Real Estate

Real Estate A Shifting Real Estate Market? By Holly Henbest, Realtor

We’re starting to see some shifts in the market. When I say shift, I’d like to emphasize that we aren’t seeing any major changes, but there low in inventory of homes for sale, a lot of people are hesitant to list their home for sale, because where will they go? Now, with more rentals becoming available, No one likes to be a loser and if you are a buyer and you’ve made multiple offers and never won, that gets old and depressing. So, some buyers are stepping back are small little shifts happening that show we are now heading toward a more balanced market. However, as we head toward that balance, it will probably be at least another year before we see any significant difference in the imbalance of supply and demand. So, don’t take this news for more than it is. A slight shift does not mean a bubble or a collapse of pricing. It is simply a few small steps toward a more balanced market. So, what are the small shifts? First, in April we saw an increase in “Coming Soon” listings. That means more homes are getting listed for sale and ready to hit the market. We also saw an increase in single family home rentals and a decrease in the price per square foot list price of rentals. I’d like to clarify what a reduction in the average price per square foot means. That does not mean that the average price of an individual home has been reduced or lost value. It really means that more lower priced homes have been listed. This is a critical item to understand. A lot of people assume that prices are going down when they see the average price per square foot decreasing, but that is not a direct correlation. It just means that more homes are being listed for a lesser price. That, however, is good news because it means there are more rental options coming available that are more affordable. The reason it’s good to see more rentals available at a more affordable price is because it will allow people who want to move to have more options. Therefore, more people may list their home for sale since they are now more comfortable knowing that more rental options may be available for them to live in while they wait to find a home to buy. This is a very common tactic for people who want to move: sell your house, move into a rental, and then buy a home when the right one comes on the market. With the market so there are more options, so it should help to get more sellers off the fence and their homes listed. With the market so competitive for buyers, it’s also important to have fewer contingencies in your offer, so if you need the money out of your home to put toward your purchase, it’s wise to get your home listed and sold prior to buying. Another option is to list your home for sale and then rent back from the buyer until you find a new home. It really depends on which option you’re most comfortable with. Another factor contributing to a more balanced market is interest rates. Interest rates are still relatively low but they have gone up over the last few months. Some buyers are more impacted by this than others, especially buyers in lower price ranges. Inevitably, some buyers have or will exit their search process because of interest rates. That means there are fewer buyers making offers. We’re still seeing multiple offers but the numbers have decreased. Another impact we’re feeling currently is buyer burnout. This has been a growing problem for the last year. from the emotional roller coaster and taking a break. However, it is likely that, after a break, they will want to return to the search process. The most significant impact to a balanced market will be more homes listed for sale. Ultimately people decide to move because life happens. People get married, have babies, retire, get relocated, kids go to college, incomes change, and all of those life events contribute to the need to move. People have put plans on hold for a long time between the pandemic and a tight housing market, but at some point, you just have to get on with your life plans and I think that’s what we will see more of in the coming months. Before you get all excited that the market is going to be stabilized and all will be back to a more “normal” state, please know that we are a long way away from normal, but we can appreciate the small shifts that are guiding us toward a more balanced supply and demand market. Do you have any questions about your home value or your neighborhood? If so, please reach out at holly@ henbest.com or 480-266-8785.

Holly has been a Desert Ridge resident since 2000 and has been a Realtor since 2006. She is the leader of The Henbest Team with Realty One Group. Holly is ranked in the top ½ of 1 percent of Realtors in Arizona and is a certified luxury marketing expert. She has been ranked #24 in the Top 50 Realtors by the “Phoenix Business Journal” for the past several years and recognized by “So Scottsdale!” magazine as a Real Estate Superstar for 2019, 2020 and 2021. She’s also been the #1 ranked realtor at Realty One Group/North Scottsdale for the past several years. Learn more at henbest.com.

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Cover Story Webb Plastic Surgery

An Experienced Local Plastic Surgeon with a Personalized Approach

PHOTO BY SARA WATERMAN PHOTOGRAPHY

Dr. Leland H. Webb, MD, FACS, knows that cosmetic procedures can be nerve wracking—he’s not only been the surgeon performing the procedures, but a patient in need of quality care. Because of his experiences on both sides of the operating table—and a belief that a personal, compassionate bedside manner comes before anything else—he founded Webb Plastic Surgery, a toprated practice with two Phoenix area locations ready to serve those interested in cosmetic procedures.

QUALITY PERSONABLE CARE “He [Dr. Webb] talked to me like a person, not a procedure,” says Aileen G., a recent patient at Webb Plastic Surgery.

