December 19-20

Our Team is Growing

We are hiring!

Real Estate Professionals, Client Care Coordinator & Transaction Coordinator

The Amy Jones Group is growing! With more than 150 families served in 2019 alone, we are looking for EXPERIENCED agents and administrative staff 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 reply to this post directly!

Email your resumes to - [email protected]

Market Update

Reflecting on the year that we’ve had, the year that was 2020, I’d like to permanently replace the previously nominated buzz words of zoom, pivot, silver lining, and rapid with the themes that I think have really shown through for our friends and family in the Valley - resilience, tenacity, grit, community, philanthropy, empathy, growth and ultimately change.

Acknowledging that 2020 was hard and that we CAN do hard things. There were more headlines in 2020 that seemed unbelievable at best and horrific at worst. Every family’s loss was magnified by the inability to be with their loved ones as they passed. The loneliness that our children and our elderly felt in isolation was overwhelming and the anxiety that our parents felt between struggling to make ends meet and confusion and fear over school closures and exposure was damaging. Our food pantries were empty and our nonprofit organizations begged for volunteer support. This only scrapes the surface of the challenges, the curve balls, the plot twists that COVID-19 presented us with in 2020 and you have persevered.

There’s no way that we could have predicted where our economy, our community or our housing market would be as we close out the year and predictions for next year are tempered by the humility that comes with a year like we’ve had. We went into 2020 with low inventory and healthy interest in purchasing homes throughout the valley and are exiting the year with historically low inventory, historically low interest rates, and historically high appetites for taking advantage of both. You see, the records we hit this year were not all lows and I could not be more grateful that the housing market has continued to pull through because losing your home, whether owned or rented, can be the most devastating experience that many will ever experience - even after a year like 2020.

We are currently sitting with less than a months inventory on the market valley-wide meaning that if we didn’t list another house after today, a situation we expect to get even more dire as we near the New Year and many wait to list their home until their holiday decorations have been removed - we would not have a single home to sell by mid-January. In fact, once you remove the new construction communities, many of which you see a higher concentration of in outlying cities like Coolidge, Wittmann, Laveen, and Arizona City - you are left with less houses on the market than we had in all of Scottsdale in 2009. While those cities are likely to become real estate hot spots in 2021, many are committed to staying closer to home.

For our buyers, the primary driver of taking advantage of the market is stabilization. If you are a renter, you are at risk of having your home sold by a landlord looking to capitalize on the market, losing your home due to an unaffordable rental price increase, or being evicted due to a late payment on your rent - all creating a difficult situation that necessitates moving often with little notice in the middle of a global pandemic with or without the  added issues of working from home, having kids at home from school, and maybe quarantining. Purchasing a home takes work in this market, those same skills its taken you to get through one of our country’s most challenging years by putting your best foot forward with offers, working with trusted professionals to ensure you are educated and armed with the knowledge to succeed, have the ability to move quickly and the patience to see it through - but it is worth it. Moving up into more space with an affordable payment, moving down into less space with a more affordable payment, or setting yourself and your family up to thrive when this is all over by building wealth through real estate and turning your primary home with equity into an investment home or investment fund can literally change the course of your life.

For our sellers, the competition is fierce and the reward is high. The concern is that you’ll sell high and have to buy high but when you are buying with a low interest rate and in an appreciating market - you’ll sell high, and buy as low you can as both interest rates and prices will likely only go up from here. It’s a great time to get what you need to make your move possible and for some price ranges, new construction is providing an unbeatable solution with many of our families breaking ground with more than $50,000 in equity already in their proverbial pocket. We’ll continue to see gridlock as families seek out solutions to buy before selling as they fear not having anywhere to go which will continue to inflate the prices of AirBnBs and VRBOs as stop gap solutions which will continue to drive the desire for investors to purchase these homes and many to use their primary residences in this way as they cash flow to help with other life challenges. We’ll see some Canadians who put their homes on the market as they have continued challenges getting over the border and we’ll have Californians continue to scoop them up as our prices remain affordable in comparison - so how do we shore up the gap?

We don’t know how and we don’t know when but we know that the market will change. We also know that prices only decline when there is an excess of supply and not just because we have jobs lost or even because of a global pandemic. In fact, in many ways - the housing market has been thriving because of the global pandemic (and years of sheer population growth and under-building) and without the intervention in our interest rates, an increase by a half percent or percent could certainly dampen demand as sellers simultaneously try to take advantage of the post-vaccine market which could set us down that path, it just won’t happen overnight. We’ve said it before and we’ll say it again - if you are challenged to make your monthly payment on your rental or the home that you own, seek the guidance of a real estate professional who can help you evaluate your options for qualifying to stabilize your monthly payments or releasing the equity in your home to avoid a foreclosure. If you are feeling cramped with more people at home or want to be more conservative with your monthly payment as you feel the uncertainty of the world around you - your prescription is the same.  

How we will we get through this you ask? With the same dignity, respect, creativity, and sheer will to move forward that you showed up with in 2020. What can you as one person, one family, one business, and one town do to make 2021 better for all of us? 

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