September 2023 Newsletter

 

With Fall upon us the Phoenix and Scottsdale areas start coming to life!  The paradox of living in the desert is that we often hibernate during the intense summer months and can’t wait to get outside as soon as temperatures dip.  We often see in October and November people out looking for houses again, and it can be a great time to buy and sell before the holidays get into full swing.

 

If you are thinking about selling, reach out and we can map out a very strategic fall plan for getting your house sold.  A few things our team offers that others don’t:

 

1. Staging designer for one hour to help declutter and stage your home for pictures
2. Drone photography and video to highlight amazing outdoor living areas
3. Paid-for pre-inspection to address any issues before you list so that you can close quickly and with less stress during the holiday season.

For our complete Seller’s Guide reach out to [email protected] and we’ll send one over!

 

Historically, summers in the Scottsdale area tend to produce a slightly stagnant market.  Families are getting settled back to school, and  luxury sales decrease as we don’t see our second home visitors typically until October or November.  Price per square foot reflects that leveling out on the chart below.   What we are excited about for our sellers is that prices have increased 6-8% over the past 8 months and Cromford Report is forecasting another 2% increase in October.  Buyers are still out there, and acclimating to higher interest rates.

 

From a buyers perspective, it could be a good time to get into the market.  As the Cromford Report says: “Waiting for the perfect home, at the perfect time, at the perfect price and the perfect mortgage rate is an exhausting and futile endeavor. The reason being that when all the perfect boxes are checked off, there is a line of competing buyers that make the experience… well ...less perfect.”  Right now we have - less competition from other buyers and favorable pricing that is forecasted to only go higher.  As soon as interest rates start coming down, a buyer can refinance.  But if you aren’t in the game yet when that does happen, the flood gates will open and you’ll be competing against all the other buyers who waited.

It’s Fall finally! Temperatures are dropping and it’s time to get out and about with some fun events around the Phoenix and Scottsdale areas.

 

 

1. AZ State Fair - open from September 28th through OCtober 29th.  The largest fair in Arizona with rides, games, tons of food, rodeos, music, and all the good stuff.  Indian Fry Bread, anyone?
2. AZ JaZZ Fest - Dubbed the best smooth jazz experience in the U.S. this year hosts an awesome lineup.  Running October 20th-22nd.
3. First Fridays Art Walk in downtown Phoenix kicks off on october 6th.  The first Friday of every month, walk the arts district and experience food, performances and of course, lots of art!
4. Sting: My Songs 2023 will be happening at Arizona Financial Theatre on October 9th.  The legendary artist will be here for one evening along with special guest Joe Sumner. Visit www.Ticketmaster.com  for tickets.
5. 12th Annual Dia de los Muertos Festival on October 29th at Steele Park in Phoenix.  Vendors, food, performances and an amazing cultural experience.

Check out this pre-foreclosure home in the highly coveted Moon Valley area of North Phoenix.  Surround by mountain views and hiking trails, this home is situated on ¼ acre lush lot.  Priced at $559,900.  A similar home recently sold on the same street for $740,000.  For more info click here, and to schedule a tour, reach out at [email protected].