RE Market Report April 2020

   Single Homes (Single, CCT, AH)

                                    YTD2019     YTD 2020      % Change

            New Listings         4,862             4,429                 – 8.9%

            Pending Sales       2,768             2,901                + 4.8%

            Closed Sales         2,136             2,328                 +9.0 %

The RE Market Report April 2020 for the last 4 months of 2020 vs 2019 shows us the balance of supply and demand because both buyers and sellers are in check, in spite of the crisis and less homes available but there are also less buyers.

Now, as we have been quarantined for the last 8 weeks it has impacted most aspects of our lives and we are now face with a prevalent and valid concern, to keep ourselves, our families and protect each other from this terrible invisible enemy.

So, Fortunately looks a glimpse of light is appearing at the end of tunnel as we listened to the authorities and experts in regards to the numbers related to the pandemic illness mderating or coming down a bit but, as per the authorities we’re still no in safe territory so, they have extended the shelter in place till the end of May as we speak.

Hopefully so, we wish all of you to stay safe and healthy and thanks all those out in the trenches working amid this situation, specially the health professionals in the front lines.

However, the concern might go on for a while, therefore the safety protocols and guidelines adopted might become part of our new norm at least for the foreseeable future.

Now more than ever is necessary to adopt the virtual processes and effective online marketing strategies
That allows us to move on should you need or want to do so.

The main assets identified to bring the best results according to buyers surveys among buyers and sellers
Are: 

• Virtual tours of the property:  Matterport/3D and Floor plans, Professional virtual tours, visual slide shows, (Using Skype, Facetime, Bombomb)
• High quality photography (HD photos, enhanced view Boxbrownie app)
• Detailed,. Accurate and well written information about the benefits/features of the property (Realist App, Aminstitute.com)
• Detailed, accurate description of the neighborhood (Realist, Google, Points of interest)
• Agent led  video chats (Describing in a succinct, organic way the details about the home)
• Follow CDC guidance on social distancing and wearing face coverings

Bottom Line

These and many other tech resources effectively assist us in marketing your home at a time when there might be less  buyers but the ones still wishing to find their dream home are perhaps more capable and ready with less options due to limited listings coming on the market, therefore your property has less competition.

Now, those buyers can view homes from the comfort of their homes and procure a visit with their real estate professional through the phone or a virtual consultation because they are now ready to schedule an in-person viewing or talk about their options.   

Opening your doors up to digital approaches may be game-changing when it comes to selling your house. Let’s connect so you have a trusted real estate professional to help you safely and effectively navigate through all that’s new when it comes to making your next move.