Real Estate picks up!

I’m glad that I thoroughly enjoyed the forced vacation because I’m busy again. As the lock down has relaxed buyers have started to come out in force. The new reality of working remotely has also encouraged folks to make the move; many would have had to wait until retirement but can move ahead now and live the life they want in a rural setting. I went from no activity to two escrows in one week. Whew.

What we are lacking is more inventory. There have been few new properties put on the market recently, only about four in the past month. Some of the properties on the multiple listing service have been there for months. Of course, many of these properties are priced over $1,000,000. In fact, of the 18 residential properties listed, half are over $1,000,000 and half of those are over $2,000,000. Of the nine under one million, three of those are in escrow.

Besides actually working, I’ve mostly continued to stay home. I’ve been able to get out on my bike a few times; I set a goal of 30 miles a week and I’ve met that the past three weeks (well, last week I only did 27 but I made up for that in vertical feet of climbing). We had a nice, socially distanced Memorial Day BBQ in the vineyard and threw a baby shower via drive-by as well. The latter was a lot of fun - many folks made it up the hill to honor the mother-to-be and decorated their cars. It was very festive.

If you’ve been on the fence about listing your property and it’s not one the high end, now is a good time. I don’t think adding more high end inventory is a great idea right now, but the mid- and lower-range is seeing a lot of activity. I’m happy to discuss this personally with you when you’re ready.