Month of June

Welcome back to our What's Up Southeast Valley for the month of June!

The real estate market is changing with each moment and we're finding new ways to connect with you, our community and local small businesses throughout it all! Welcome to Fall 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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Our Team Around Town

This month has been full of fun as we stepped out, stepped up, and stepped into the lives of our community! From Women in Leadership events, to the House of Refuge volunteer day, buyer's walk throughs and more - Check out all of the fun and follow us on SOCIAL!

We're Hiring!

The Amy Jones Group is RAPIDLY growing! We are hiring Real Estate Sales Professionals for our Gilbert office. On pace to serve more than 165 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]!

We continue to have a front seat to one of the fastest changing markets in Arizona history since 2000. In just the last 6 weeks, we have increased our inventory by 42% and nearly doubled it year over year meaning that as buyers you have twice as many homes to choose from as you did this time last year and sellers - well, we’re going to have to start talking about prices. While we did expect that rising interest rates and home prices would cause buyers to pull back from the market which in turn would mean that homes would start sitting on the market longer, we did not anticipate that sellers would feel this shift in the market so quickly and respond by putting their homes on the market at such a rapid pace. 

Right now we are seeing homes come to the market about 13% faster than pre-Covid times. While we haven’t seen our institutional buyers change their buying habits making up about 15% of all sales below the median price of $475,000 - if they were to pull out of the market, we’d certainly see the inventory climb at an even quicker pace. 

It will be interesting to see if seasonality sets in over the next few weeks and the rate of new listings slows down - if we continue at this pace we could be in a balanced market by September. Now, keep in mind - Arizona has not spent much time in a balanced market given its continuous influx of new businesses, job growth, and amazing resorts for summer staycations - but knowing how rare it is that the market would shift so quickly, it does lend a sense of urgency to folks who have built up equity in their home and want to be able to use it and still know that they can sell quickly if priced, staged and prepped, marketed and negotiated property. 

We’ve already started to see list prices slow way down - meaning that they are not escalating nearly as quickly as they were when offers and waivers were flying around in the Spring, and we do expect quite a few price reductions as sellers realize that their homes are sitting without them. Buyers and sellers will have to start working together again - we saw the need for experienced agents who could have navigate the extreme sellers market we’ve been in for the last two years and we will absolutely see the need for experienced agents who can navigate the new uncharted territory of the race to balance. We know you have a lot of questions and are here to help - let’s sit down for a consultation and see where you want to be by the end of the summer.

BeLocal Business Buzz

Monday Market Update

Thursday 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!

Through Her Eyes

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.

Community on Purpose Podcast

👏 Congratulations! Mazel Tov! ¡Felicidades!

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