Welcome Back, Weekend Warriors!
This is the Amy Jones Group's weekly newsletter, detailing local events, recent real estate news, and open houses - Enjoy!
This week, we're bringing you LOTS of fun-filled events happening around the Valley and way, way more!
Hey guys! Fluctuating interest rates have dominated the news headlines lately and certainly provided some new challenges for our buyers that are actively out shopping. With rate buy downs more expensive and qualifications maxed out, some of our buyers are having to rethink their purchase criteria and our agents are definitely getting good at negotiating the concessions needed to keep the deal on track.
While 6% interest rates seem high, its really the volatility in the rate that has caused the most disruption - not the number itself. In fact, demand does not seem to be reacting quite as dramatically as it has over the last 6 months - we had a massive change in our market between April and July but with a low rate of new listings coming to the market and lower demand than we saw last year - the market is becoming relatively predictable again with only small adjustments week over week.
We continue to see signs that balance has taken over including the builders slowing their pace on new builds, something they didn’t do until 2007 nearly 2 years after the market started to decline in Arizona. While this is not a crash, the euphoric Spring has passed being replaced with fear that is based only on the unknown. Supply is not rising, demand is not falling, building is slowing so as not to offset the balance, and while interest rates certainly impact buyer demand - its an excess of supply that can topple a market and we’re simply not seeing that.
The number of actual home sales is way down but not because of an imbalance in the housing market - in fact, we’re seeing less downward pressure on pricing unless its coming from stale listings, overpriced starting points, or overstocked iBuyer inventory. We’re starting to see sellers forego their steep price reductions to longer times on market, seller financing deals, or simultaneous rental listings that are creating income generating opportunities for sellers who don’t need the full cash value now.
Phoenix is still sitting in the Top 10 list on the Case Schiller’s Index for annual appreciation and an above national average increase in sales prices. Again, keeping a close look on supply - we went from 7300 active listings this time last year which was a up from the dismal 2500 bottom we hit - to 13,000 last quarter and 19,000 last month where we’ve stayed - and listings under contract has flatlined. The market is operating quite normally for a balanced market in fact - so stay off the click bait and keep coming back here for the numbers.
To book a strategy call with one of our team members, click the link below or call your trusted Amy Jones Group realtor from your last move! Our team is here to help and would love to connect over Zoom, coffee, or an in-home meeting to get started!
In the meantime, if you really want to geek out over some numbers - check out our most recent update in the Gilbert Sun News for the #facts -
Amy Jones Group Events
Local Business Mixer - Chandler
Calling all small biz owners! Our next local business mixer is coming up and this has been such a FANTASTIC way to network locally with other local business owners!
As one of the top real estate groups in the Valley, we are always looking for new businesses to share with ALL of our clients and we LOVE connecting the community in this way.
Come by Parlay Kitchen to meet our team, business partners, community partners and non-profit partners. Get connected with local volunteer events and enjoy incredible food and drinks from one of our fave spots. RSVP here!
This event is being sponsored by our friends at Fidelity National Title Agency - Copper Point.
RSVP for this FREE event today!
Join Our National Real Estate Collective
Connect & Cultivate
Are you sick of not seeing results when it comes to your real estate business. Tired of not knowing how you should to get more clients? When you join with us you'll have immediate access to our world class training and coaching programs and get a plan to build your business to the next level.
Our group has over 300 agents we work with nationwide! So no matter where you are at in your real estate journey we can help grow you to the next level.
- 5 Pillar Coaching program (Xsell Coaching)
- Social Media Coach
- Digital Marketing Coach
- KV Core / CRM System Coach
- Grant Cardone Sales Training
- Real Estate Fundamentals Coach
- Access To Our KVCore CRM System (It's Off The Charts Amazing!)
- Power Hour Bi Monthly Coaching Calls
- Monthly Content Shoots By A Professional Photographer
- Connection Events
- 50+ Virtual Training From Top Producing Agents All Over The World
- On Demand Training
- and so much more...
Apply To Be A Preferred Vendor
Allyson Greek - Life Coach
Allyson is an incredible Health & Life coach. Over this next month she’s giving away free intro-coaching sessions to any busy, driven women who want to have more energy, get more done in less time, and feel more balanced in their lives so they can “get it all done” without getting burned out in the process. I wanted to share this with you all, if this is something you might be interested in, so you could take advantage a free coaching session while she’s offering them. Let me know if you want me to send you the link to book a session!
Community On Purpose
New Podcast Each Week
Welcome to Community on Purpose, a podcast for the leader inside of you.
On this podcast, we’ll explore how women everywhere are intentionally creating community through business, giving and living.
Our conversations will uncover the power of community and the difference living in alignment can make on the world.
This podcast is brought to you by the Amy Jones Group, your residential real estate team serving the East Valley. On a mission to thrive, the Amy Jones Group is committed to helping you go further faster through home ownership and community giving.
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The Amy Jones Group prides itself on our commitment and service to our clients. Voted Best of Our Valley for nine years running, we appreciate the support from our past clients, vendor and community partners!
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Our Team is Growing
We are hiring!
Real Estate Professionals, Showing Assistant & A Spanish Speaking Bilingual Real Estate Agent
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]
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