September 5-6
Welcome Back, Weekend Warriors! We're in this together!
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 four fun-filled events happening around the Valley!
Our Team is Growing
We are hiring!
Real Estate Professional
The Amy Jones Group is growing! With more than 150 families served in 2019 alone, 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 or reply to this post directly!
Email your resumes to - [email protected]
Market Update
It’s been another week of surprises in the real estate world with the biggest of them being the fluctuation in interest rates after the Feds monetary policy review last week in Jackson Hole, Wyoming. Fear not, interest rates are still in the 2s on average, with one client we saw locked this week at a mere 2.75% which is basically FREE money, but we did have a few days there where interest rates were (gasp!) closer to 3.5% on average. If you are thinking in terms of your greatest investment, this is a TINY amount to pay for the safety and security of your own home or wealth building platform - I mean, what else can you pay as little as 0% of your total investment down and see returns as high as 10% in 60 days as many of our buyers have experienced in this unprecedented market. We hear all the time, but we’re buying HIGH - when in fact, what you are buying is the lowest interest rate in history. Even IF prices go down, which there is no indication that they will do anything other than continue to escalate as long as there are NOT ENOUGH houses for people to buy, even an increase in 1% point in interest rates can make a devastating impact to your buying power.
An opportunity as great as the one that buyers have in the Valley right now is not without its challenges, of course. Our buyers are seeing multiple offers, requests for contingency waivers and inspection time period reductions, being asked to submit letters of interest describing their personal investment in the purchase, and the good agents are pulling out all of the stops to make sure our offers reach the top of the stack (CRUMBL, anyone?). Truth be told, the good LISTING agents are vetting the buyers offers, calling the lenders, AND evaluating the expertise and reputation of the buyer’s agent as part of their overall process of presenting the offer to their client, too. Professionals want to work with professionals, so now is not the time to just take the cheapest solution - it might end up costing you your home which isn’t exactly getting a good deal. Want to get a good deal? Get an agent who is experienced in negotiations, has expert communication skills, works full time to help their clients achieve their goals and has the reputation of being a professional - that’s how you get a good deal in this market.
And some more good news? Buyers aren’t the only ones getting a good deal in this market - which is THE BEST news for our locals who are buying up, buying down, or just moving around this great state of ours. Our sellers are reveling in the fact that we’ve got less than 8,000 homes available on the market for sale as compared to nearly 14,000 this time last year and nearly 8,500 this time last month. With the average price per square foot up more than 15% valley wide, it’s not surprising that we’re anticipating more folks will take advantage of getting their home on the market before the Election. We do expect price rises to eventually start negatively impacting affordability causing more buyers to drop out of the market and start a cooling cycle but eventually in THIS market, can be a long a time. Without knowing when we might start to see the tides turn, we can only focus on the opportunity cost of missing out on the ripe conditions for selling now. We’ve got families needing home offices, retiring couples wanting to rid themselves of a mortgage, and everyone in between. We are in a solutions market.
So, what’s that about that election? Well, according to Meyers Research, a housing consultancy firm, “new home sales record a drop in median sale activity of 15% from October to November, when the nation chooses its president” but it’s the lack of impact on pricing that is most important to consumers. Read more here…
So what’s the key takeaway? Know your options. If you own a home, get an updated evaluation of its value and the market conditions - and if you are buying, make sure your agent is savvy. Gone are the days that you can walk into a builder and hand them your money if you are a buyer and knowing how to navigate 12 offers if you are a seller isn’t for the faint of heart. The good news is, this is what we live for - this is why we’ve sharpened the tools in our toolboxes, brought on the best of the best in the industry at the Amy Jones Group (Did we mention that we were hiring? Who do you know?). We are in this together and if you are ready to see what this might mean for your family, reach out to us - we LOVE seeing it all come together for you.
Local Events
Dog Days - Desert Botanical Garden
Saturday, September 5th at 6:00 am
Early risers are invited to bring their whole pack to the trails Wednesday and Sunday mornings. Treat your dog to a morning stroll at the Garden. Each Wednesday and Sunday morning, you and your pup will have a tail-wagging good time exploring all the beauty and sniffs of the trails.
Sept 5, 12, 19 & 26 | 6 a.m. – 9 a.m. | Last Admission: 8:30 a.m.
The Garden Shop welcomes dogs during your visit.
The Patio Café will open at 8 a.m. offering a light menu to enjoy.
For the health and safety of guests and dogs, please note the following:
Please BYOB (bring your own bowl) to fill at Hydration Stations located at 5 points throughout the Garden.
Please bring waste bags and clean up after your dog.
Dogs must be on leash, licensed, and up-to-date on vaccinations.
Owners must maintain control of their dogs at all times.
Any dogs deemed to be aggressive to humans or other dogs will be asked to leave the Garden.
Watch those noses and paws! Be alert to cactus pieces and other debris on the trails and do not allow dogs to wander off trail.
Farmers Market - Chandler
Saturday, September 5th at 7:00 AM
The market is operated by the Downtown Chandler Community Partnership, a nonprofit organization. Find over 30 vendors selling locally grown and made products, live music and family-friendly activities. Items for sale include fantastic produce, tamales, salsa, pastries, relishes, honey, tea, crafts, natural beauty products, soaps and much more.
Email: [email protected]
Follow them on Instagram: @chandlerfarmersmarket and @downtownchandler
Farmers Market - Mesa
Saturday, September 5th at 8:00 AM
Come support local by stopping by Pioneer Park for your essentials this Saturday morning!
Shop with 20 of our amazing market vendors for products like artisan bread, fresh greek yogurt, olive oils and balsamic vinegars, locally roasted coffee, hand-crafted soda, pastries, and more. Preordering available from most!
Pick up breakfast, brunch, or lunch to go from Early Bird Coffee, Maya's Cajun Kitchen, Bored Baker Pizza Maker, The Fresh Flavor, and our newest vendor Chilte Tacos.
Social distancing practices are in place and enforced for the safety of our guests and vendors. Masks or face coverings required per mandate by the City of Mesa. We appreciate your compliance, we're in this together!
🚨 HOT On The Market 🚨
NEW LISTING - 2550 S Ellsworth Rd #385, Mesa 85209 - Las Palmas Grand | Amy Jones Group Copy
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ON THE MARKET - 14928 N 107th Way, Scottsdale, AZ 85255 - McDowell Mountain Ranch | Amy Jones Group
14928 N 107th Way, Scottsdale, AZ 85255 - McDowell Mountain Ranch | Listed by the Amy Jone...
UNDER CONTRACT - 11023 E Arbor Ave, Mesa, AZ - SIgnal Butte Manor | Amy Jones Group
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