July 3 & 4
Welcome Back, Weekend Warriors! Happy 4th of July Weekend!
This is the Amy Jones Group's weekly newsletter, detailing local events, recent real estate news, and open houses.
This week, we're bringing you five fun-filled events happening around the Valley!
Our Team is Growing
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Real Estate Professionals
The Amy Jones Group is growing! 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 reply to this post directly!
Email your resumes to - [email protected]
It’s a holiday weekend, guys - how excited are you? I know its hot outside but there are finally places to go, celebrations to be had, and of course - sitting and watching fire works from your backyard is still completely socially acceptable! People always ask us if listing their house on a holiday weekend is a good idea or not - and really there is no right or wrong answer. Some years holiday weekends are SO BUSY and other times they are SO QUIET but what I can say is that its not usually something in between.
I would say, however, if you’ve considered making a move and are trying to time the market - I’d quit with that. We’ve been reporting since mid-February that inventory has been rising, no where near where we’d need it to be for everyone who wants a house to be able to have one, but an increase of 25% since February is not something to dismiss. In fact, we’ve been saying that you probably won’t FEEL the change that we’re reporting - but even that has changed.
Now, please don’t misread this as meaning prices are DROPPING. We are FAR away from stabilizing the market, let alone forecasting any decline in pricing, so as long as there are more people than houses - prices will continue to go up. It also doesn’t mean that I would recommend offering half off list price on a house or asking for a new roof unless there’s a big ol’ hole in it. I am saying that as a seller, you might not be able to continue asking buyers for their first born children (mostly kidding), so start going after the second (totally kidding).
Here’s the deal - inventory is rising across the board since February:
+29% - $300K-$400K
+68% - $400K-$800K (Price Reductions up 152%)
+32% - $800K - $1.5M (Price Reductions up 192%)
+5% - Over $1.5M
Demand is 7.3% above normal seasonal level overall, 62% of June sales closed over asking price, and we’re at on average 102% sales to list price ratio which measures on average, how much over list price homes sell for. We topped 35% appreciation year over year which is logically going to pull some buyers out of the market causing demand to slow and unless the builders can magically add enough homes for the 290 residents we added per day last year (which at 2.7 people per household puts us 13th highest in the US) it’s going to take a while until we hit a balanced market.
But how long is awhile, Mindy? My gut? By the end of the year, things will feel different than they do today and by Summer of next year - they’ll be significantly different. So why buy now? Well, interest rates will likely go up a 1% with each positive news story about the economy, prices will still rise another 10-20% depending on where you are in the valley and how quickly new listings continue to come to market. And why sell? Well, that’s an easy one. The sooner you sell, the more things you’ll be able to ask for and the easier the process will be.
The good news is that no matter when you decide to buy or sell, we’ll be right there with you. Professional marketing for our sellers regardless of the market, expert negotiation skills for our buyers in spite of the market, and the best representation you’ll find in the Valley because you deserve it.
Local Independence Day Events
4th of July - Gilbert Regional Park
Sunday July 4th at 5:30 pm
The first-ever Gilbert 4th of July Celebration at Gilbert Regional Park!
Gates open at 5:30 PM. Fireworks will begin at 8:45 PM and will last for 20 minutes, weather permitting.
Entertainment provided by GARTH LIVE from 7:15 PM - 8:45 PM. A stunning tribute to the music of Garth Brooks featuring Drew Baloh, who has an uncanny resemblance to the legendary country music icon. Learn more glbrt.is/GarthLive
This free, family-friendly event will take place on Sunday, July 4th at Gilbert Regional Park, located at 3005 E Queen Creek Rd, Gilbert, AZ 85298.
Parking is limited but Gilbert Regional Park connects with the East Maricopa Floodway and Queen Creek Wash Trail and is easy to access by foot or bike.
The entire park will be closed starting on July 3rd at 10:00 PM through July 4th at 5:30 PM when gates will open for the 4th of July Celebration.
SOLD OUT: Beat the crowds! Reserve a VIP package and let us save your front-row seat! Space is limited and tickets are non-transferrable. Packages go on sale on May 24th at 7 AM glbrt.is/FourthOfJulyVIP
Food trucks will be on-site and outside food is welcome!
Check out all the details gilbertaz.gov/july4th
Drive-in Fireworks Show - Mesa
Saturday, July 3rd at 9:00 pm
Join Fiesta Mall for the 2021 Arizona Celebration of Freedom FREE Drive-In Fireworks Show! The event will be held Saturday, July 3 from 9 p.m. to 9:30 p.m. in the parking lot of Fiesta Mall, 1425 W. Southern Ave.
The fireworks will be displayed while one of our sponsors, 94.5 KOOL-FM, plays patriotic music you can tune in and enjoy.
Details at www.azcelebrationoffreedom.org
4th of July - Queen Creek
Sunday, July 4th at 4:00 pm
This is a family/community event to grow closer as neighbors, to support each other, and to celebrate the United States of America.
We, the Schnepf Family, love our Country, love our community, and love offering a place for families to create memories together. We hope to see you out at the farm this 4th of July!
Here are a few details you should know:
-TICKET SOLD ONLINE ONLY. There will
be NO onsite sales for this event.
-Tickets are PER CARLOAD: $25/car.
-This is an outdoor event, please dress accordingly for the heat.
-We are hosting local food trucks and vendors! Please consider budgeting funds to support these local family businesses by purchasing their food and drinks onsite.
Flags, 10x10 pop up tents, blankets, chairs, small ice coolers, water bottles, soda, cornhole, frisbee, lawn games and umbrellas.
Items NOT PERMITTED:
ALCOHOL, Food, weapons, laser pointers, fireworks, drugs, water guns, water balloons, grill tops, propane, air horns drones, R/C toys, outside meals, large ice chests, large tents.
ALL COOLERS, BAGS, STROLLERS are subject to search by our security team onsite.
Fireworks start at 8:30pm! All tents, flags and umbrellas need to be lowered and put away at 8:00pm
4th of July - Rustler's Rooste
Sunday, July 4th at 9:00 pm
Join Rustler's Rooste atop South Mountain at Rustler's Rooste for a dazzling firework show to celebrate the 4th of July, Sunday, July 4 at 9 PM! It's sure to be a fun-filled evening of Fireworks & the Valley's best steaks, ribs, brisket, burgers, chicken, and seafood!
The fireworks show is only available to Rustler's Rooste guests! So come on up for dinner & stay for the show!
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