At Webb Plastic Surgery, Dr. Webb, who is Board Certified by the American Board of Plastic Surgeons, offers everything from breast augmentation to tummy tucks, as well as facelifts and reconstructive surgery, just to name a few. With locations in both Phoenix and Paradise Valley, they serve patients across the Valley and are dedicated to precision, expertise, and compassionate care in all they do. According to his patients and Dr. Webb, it’s the personal approach that makes Webb Plastic Surgery stand out.

“I’ve had patients tell me that I ‘speak to them like another human being,’ meaning that I’m easy to talk to and talk to them like a friend would,” Dr. Webb shares. “I think that’s what really separates our practice from the rest—that personal touch and ability to see things from their point of view.”

Dr. Webb shares that he knows what it’s like to be a patient, so he takes that experience with him when it comes to treating his own patients. In 2012, he was in a debilitating bike accident that left him in need of reconstructive plastic surgery. “I remember laying there in the hospital and how helpless I felt,” he says. “My doctors were my friends, so of course they treated me like a friend and kept me updated like a friend would. I thought to myself, ‘Isn’t that what people want?’ To be treated on that comforting, relationship-based level makes all the difference in the world.”

“A lot of the time doctors can come off as very esoteric—as if they have this unapproachable air about them,” he continues. “For me, plastic surgery and being a doctor is a wonderful skill set that I have that can help people change their lives and feel better in their own skin. If someone is looking for a doctor who is worldclass trained and cares extensively on a personal level about their clients, Webb Plastic Surgery is the place to come to.”

EXPERIENCE AND CHARACTER THAT COUNT Dr. Webb founded Webb Plastic Surgery in 2020 after he served in the United States Air Force for 17 years, where he was a practicing surgeon for much of that time. He garnered his medical training from the world-class institutions of Vanderbilt University and Mayo Clinic. He is well-published in several medical journals spanning the disciplines of medicine and surgery and he maintains academic appointments at the Uniformed Services University of the Health Sciences and the University of Arizona.

“Starting my own practice was one of the hardest, most worthwhile things I’ve ever done,” Dr. Webb shares. “There’s a lot of unknowns and risks that come with establishing your own medical practice, but to know that I have that autonomy to build a practice based on values and ethics that are important to me is priceless.”

Building his own quality practice has worked out well for Dr. Webb as, since opening just two years ago, they have expanded to two offices and were honored on a list of the highest rated companies in Arizona by Top Rated Local.

“I believe that my passion for providing compassionate care and being relatable to patients comes from my extensive experiences in the military and moving around so much while in the service,” Dr. Webb shares. “I was honored to learn from and meet people that were different from me, and that helped me to truly value my own authenticity and figure out what is important to me.”

One part of his practice that makes Dr. Webb so relatable to patients is that he is a Desert Ridge resident, family man, and dedicated to the community. He runs the practice with the help of his wife, Sarah, who is his college sweetheart. He’s also a dedicated dad of two children, ages 11 and 12.

“Plastic surgery of course is often an elective, cosmetic procedure, but it can also be needed and reconstructive in nature as well,” Dr. Webb says. “Being able to help restore people’s confidence in themselves and, sometimes, even be credited for ‘giving them their life back,’ is so rewarding.”

Webb Plastic Surgery has two locations: 300 W. Clarendon Avenue, #440, in Phoenix and 5410 N. Scottsdale Road, C-100, in Paradise Valley. To learn more, visit webbplasticsurgery.com or call 602428-6320.

DR. WEBB AND HIS CHILDREN

This content is sponsored by Webb Plastic Surgery.

PHOTO BY SARA WATERMAN PHOTOGRAPHY

What Patients Are Saying

“Dr. Webb is literally amazing. I used him for a breast reduction and lift, and he crawled into my brain and gave me exactly results I was looking for—which I doubt another surgeon would have been able to do so flawlessly. Not only aesthetically are his results 100%, but with his background, you know if anything out of the ordinary or unexpected were to happen, he has the ability and demeanor to handle it. He is also incredibly accessible, and you don’t have to worry about not being able to get in touch with him if you need some reassurance, which is very important after having surgery. I would sing his praises to the moon and back.” - Ashley S.C. “I had a breast reduction performed by Dr. Webb and I cannot say enough good things about him and his staff. For a few reasons my surgery was a bit complicated, but Dr. Webb did a fantastic job. I healed flawlessly and my results are better than I ever anticipated. I truly felt like Dr. Webb listened to all my concerns and expectations and explained everything thoroughly throughout the entire process. His staff is also a pleasure to work with, which is a huge plus! I’m so grateful I was recommended to Dr. Webb by a prior patient of his, and I pass the recommendation on to everyone I can.” - Stephanie K.

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