What's Up Southeast Valley? November 2021
Month of November
Welcome back to our What's Up Southeast Valley for the month of November!
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 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!
👀 Watch Our LIVE!
Women in Leadership Breakfast - Real Estate Edition
Thursday, November 18th at 9:00 am
Women in Leadership Breakfast - Real Estate Edition
In this exciting edition of our Women in Leadership Breakfast series, we are hosting a panel of the Valley's top Women in Real Estate ready to share with you their tips for success. The panel will be moderated by our very own Mindy Jones, owner of the Amy Jones Group, in partnership with our friends at Fidelity National Title.
We will also have a special guest Dr. Maria L. Hesse, a founding member of the Board of Directors and Chair of the Scholarship Committee at Positive Paths, an organization that exists to support East Valley women in need by providing a life-bridge to economic stability, personal growth and professional achievement for women through mentorship programs, scholarships, and supportive services.
Each year, Positive Paths sends gift cards to their women for the holidays as the majority of the women they serve are very low income. Additionally, they use donated gift cards to raise money at their annual gala where funds are raised to support their scholarship and mentoring programs. Please consider bringing a gift card to our event on November 18th or dropping one off at our office (address below!) prior to the event:
830 S. Higley Rd
Gilbert, AZ 85296
In addition to our nonprofit spotlight, you'll gain valuable insight into doing things with intention - and tools on how to live a big business, big family, and big community life all while an enjoying a beautiful breakfast at Parlay Kitchen and Cocktails in Chandler, Arizona!
Register now for this FREE event, by commenting below!
Client Appreciation Holiday Pie Party
Sunday, November 21st at 1:00 pm
Save the date for our annual Client Appreciation Holiday & Pie Party!
There will be:
Professional Family Photos
Free Pie To Take Home
Ways to Get Involved in The Community
ASA Now - Volunteers Needed
ASA Now is seeking volunteers to help us this week at Jacob's Mission Community Center.
Priority is as follows:
- Sort and put away donations
- Prepare Food Boxes
- Fill emergency need requests when a submission is received. Clothing and basic personal item packs are put together/distributed for each child listed on the request - each child or youth receives 3 tops, 3 bottoms, socks, underwear or wipes with diapers/pull ups. Backpack for school aged children or a Comfort bag for children ages 1-4. 3 books, a blanket, hygiene kit and shoes.
- Fill Birthday box request when a submission is received. Put together- costume, 2 new toys, new book, new blanket, as well as a birthday kit in a bag (cake mix, frosting, candles, party decor).
- Assist with cleaning tasks
Link to sign up:
Mindy Around Town
Places to see Mindy, meet her, and where she's popping up!
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]!
Welcome back to another edition of What’s Up Southeast Valley where we share the real estate news you need when you need it. Each month you’ll find lots of great updates on what’s happening in the real estate market and this month is no exception.
As we head closer and closer to the holidays, we are starting to see a decline in inventory again. We had a short period of time where demand wained and new listings were coming to the market faster than expected and we thought we might be headed towards a balanced market and in some ways we got there - but at a much lower level of inventory that we had hoped. We are still sitting at about a third of the inventory we would need to be in a true balanced market and until we get there, prices will continue to rise. In fact, prices rose a staggering 4% just over the last month.
While active listing counts are still down by just over 9% year over year, and under contracts are down almost 9% year over year, we’re heading into the third week of November with less than 8,000 homes available on the market when we’d need 25,000-30,000 to hit balance. We know that its tough for our buyers to compete out there and we know that prices rising almost 26% year over year is difficult to swallow, and in many times makes buying simply unaffordable, but our thriving city and continues influx of people and population counts necessitates a reset as to what housing prices will be in Arizona for the long term. While we don’t expect another 26% gain in home prices in 2022, we are expecting them to sit somewhere between 7-10% which certainly isn’t a flat or declining market.
Our sellers are looking for what could change their selling conditions and while inventory is high, we are watching things like increasing interest rates, lack of affordability, potential for slower population growth or household formation but with lending practices opening up to a $625,000 loan limit for conventional financing, Arizona continuing to rank in the top 10 states for population growth due to domestic migration, and the Arizona Department of Economic Opportunity reporting in October that unemployment claims have dropped to a pre-pandemic level and W2 incomes are up 3.4% year over year and rising - it’s unlikely that any of these will create much of downward impact on our real estate market.
This time of year always brings on the speculation about what the housing market will look like in 2021. Numbers are in showing new home sales are down here in the Valley because of the inability of builders to complete home construction (not because of a lack of demand), Zillow has effectively pulled out of the ibuyer market but we likely won’t see much of their inventory come to market locally as much of it will be sold off to bulk buyers and investors looking to build or increase their rental portfolios, and with the average dollar per square foot chart chugging upwards, its clear that passing a peak in frenzy is not the same as hitting the market’s ceiling.
Conditions have certainly changed and whether you bought a home 9 months ago or 20 years ago, unless you are working with an agent who understands the market, knows how to win offers, how to explore all available options for sellers, and provide you with the level of service you deserve when making massive life changing decisions - you will feel challenged,stressed, and may even throw your hands up and miss this opportunity. This is where we shine. The Amy Jones Group is committed to our clients like our family and we will be here to serve through real estate and community for many years to come. C’mon - let’s get started!
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Senior Development Coordinator
Banner Health Foundation
Banner Health Foundation (Tax ID: 94-2545356) secures and stewards charitable gifts to support patient care programs and services operated by Banner’s many hospitals and health care facilities across Arizona.
Banner Alzheimer’s Foundation (Tax ID: 20-4862361) secures and stewards charitable gifts to advance the mission of Banner Alzheimer’s Institute, including groundbreaking research initiatives and pioneering prevention studies, family outreach, counseling and support services.
In The Media
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
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 for YOU below!
👏 Congratulations! Mazel Tov! ¡Felicidades!
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