Welcome to the very first edition of the Phil Tibi Group Newsletter! Thank you for joining us here. We've designed this email newsletter as a means to stay connected with you, our appreciated clients, and to keep you informed about the latest developments in luxury real estate.
In honor of November and Thanksgiving, this is a special month where we express our gratitude for your support. In this edition, we're excited to showcase a stunning featured listing in the prestigious Biltmore area, the latest market stats, and details on our special November gratitude giveaway. Thank you for being here.
- The Phil Tibi Group
FEATURED LISTING
Welcome Home
6701 N Scottsdale Rd Lot 26
3 bed | 3 bath | 3,179 sqft
Welcome to your stunning Spanish-style home in the coveted Cuernavaca community.
Situated just across from the upcoming Ritz Carlton Resort, Fendi residences, and the luxurious Palmeraie Mall, this gated gem offers proximity to fine dining, shopping, and entertainment. Completely remodeled in 2021, it features a spacious open kitchen, perfect for entertaining, a serene backyard with a private pool, a master suite with mountain views, a guest suite with a full bath, and a flex room currently being transformed into a bedroom with its own bath.
Feel free to reach out for more information or to schedule a private tour.
In the Phoenix real estate market, October saw a significant rise in mortgage rates, impacting demand and causing a drop in pending listings and monthly sales.
However, new listings have started to stabilize supply levels, shifting the market towards a more balanced state. Despite this change, the average closed price per square foot increased by 3.4% in the last month, while the median sales price remained relatively steady. The Federal Reserve's decision not to raise the Federal Funds Rate in November led to a sudden drop in mortgage rates, potentially stimulating demand. The new home market remains robust due to limited resale supply, resulting in faster price increases. The focus now is on whether buyers respond positively to rates below 7.5% in the coming month.
As always, we want you to know that we are here for you ready to help you make the best real estate decision for your unique needs.
As Thanksgiving approaches, the Phil Tibi Group wants to express our gratitude for trusting us as your real estate advisors. What better way to do so than by giving back to our amazing clients with a special Thanksgiving Gratitude Giveaway!
GIVEAWAY PRIZE:
Three lucky winners will receive a $150 Gift Card to Buck & Rider. Our team’s local favorite restaurant for raw bar fare, meat dishes and craft drinks offered in a stylish dining room with patio seating.
Here's how you can enter:
Share Your Thanksgiving Story:
Email us what you're thankful for this year. Whether it's a heartwarming memory, a cherished family tradition, or an act of kindness. Email: Phil@TheTibigroup.com.
The giveaway will run until November 17th and the 3 lucky winners will be chosen on November 20th.
