Real Estate Market Update

First half of 2020 shows sales growth over 20% compared to 2019 in the local market place.

Since March we are living in unprecedented times with many changes including an economic shut down. While many industries were put at hold for conducting business, Construction and Real Estate Services remained active. +

It was unknown how the consumer was going to behave during a health crisis —however, to our own surprise, at Jack Chivers Realty we have sold significantly more properties during these times.

In the local market area we have sold and closed 20% more recreational real estate properties compared to 2019 which is an indicator of a very strong real estate market with buyers willing and able to execute a luxury purchase.

On top of that, we have seen many properties sell within 24 hours after listing. Buyers are ready to pull the trigger quickly. Sellers have an advantage with low inventory and may receive multiple offers depending on location and the right price.

The 2020 month of July sets a record in sales for the history of the company. We are happy to report that despite economic challenges in the nation we seem to have a very strong consumer base and local real estate market.