sloshy front yards and dripping porches make showing homes a little more challenging in the unpredictable monsoon weather, the fact that we even have homes to show is as magnificent as the reflection of a night time thunderstorm off the Superstitions. In fact, the Valley has 140% more available homes for sale in August than it did just last quarter which might feel like a proverbial flood of supply to our landlocked little town but it is still just a sprinkle in the bucket as we’re only sitting at about a 2 week supply for a healthy number of folks trying to make the Valley their home.
Dan White - Fairway Independent Mortgage
Dan has been “Lending with a Smile!” since 1995. He is a firm believer that in order to truly help someone that we need to know as much as we can about the individual and their needs, so by the time you get the keys to your new home the two of you will be friends! His desire is to make the process of homeownership fun, smooth, and enjoyable for everyone involved. He wants this experience of buying a home to make you smile!
Similar to the majority of cities across the Valley, we’ve seen a steady increase in homes coming to the Valley market since mid-March with a fast tracked plan to replenish our deficient supply over the last quarter. With days on market still declining and prices up another 7% since May, now might be the best opportunity that there has been all year to sell your home for top dollar and actually have somewhere to go. While the feeding frenzy of the earlier parts of 2021 is likely over, homes are still selling for 102.87% of asking price meaning that your average home in the Valley is still receiving multiple offers, seeing full or partial appraisal waivers, and some are still including lease backs for the seller although those are becoming slightly more rare and more reasonable in length. Sales are down about 24% year over year and demand is just 70% of what it was a year ago which is indicative of the healthy level of skepticism that some of our Valley buyers have after several months of shockingly fast rising prices and defeat from some of the fiercest negotiations we’ve ever seen in the Arizona real estate market.
As we make our descent to a more normal balance of supply and demand in Arizona, there will likely be a lot of erroneous assumptions about what is causing the regulation of prices including any major fluctuation in interest rates which we’ve seemed to avoid for now and an emotional disconnect for our sellers who have very quickly gotten used to double digit appreciation (and then some!) as compared to a more “normal” rate of annual appreciation like the 5% we saw in 2016. While new construction will continue to struggle to keep up with a lack of readily available building supplies, turn around times for build completions will continue to increase and sales prices will continue on an upward trend from the 15.4% annual appreciation our brand new communities have seen in the last year. Quick move-in homes are hard to find but are becoming more readily available and we’re starting to see many builders incentivize buyers again which is a welcome change to the buyer experience which has mostly included window shopping only without anything to show for it.
Those who have been waiting for a sign that the Arizona real estate market is starting to level off a bit, are finally feeling what we’ve been reporting over the last five months but just like the monsoon weather, the cooler temperatures of fall, the brisk mornings of winter, and the hundred degree temperatures of summer - it always feels like it just came out of nowhere. With inventory tripling in some of our outlying cities, the active adult and luxury communities still strapped for available housing, and second home buyers returning to the market from cooler climates - it’s going to take quite a bit more supply for us to see any flattening of housing prices.
🙌 Blog Spotlight 🙌
🙌 Community Spotlight 🙌
Gilbert Vice Mayor
Yung Koprowski - Vice Mayor
Yung Koprowski was appointed to the Town Council in April 2020 and was selected to serve as Vice Mayor from September 2020 through January 2021. She served as vice chair of the Citizens Transportation Task Force prior to her appointment and has lived in Gilbert since Valentine's Day 2008. Yung is a civil engineer and the founder and Principal of Y2K Engineering, a transportation engineering firm. Her professional focus is on traffic engineering, transportation planning, safe and intelligent transportation systems and walking and bicycling.
Yung received her Bachelors of Science in Civil Engineering from Arizona State University. In 2016, ASCE recognized her as a New Face of Civil Engineering Professional Honoree. In 2019, the Phoenix Business Journal recognized her as a 40 under 40 Honoree.
Her husband is also a civil engineer and they have two elementary school aged children.
Amy Jones Group Events
Parent's Night Out
Saturday, September 18th at 4:00 pm
Caring for children impacted by foster care on a daily basis can be very stressful and difficult for foster and foster adoptive parents. This ultimately takes a toll on the family as a whole. ASA Now provides a much needed break for exhausted foster and adoptive parents while still meeting the special needs of the children. This intervention provides parents with an opportunity to recharge, prevent burn-out, stabilize the whole family, and ultimately result in fewer foster and adoptive disruptions.
ASA Now is in need of caring volunteers to help with our next Parent's Night Out event schedule on Saturday, September 18th. You may volunteer to supervise children, run an activity or serve food.
Volunteers supervising children will be assigned one child or two youth and will be playing games, doing crafts, and serving pizza and fruit to the children.
BACKGROUND CHECKS ARE REQUIRED FOR ALL ADULT VOLUNTEERS AGES 18 AND UP WHO WILL BE VOLUNTEERING AT THIS EVENT. WE CAN ASSIST WITH HELPING YOU OBTAIN ONE. Youth (ages 12-17) are not required to have a background.
Sign up here - https://form.jotform.com/211875511269156
BeLocal Gilbert Meet & Greet Mixer
Thursday, August 24th at 4:30 pm
Are you new to the Gilbert community, love living here or are looking to be in or a part of a local publication to spread the word about your local business? We would LOVE to invite you to our upcoming Meet & Greet Mixer to welcome those who are new to the Gilbert Community or are current BE Local partners!
Join us for food, drinks & fun while meeting your neighbors and discovering new local businesses!
Here is our schedule for the rest of 2021:
Tuesday, August 24th
Tuesday, October 26th
What's Up Southeast Valley
Every second Friday on each month!
Join us every month LIVE on Facebook with a special guest from our local community to talk about all things real estate and community!
Until October 1st
It's that time of year where we are seeking donations of water or funds to purchase water as we are heading back into triple digit weather.
This much needed water will be given to the homeless and unsheltered.
From now until October 1st, please donate water or funds to our office or we will come and pick them up from you!
Thank you for helping us make a difference this summer.
Local Business Mixer
Thursday, October 7th at 4:30pm
Join the Amy Jones Real Estate Group for our quarterly business mixer!
As one of the top real estate groups in the Valley, we are always looking for new businesses to share with our clients.
Come by Parlay Kitchen to meet our team of fantastic agents, as well as other local businesses!
This event is being sponsored by our friends at Fidelity National Title Agency - Copper Point.
Live.Love.Local - Connecting The Southeast Valley
Connecting with the community lights up our souls and we couldn't be more thrilled to get to know those who run our small businesses. It's so important that we support local, especially right now. Each business below is open, taking appointments, reserving parties and staying safe by following our state guidelines. Let's all do our part in keeping the economy alive, so that when it comes time to fully get back to life, we can all thrive once more.
BeLocal Business Buzz
Market of The Moment
Every week, our trusted Title partner, Don Czajkowski with Fidelity National Title has a meeting of the minds to talk about the ever changing real estate market, especially right now. This week, Mindy was a featured guest talking about inventory, new home builds, interest rates, tips to release the equity in your home, alternatives and options to give yourself more time to find a property to purchase when selling and what the Amy Jones Group has been up to this month. Check out all of the recent broadcasts below starting with the one from this week!
Have questions about selling your home? Afraid of what happens if you sell and don’t have somewhere to go?
Not sure how refinances, home equity lines of credit, or renovation loans work?
Check out this video series for YOU below!
🚨 HOT On The Market 🚨
👏 Congratulations! Mazel Tov! ¡Felicidades!
None of this is possible without our amazing clients.
We'd love to help you or someone you love if we haven't already - or help you again!
Here are the buyers and sellers who made big moves last month...
In Case You Missed It...