at home
W I T H A N D R E A
J U L Y
WELCOME, SUMMER!
Summerhasawayofremindingustoslowdown,spend timewiththepeoplewhomattermost,andappreciatethe placewecallhome.Whetheryou'replanningafamily getaway,gatheringforIndependenceDay,orsimply enjoyingArizona'sbeautifulevenings,Ihopethisseason bringsyouplentyofopportunitiestorecharge
HereatAndreaGarciaRealEstateGroup,we'vehadan excitingstarttotheseasonaswell Oneofourbiggest celebrationswaswatchingourExecutiveAssistantand Realtor®,AlexiJao,marryherhusbandonMay23rd.It's beensuchajoycelebratingthisnewchapterwithher,and we'resogratefultohaveheraspartofourteam.
Asweheadintothesecondhalfoftheyear,theGreater Phoenixhousingmarketcontinuestofinditsbalance. Whileheadlinesoftenfocusonmortgageratesandhome prices,thereareseveralencouragingtrendsshaping today'smarket.Takealookatthisquarter'ssnapshotfora closerlookatwhat'shappeningacrosstheValley.
Asalways,thankyouforcontinuingtotrustuswithyour realestatejourney Whetheryou'rebuying,selling, investing,orsimplykeepinganeyeonthemarket,ourgoal istoprovidethoughtfulguidancethathelpsyoumake confidentdecisions
Andrea Garcia
MARKET IN FOCUS: FINDING BALANCE IN GREATER PHOENIX
foraffordabilitytoimprove,sellershavebeenwaitingforstrongerdemand,andhomeownershavewonderedwhy homevalueshaven'tappreciatedthewaytheydidjustafewyearsago Theencouragingnewsisthatsome meaningfulshiftsarehappeningbeneaththesurface.
Arizonaincomesarerisingfasterthaninflation,homevalueshaveremainedrelativelystable,andmortgagerates haveavoidedthedramaticswingswe'veexperiencedoverthepastseveralyears.Together,thesetrendsare graduallyimprovingaffordabilityandcreatingahealthier,morebalancedmarketacrossGreaterPhoenix.
Forbuyers,today'smarketofferssomethingthatwashardtofindjustafewyearsago:time.Homesarespending longeronthemarket,negotiationsarelesscompetitive,andsellersareoftenwillingtoofferconcessionssuchas closingcostassistanceortemporarymortgageratebuydowns.Whileappreciationhasbeenmodest,buyers planningtoowntheirhomeforseveralyearshaveanopportunitytobuildlong-termequitywhilepurchasingina buyer'smarket.
Forsellers,demandcontinuestobestrongerthanmanyrealize Listingsundercontractandclosedsaleshaveboth increasedcomparedtolastyear,demonstratingthatqualifiedbuyersarestillactivelyenteringthemarket Althoughsummerholidaysoftencreateatemporaryslowdowninactivity,limitednewinventorycontinuesto supportwell-priced,well-presentedhomes
Themarketmaynotfeelasfast-pacedasitoncedid,butthat'snotnecessarilyabadthing.Today'senvironment givesbuyersandsellerstheopportunitytomakethoughtfuldecisionswithlesspressureandmoreroomto negotiate.Thatsimplywasn'tpossiblejustafewyearsago.Asthemarketcontinuestofinditsbalance, preparation,patience,andawell-informedstrategyremainthekeystolong-termsuccess.
Whetheryou'replanningamovethissummerorsimplykeepinganeyeonthemarket,understandingtoday's conditionscanhelpyoumakeconfidentdecisionsforthefuture.Havequestionsaboutthemarketorreadyto exploreyournextmove?Contactmetodayat602.733.2278!
MARICOPA COUNTY at a glance
AstheGreaterPhoenixmarketcontinuestofinditsbalance,everycommunitytellsaslightlydifferentstory. ExplorethissnapshotofresidentialmarketactivityacrossMaricopaCounty,andifyou'recuriousaboutwhatthese numbersmeanforyourneighborhood,I'dbehappytohelp.Contactmetodayat602.733.2278.
LOCAL SPOTLIGHT | DI MAGGIOS
LocatedintheheartofMcCormickRanch,DiMaggios bringsanauthentictasteofItalytoScottsdale.Every dishismadefromscratchusingtraditionalrecipes, withmanyingredientsimporteddirectlyfromItalyand acommitmenttocookingwithoutseedoils.
FromhandmadepastatoclassicItalianspecialties, eachmealreflectsapassionforqualityingredientsand genuinehospitality Whetheryou'replanningadate nightorgatheringwithfamilyandfriends,DiMaggios offersawarm,invitingdiningexperiencethat'swell worthdiscovering.
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dimaggiosrestaurant.com
NEIGHBORHOOD HIGHLIGHT | MCCORMICK RANCH
OneofScottsdale’soriginalmasterplannedcommunities,McCormickRanchknownforitsmaturelandscaping, sceniclakes,andmorethan25milesofinterconnectedwalkingandbikingpathsthatcreateapeaceful,resort-like settingintheheartofthecity.
Residentsenjoyalifestylethatblendsoutdoorrecreationwitheverydayconvenience.Championshipgolfcourses, tennisclubs,waterfrontdining,boutiqueshopping,parks,andfitnessstudiosarealljustminutesaway The neighborhoodisalsoideallysituatedwitheasyaccesstoOldTownScottsdale,ScottsdaleQuarter,Kierland Commons,andtheLoop101,makingiteasytoenjoyeverythingthecityhastooffer
McCormickRanchisespeciallybelovedforitssenseofcommunity.Throughouttheyear,neighborsgatherforlocal events,enjoymorningwalksaroundthelakes,andtakeadvantageofthearea'smanygreenspaces.The combinationofestablishedtrees,widestreets,andbeautifullymaintainedhomesgivestheneighborhooda warmthandcharacterthat'sincreasinglydifficulttofindinnewerdevelopments.
Whetheryou'researchingforapatiohome,waterfrontproperty,oraspaciousfamilyresidence,McCormickRanch offersadiversemixofhousingoptionstosuitavarietyoflifestyles.Itstimelessappeal,centrallocation,and enduringdesirabilitycontinuetomakeitoneofScottsdale'smostsoughtafterplacestocallhome.
Ifyou'vebeenwaitingforthe"perfect"mortgagerate,youmaybewaitinglongerthanexpected Whileratescontinue tofluctuate,today'sbuyershaveadvantagesthatweren'tavailablejustafewyearsago,includinggreater negotiatingpower,sellerconcessions,temporaryratebuydowns,anddownpaymentassistanceprograms. Ratherthantryingtoperfectlytimethemarket,themostsuccessfulbuyersfocusonfindingtherighthomeand financingstrategyfortheirgoals.Ifratesimprovedowntheroad,refinancingmayalwaysbeanoption.Readyto exploreyourfinancingoptions?Callortexttodayat480.735.9030.
CURRENT MORTGAGE RATES
*Numbersreflectdataon63026 Ratesshownareexamplesandsubjecttochangebasedoncredit, program,andmarketconditions
