At this time last year, I don’t think any of us had an inkling of just how much our lives were about to change. A few weeks of lockdown, maybe a couple of months and things would go back to normal. One year later, and those initial hopes of “just putting our heads down and getting through this quickly” seem like they were made by someone living in a completely different dimension.
And, yet.
Here we are, a year later. It feels like a minor miracle that we have arrived at another Spring. A light at the end of the tunnel.
In April 2020, the number of home sales at the start of the (normally busy) Spring homebuying season was down due to the pandemic. This year, “the California housing market closed out April on a strong note, with home sales poised to accelerate on a year-to-year basis…Demand remains high, fueling the highest price-to-list-price ratio (102.2% in March 2021) C.A.R. has recorded in two decades” (source).
After reviewing 2021’s first quarter housing data, projections for 2021 home pricing are even higher than initially projected. After some speculation that we might see price appreciation slow dramatically this year, today, experts believe home values will remain strong throughout the year (source).
As we continue into this Spring season, I am mindful of all the lives we lost on the way here, for all who mourn loved ones. I am grateful for the frontliners and medical professionals who have made this new normal possible.
May this new season be a time of healing and renewal, of re-entry and reunions. May we all reawaken to the world around us and see it all with fresh eyes.
- Michelle
Helpful Home Tips
SIMPLE UPGRADES THAT MAY INCREASE THE VALUE OF A HOME FOR SALE
A few DIY cosmetic upgrades can drastically alter the appearance of a home and help catch the attention of interested buyers, increasing your return when the home goes from ‘for sale’ to ‘sold.’
TOP REASONS WHY HOUSES FALL OUT OF CONTRACT DURING A SALE
Here’s why buyers may back out of a contract on a house, and how real estate agents say buyers and sellers can be better prepared for a smoother closing.
YEP! A RE/MAX AGENT LISTED THAT HOUSE
From historic landmarks to celebrity pads, RE/MAX agents have represented some of the most unique properties around the world recently. Here’s a look back at a few of our favorites.
Market Update
Solano County Trends
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California Trends - March 2021
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