July 22-23, 2023

Welcome back Weekend Warriors! The summer is officially coming to a close with many of our kiddos back in school this week and next, calendars have been full of "Meet the Teacher" nights, supply shopping, uniform hemming, and like our friends at San Tan Charter School warned us about on our last Tuesday Tip with BeLocal Gilbert - getting those Summer Warriors back into a good bedtime routine.  As the temperatures have continued to hit those high, high records - our local real estate market has started to pick up momentum with a sprinkling of new listings coming to market including a few that we've got in some of our favorite East Valley neighborhoods - Ocotillo, The Bridges, and Trilogy! Check out our top picks for fun family activities that you can do on the weekend or after school, find out where you can meet our agents this weekend at their Open Houses, and check out some of the really great events we've got coming up. Stay frosty, friends - it looks like no one told Summer we're moving on into the school year!

We're back with your weekly market update and WOW, what a difference a few weeks in the Arizona real estate market makes. Year over year stats are finally speaking to our current state of the market now that we are past the frenzied years of 2021 and 2022 where inflated numbers inaccurately represented our gains and falls from a normal market making. Inventory is finally accurately reflecting our nearly 30% drop year over year and nearly 40% from the peak in our 2022 inventory, pushing many of our clients off the sidelines as we grapple with the fact that this inventory shortage is likely here to stay, and likely to continue creating upward pressure on pricing because of it. Sales prices are down about 5% from our peak last year but up 5-7% since December meaning that while we aren't snagging homes for 1/2 of their list price, we are still able to sneak in some seller concessions to help with closing costs and rate buy downs.  In fact, nearly half of all contracts signed in June contained seller concessions but don’t worry, if you have a home to sell, you too have a good shake of the deal with homes over $1M seeing their 3rd best season ever recorded, and prices rising across all segments. They say you can't sell in a seller's market and buy in a buyer's market - but this is about as close as you'll get!  Listen in as we talk about unlocking inventory this month and don't miss our Gilbert Sun News article for more on our take. Want more market news? Stay tuned to our Facebook and Instagram where we provide real estate updates every Monday and Friday and if you are really wondering what these changes mean for YOU, click the link below to book a strategy call with one of our team members and let's get to work!  

After a month long school supply drive for one of our favorite East Valley charities, Jacob's Mission, we gathered dozens of volunteers to help us pack 300 backpacks for kiddos experiencing the foster system right here in Mesa, Arizona. Part of the ASA Network, which stands for Advocacy, Support, and Assistance for children and families impacted by foster care, Jacob's Mission Community Center is a resource center for families that houses a food bank, clothing bank, tons of activities for kids and their families, as well as after school programming, youth mentoring, life skills classes and more. Community on Purpose serves organizations throughout the year with their mission of supporting women in leadership and business, organizations supporting youth and families, and direct giving as needs are uncovered by the Amy Jones Group. For more information on our next volunteer event, the organizations we serve, or to make a donation - visit our website for more details! A huge thank you goes out to all of our clients and community members who donated to the school supply drive for this event and those partners who were able to volunteer with us including Fidelity National Home Warranty and Corina Rodriguez, Stratton Inspection Services, EcoRoofing, Ramon Loans, McKenzie Insurance, Pinnacle Title and so many more! We have lots of ways to continue fundraising and friendraising for the organizations we support in our community through our nonprofit Community On Purpose - and are so grateful to serve through real estate and community right here in Arizona!

😲 In Case You Missed It!