The Holidays Are Here!

Welcome back to our What's Up Southeast Valley for December! Are you ready for the new decade?

Here are our latest updates - Check out what the Real Estate Market is doing, our upcoming events and what The Amy Jones Group has been up to for the last month!

👀 Watch Our LIVE! 

Working Around The Valley!

Over the course of the past month, we have been busy! From helping clients find and settle into their dream homes, holding open houses with incredible goodies, coaching other agents in the Valley, growing our team, ringing the bell for Real Estate Wednesdays, celebrating our 100th closing of the year, posting on our Facebook and Instagram pages, winning BEST Real Estate Team by The Arizona Foothills Magazine for our 7th year, and hosting our Annual Pie & Photo Event, we are loving every second of helping YOU move forward!

📈 Market Update

💬 What the Market Says

Here are the basics - the ARMLS numbers for December 1, 2019 compared with December 1, 2018 for all areas & types:

• Active Listings (excluding UCB & CCBS): 13,869 versus 18,563 last year - down 25.3% - and down 4.5% from 14,525 last month
• Active Listings (including UCB & CCBS): 17,577 versus 21,736 last year - down 19.1% - and down 4.1% compared with 18,322 last month
• Pending Listings: 5,864 versus 4,562 last year - up 28.5% - but down 0.9% from 5,919 last month
• Under Contract Listings (including Pending, CCBS & UCB): 9,572 versus 7,735 last year - up 23.7% - but down 1.5% from 9,716 last month
• Monthly Sales: 7,119 versus 6,638 last year - up 7.2% - but down 11.4% from 8,032 last month
• Monthly Average Sales Price per Sq. Ft.: $179.57 versus $166.75 last year - up 7.7% - and up 3.1% from $174.21 last month
• Monthly Median Sales Price: $281,000 versus $260,500 last year - up 7.9% - but down 1.4% from $285,000 last month

We note that November 2019 contained only 18 working days and October 2019 contained 23, so there were 22% fewer working days in November compared to the prior month. There were 19 working days in November 2018, so this year we see a disadvantage of 5%. This means the numbers above are far more impressive than they appear. We have a situation that favors sellers to an almost alarming degree. Supply is down 25% compared to this time last year, when it was already well below normal. Demand has retained strength much later into the season than normal.

Supply always falls during December as many sellers take their homes off the market for the holiday season. Even without this effect, we have wholly inadequate supplies for the current level of demand. The real test will come in January when we see which ramps up faster from the low point of January 1, 2020 - will it be active listings or the under contract counts. Comparing these 2 numbers using the contrast ratio will give us a good forecast of how the spring selling season will turn out.

👉 What It Means For You

Mortgage interest rates have plummeted since January creating an unexpected jolt of affordability into the housing market. In most circumstances, greater affordability translates into strong demand.

Demand usually subsides between July and January every year so unless a brand new trend develops, we should see new listings maintain enough momentum to keep active listing counts from falling much further, if at all. However when demand grows again in February we can expect a mad scramble for the few good properties left.

👩🏻‍💼 What You Can Do

If you're looking to buy a home, Contact us today and we can help you put in action a plan that works for you and your family and help you take advantage of appreciating neighborhoods. Whether you are looking to make a move now or five years from now, it's never too early to sit down and game plan!

If you're looking to sell your home, we can get you an up-to-date home valuation. Despite being in a strong seller's market, cancellation rates are high from panicked and finicky buyers so you'll want to hire a team of experts who have top negotiating skills, cutting-edge marketing, and extensive market knowledge to help you get from listed to SOLD.

🙈 In Case You Missed It...

🔥 HOT on the Market! Don't Miss out! 

👏 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...