January 23-24

Our Team is Growing

We are hiring!

Real Estate Professionals & Client Care Coordinator

The Amy Jones Group is growing! 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

We’ve started January 2021 with one of the lowest inventory counts in history. After under building in the Valley for over ten years and continued population growth, the low interest rates of 2020 ensured that we would not be making ANY headway in closing the inventory gap with the new construction you see sprinkled across the Southeast Valley. Surprisingly, we actually had about the same number of new listings in the Valley in 2020 as we did in 2019 but with 35% more sales than your typical year - we still ended up with less than 100 single family homes in Gilbert, one of our popular Southeast Valley cities, without a contract. 

We’ve watched prices soar more than 17% annually and with 65% less supply in the Southeast Valley, homes selling on average for over 100% of list (meaning that some are selling for WAY over list and others right about list price), and reaching an all time low of just 14 days of inventory meaning that if we didn’t list another home in the Southeast Valley after today, everything we had to sell would be gone by next week. Bought a home in 2019 for $300,000? You are probably ringing in the New Year with a sales price of $350,000-$400,000 if you were to call to get it listed today. That’s great you say, if I’m leaving Arizona! But what if you want to stay? What if you WANT to ring in the next new year in this same beautiful city?

The good news is that as long as interest rates remain low which is one of the greatest unknown factors of our current housing market, you will always be buying low. As prices continue to climb at a rate even faster than we saw at the end of 2020, those interest rates are keeping monthly payments lower than they might ever be again. Good news for your primary purchase and for that rental you’ve always considered buying but didn’t want to wait a decade to make money off of. Any change in the interest rates will likely cause some emotional reaction with buyers as well as prices that rise a little too quickly for them to stomach and monthly payments that become less and less appealing. It will take some time for this to happen, but it is possible that the rate of appreciation might temper by the second half of 2021 because of some of these very things.

This is going to be a year of reflection and also of immense creation which will take fortitude, creativity, and some grit. To break into the housing market, to move up, to move down, to leverage your equity - there ARE options but they might take a little out of the box thinking, some suggestions from full time professionals who are committed to your success because they are your neighbors and shop at your same grocery store, and a little longer of a conversation than your keyboard can have with an auto-fill website online. But the stories of people who’ve done it, the families who stayed in a short term rental to ultimately ring in the new year in their new home, the first time home buyers who escaped the fate of a thirty day notice to get their family into a home that’s appreciated $60,000 in one year are PLENTIFUL. And we hope that your proverbial cup will be too.

To schedule an appointment with one of our agents, just reply to this newsletter or if you are reading online, click on the link below to schedule.

Schedule An Appointment | Amy Jones Group Copy

In a digital world, it's nice to connect in person. Schedule a time to talk with the Amy J...

READ MORE

Local Events

🚨 HOT On The Market 🚨

🏡 Open Houses 

🏡 Know Your Home Value