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 four fun-filled events happening around the Valley!
July 2020 was a very active month for closings, up almost 13% compared with July 2019. All those closings have caused the number of listings under contract to decline 8% since last month, but the total remains very high for early August and it is up nearly 16% compared with August 2019. We can conclude that demand has not only recovered from the COVID-19 pandemic, but has reached heights that make it very strong by any historical standard.
We should all know that when supply is low and demand is high, prices will rise. They certainly did that with a vengeance during July. The monthly average price per sq. ft. rose 4.5% during just 31 days, something we would think quite normal if it were an annual increase. This happened during a summer month, making it even more remarkable, because summer months are usually rather weak for pricing, even in strong markets.
The same thing show up in the median sales price - up 3.3% in a single month, and up 12.5% for the last 12 months.
Appreciation rates are now well into double figures, something which we have not seen for 6 years.
Despite the rise in new listings, the environment is extremely unfavorable for buyers. Not only do they have to contend with prices rising at an unusually high rate, when they do find a house on which they would like to make an offer, they will probably find dozens of other buyers with exactly the same idea in mind.
We do not see things improving for buyers during August, and most sellers can get away with being pretty much as unreasonable as they wish to be. Frustration, tension and stress are the order of the day.
The market will not stay like this forever, but there is no immediate sign of a change in direction. We will consider the chances of a sea-change this time next month.
Cruise The Zoo - Phoenix
Saturday, August 8th at 7:00 AM
Stay cool cruising the Zoo!
Cruise the Zoo allows guests to view a variety of Zoo animals such as flamingos, giraffes, elephants and more while maintaining safe social distancing measures.
Tickets (including food, beverage, souvenir gifts and photo options) must be pre-purchased online. There will be a limit of 450 tickets sold per day.
Peak arrival time for Cruise the Zoo is 10 a.m. We recommend arriving earlier to enjoy the cooler temperatures, more active animals and to help facilitate a steady flow of cars.
Once a limit is reached on a particular day, interested guests must select another day.Tickets can be used anytime beginning at 7 a.m., but the last vehicle MUST be in line at 11 a.m. Vehicle size must be no larger than a full-size long bed truck. Max vehicle specs are: 266″ L x 81″ W x 74″ H.
Farmers Market - Chandler
Saturday, August 8th 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
Bahama Bucks - Anniversary Celebration
Saturday, August 8th at 10:00 am
Please join Bahama Bucks out at our Power rd/Baseline location for our 14 year anniversary party! (Saturday, August 8th) Up to our LARGE shaved ice will be priced the same as our baby size, and Avalanche and Everest just + $1! Thank you for another wonderful year! Feel free to invite and tag your friends!
They would ask our guests to please wear a mask, and to SNOcial distance while in the shop. Symptomatic persons are prohibited from entry.
Paddleboard Surf & Yoga - Chandler
Saturday, August 8th at 8:00 AM
The coolest Class in town! Workout ON the water and just jump in if you get hot! All levels welcome, pre-registration is required. Class size is limited to 20 through July 27th.
LIVE on Facebook - Home Selling Solutions with Dan White
Wednesday, August 12th at 12:00 pm - LIVE on Facebook
Welcome to our newest series - What to do when you sell Wednesdays!
On Wednesday, August 12th, we will be joined by Dan White with Fairway Independent Mortgage to talk about all of the different options to release the equity in your home.
Topics Include -
401k Distribution & Recast
Creative Options to Put Your Equity to Work for You
VRBO as an Alternative to Contingent Offers
Staycation While Home Being Showed
🚨 HOT On The Market 🚨
🏡 Know Your Home Value
😲 In Case You Missed It!
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