Real estate in sweatpants
I’m not in denial. Spring is normally real estate’s happiest season, and I accept that things are not normal. The market feels as if its in a trance, like it is in real estate sweat pants eating real estate Doritos binge-watching real estate Netflix.
But, feelings deceive, and headlines catastrophize. When I look at facts, at what is happening in my business, at my Coldwell Banker office, and on the Sacramento MLS, I see life. People are selling and buying houses despite our collective malaise.
What I’ve seen with my own eyes between April 1 and April 22, 2020:
- 3 luxury transactions closed for my amazing clients
- 2 of those transactions were contingent with jumbo loans (over $569,000)
- 266 single family homes went pending in downtown Sacramento and surrounding areas
- 124 new listings went into the Sacramento multiple listing service (MLS)
- 24 new listings priced between $250,000 and $1.5 million came from my CB Sierra Oaks office (go team!)
- 1 of my favorite new agents had his buyers’ offer accepted on a $500,000 home in Carmichael (go Chase!)
- 25+ clients and friends have enlisted me to track the market and help build their “bounce back” plans.
Just for today, let’s not compare April 2020 to the dizzying Aprils of the past. Like kicking ourselves for not buying shares in Zoom and Kimberly Clark, it doesn’t help. I propose we be rational and embrace today’s victories as we move forward with the facts.
More on the Sacramento market: www.sacramentoappraisalblog.com/