I’m sure glad to see 2020 in the rear view mirror! What a year of loss, distress, uncertainty & changes! Yet as with many tragedies there have been some Blessings. I think we have grown closer to our families and friends and certainly “Home” has taken on new meaning & importance. The great recession of 2008 was started or caused by a huge real estate bubble. The pandemic recession is being saved by real estate sales.
2020 was definitely a year to remember. The first half filled with fear & uncertainty and the second half a blur of activity & challenges. First, as you can see the average sales price jumped almost 10%! Much of that increase has been caused by the uptick in new construction costs I believe but existing home sale prices have gone up as well. The number of sales is up significantly, a result of the surge in sales from July to the end of the year. The industry made huge transitions and I think responded amazingly well to all the turmoil. Days on market are down considerably as well.
“CORE AREA” Residential Sales – Average Sold Price & # Sold Last 10 Years
If you or anyone you know has ANY thoughts of buying or selling real estate in 2021, let’s connect to talk about the opportunities available in our market and how to reach your goals.
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Call or text Dave now at 907-863-7289
Call or text Travis now at 907-575-6779