September 11-12

Welcome Back, Weekend Warriors!

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 six fun-filled events happening around the Valley!

As we close the first week of September, it's hard to believe that we are inching our way to the holidays and even closer to another new year and even wilder - 2 years since the onset of the Covid pandemic. It’s been such a wild couple of years and we know everyone’s experience has been different but as your go to real estate service providers and proud residents of the East Valley - we can promise we’ve been on this journey WITH you and by your side.

We’ve reported on the ups and downs of the market over the last couple of years, mostly ups as we reported 30%+ annual appreciation and a severe lack of inventory causing a feeding frenzy like nothing we’ve ever experienced before, but more recently our reporting has shifted to week over week trending of increased inventory, increased days on market, and decreased rate of appreciation with contract numbers declining. While we’re still sitting in a strong sellers market due to a deficiency in inventory, the selling conditions we predicted would change by the end of the year are here.

The best time to make a move is when  you can  predict the outcome for you  and  your family and while sellers appreciated the pace at which the market moved this year, the unpredictability of their sales price was overwhelming. Without losing a piece of the appreciation in the last year, sellers are now able to better predict their sales price and have a better chance of securing their new home than they’ve had all year long.

While we expect to see inventory numbers rise through the end of the year, appreciation will continue until we’ve hit 3-6 months of available inventory which means we need to somehow find 20,000 homes to add to our numbers. It’s unlikely that will happen overnight and therefor it appears we’ve entered the sweet spot of the market, one that will only heat up and get more complicated again come Spring.    

So, what’s the first step? With a market that necessitates quick decision making, you’ve got to ensure your pre-approval is on lock down. Make sure you know how much you have to  spend on  the buying process and that you understand what it will take to write a competitive offer in this market. Schedule with  our consultants ASAP if you aren’t sure if these numbers and we’ll make sure to get you in with our lenders first.

Start to narrow down what you want versus what you need and make sure all decision makers are on the same page about the game plan. Is this an investment purchase, is this a forever home, what do you care most and least about? With low inventory, there isn’t time to waste on looking at properties that aren’t a fit - it’s not fun and its not worth losing out on the one you DO want. Let us guide you through these tough conversations.

Understand what your home could sell for and what you need to do to get it going. For some, that’s leveraging our remodel program options, getting our stager in for a consultation or full home stage, or even just some basic decluttering which we can walk you through in our photo ready  checklist. Don’t worry, we’ve got the marketing taken care of -  you WILL have more eyeballs on your home than you will need and you will have your best foot forward with our skill and care in its presentation.

Stress levels are high, and we can help. Now is not the time to try to do this on your own, especially since this might be the most important buying and selling window of the next six months.

😲 In Case You Missed It!