You made it. It's finally 2021.
Take a deep breath, close your eyes for a few seconds, and congratulate yourself on getting through the last year. Although we may not be out of the woods yet, progress is happening and for that, I'm grateful and excited.
Market Trend - December 2020 Highlights
In this unprecedented time, the real estate market has continued to be strong. Until inventory can increase, the fast-paced market will continue. There is not enough homes for sale for the amount of buyers.
Usually, December is when sales slow down a bit due to the holiday season but we had a strong December activity, which brought the 2020 home sales to total back in line with the region's long-term annual average.
As the REBGV Chair, Colette Gerber said,
"When the pandemic began in March, the housing market came to a near standstill. We knew, however, that shelter needs don't go away in times of crisis, they intensify."
As we all continue to tackle the day-to-day changes due to the pandemic, the real estate community has been working closely with the public health officials to make sure we are taking the appropriate precautions and protocols.
As we move into 2021, determining the home price trends will depend on the supply of homes for sale.
On the chart above, the MLS® HPI is a more stable price indicator than average prices because it tracks changes of "middle-of-the-range" or "typical" homes and excludes the extreme high-end and low-end properties. So the prices of detached single-family homes increased by 10.2% the past month and the townhouses and apartments increased by 4.9% and 2.6% respectively.
We knew, however, that shelter needs don't go away in times of crisis, they intensify..."
There was a 53.4% increase in sales compared to December 2019. Usually, December is the quietest month of the year in real estate but due to the pandemic, the sales outpaced the long-term averages. Contact me if you want to know how much your home is worth!
Everyday Heroes: Denise Darby Fitness - Corrective Movement Specialist & Yoga Teacher.
Denise Darby, an exceptional yoga instructor who adapted during this pandemic by doing private or group zoom yoga classes! I love taking her classes!
Denise Darby Fitness - Corrective Movement Specialist & Yoga Teacher. If you need some self-care in your life, join one of Denise's online classes. You will have a blissful session.
Follow her on Facebook: "Denise Darby Fitness - Corrective Movement Specialist & Yoga Teacher"
Pay It Forward
Brighten Up Someone's Day
Buy food or a drink for somebody who maybe can't afford it or who you think may need it.
Next time you're grabbing some food or a drink to go, why not pay for the next person's drink or snack?
Show Biz
Netflix Series: The Queen's Gambit (2020)
Even if you are not into chess, this is a must-watch (more like a must-binge) 😋 This show follows the life of an orphan chess prodigy, Beth Harmon, and how she adapts to the world of chess.
One of the great lessons in this show is that it doesn't always pay to be independent. It's important to have great people in your life to support you.
Let me know if there is a way I can support you.
What My Fans Say
Heather really makes our home buying experience the SIMPLEST and SEAMLESS possible. She was highly recommended to me and working with her was the answer to our prayers and the BEST decision we made in our quest being first time home buyers. ~ Ryan M.
Other Stats
Click below to download the full JANUARY 2021 Newsletter!
Keep Smiling, 😊
Heather Chua