The Holidays Are Here!

Welcome back to our What's Up Southeast Valley for November!

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, posting on our Facebook and Instagram pages, winning BEST Real Estate Team by The Real Producers Magazine, and giving out free popcorn at our last Movie Event of the season, we are loving every second of helping YOU move forward!

📈 Market Update

💬 What the Market Says

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

• Active Listings (excluding UCB & CCBS): 14,525 versus 17,953 last year - down 19.1% - but up 5.6% from 13,755 last month
• Active Listings (including UCB & CCBS): 18,322 versus 21,311 last year - down 14.0% - but up 4.1% compared with 17,592 last month
• Pending Listings: 5,919 versus 4,770 last year - up 24.1% - but down 1.5% from 6,011 last month
• Under Contract Listings (including Pending, CCBS & UCB): 9,716 versus 8,128 last year - up 19.5% - but down 1.3% from 9,848 last month
• Monthly Sales: 8,018 versus 7,352 last year - up 9.1% - but down the tiniest possible amount from 8,019 last month
• Monthly Average Sales Price per Sq. Ft.: $174.39 versus $165.41 last year - up 5.4% - and up 2.8% from $169.56 last month
• Monthly Median Sales Price: $285,000 versus $262,000 last year - up 8.8% - and up 2.0% from $279,500 last month

So what are the numbers telling us?

• The seasonal increase in active listings during October did take place, but was weaker than normal and much weaker than last year
• Demand remains high, looking at listings under contract and pending listing counts, although it always declines due to seasonal factors between September and November each year
• Closed sales are still well ahead of last year and were almost as high as last month
• Sales pricing is finally beginning to take off and has a lot of upward momentum building

👉 What It Means For You

Listings under contract gained more momentum when compared with 2018 but fell sequentially (as is normal every year), meaning that more houses are being sold despite there being less to choose from!

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...