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Will This be the Biggest Summer in History?


"I believe we’ll see more transaction volume

over the next 18 months

than we did over the last 18 months.


I believe this summer

will have more real estate activity

than any summer in the history of real estate."

- Robert Reffkin, CEO of Compass

Here’s Our Take:

  • The real estate market has already hit bottom and started bouncing back. Since the start of COVID and SIP, the market took a *very* short dip in terms of new listings, and sales. However, we are beginning to see things trending upwards as we enter the Summer Market.
  • Catastrophes create movement. "After 9/11, things froze in NY for three months, but when it bounced back, it was bigger than ever before. People who were living downtown wanted to move uptown. People who lived in Manhattan who wanted to live in other boroughs. People in all of New York City who wanted to move to New Jersey or Connecticut. It created movement — and this moment will be no different." We are seeing what could be called a "reshuffling" of homeowners. With the introduction of virtual workspace, people are realizing they can work from ANYWHERE. Areas or communities previously ruled out due to commute are now in the picture. People are beginning to reevaluate their locations, and home/work/ life balance.
  • Your clients have never been so intimately aware of the inadequacies of their home.  “Do you have enough indoor space? Outdoor space? Bedrooms? Do you have the right home office setup? If the answer to any of these questions is ‘No,’- give me a call :)
  • Buyer demand is strong. "Buyers are seeing record-low interest rates, and have a sense that now’s a good time to get a good price. I don’t know a buyer who’s saying, “Let me wait two years to lock in a really good price.” It’s still to be seen whether this increased demand is larger than the impact of the 20 million Americans who’ve lost their jobs in the last two months. But looking at the data, our company’s client base has disproportionately not been impacted economically."
  • Summer is the new spring. Summers are historically slower because a lot of inventory sells in the spring, and because many people are on vacations. Not this year. The spring market wasn’t eliminated, it was deferred. That inventory is still going to come. And everyone’s canceling their international vacations.

 

Although these are unprecedented times, we are seeing strength being put back in the market, with much more momentum towards steady increases and growth.


We are Still Here for You!

 

We are still here working hard for YOU

Here is how we are being here for our clients, while also staying compliant:

 

1. Virtual Meetings - We are hosting virtual buyer consultations and listing appointments via Zoom. This allows us to be "face-to-face," while also maintaining a safe physical distance.

 

2. Virtual Home Tours - Have a home to sell or want to buy? We are offering virtual showings and home tours so you can still tour the properties you love.

 

3. Interactive Video Showings - We can take buyers on a virtual journey through a home with sight, sound, and motion. Get all of your questions answered in real-time, just like an in-person Open House!

 

4. Virtual Neighborhood Walks - Take a tour of the neighborhood with virtual neighborhood walks so you can get a 360 degree neighborhood video showcase.

 

3. Live streams - We are doing Live streams on our Social Media platforms with different guest speakers, so you can ask questions and stay informed during these unprecedented times.


 

Thought of the Month

What if 2020 isn't cancelled?

What if 2020 is the year we've been waiting for?

A year so uncomfortable, so painful, so scary, so raw --

that it finally forces us to grow.

A year that screams so loudly, finally awakening us

from our slumber.

A year we finally accept the need for change.

Declare change. Work for change.

BECOME THE CHANGE.

A year we finally band together, instead of pushing each other further apart.

 

2020 isn't cancelled, bur rather

the most important year of them all.

 

~Leslie Dwight



Exclusive Listing

 

400 Mariners Island Unit 323, San Mateo 94404

3BR, 2BA| 1,208 Sq Ft

Virtual Tour

 

 

 

Olivia McNally

Real Estate Specialist | The Peninsula & S.F. Bay Area

McNally & Associates/Compass

650.576.6666

DRE# 01972985

Compass DRE: #01272467

DREAM+HOME


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