Hello Everyone and Welcome to the
1st Quarter 2020 Report for the Region!

The Quick Notes:

• The data spans 11 weeks of runaway Seller’s market followed with 2 weeks post-Covid shut down – thus, it’s not a great indicator of the market to come.
• The market is contracting, absolutely. In some regions more than others and more so in the higher price points v.s introductory price points. •    
• My crystal ball is suggesting a continued contraction of the market throughout the balance of 2020 with rallies along the way as COVID restrictions are reduced and businesses are able to re-open. 
•  Air BnB’s have taken a big hit, as have many commercial property owners. The duration of COVID lockdown will dictate how far those hits extend out into the overall real estate market and economy.  

If you have any questions or concerns about how a market downturn may affect you and the value of your home, please do not hesitate to call Mike or I. We are here to help and to put your mind at ease with a steadfast and honest look at the numbers and facts. 

For more details and numbers you can dig-in here:

These are unprecedented times, if you, or someone you know, are considering a move in Real Estate please give us a call. We would love to be of help.

Kindly,
Quentin and Mike
    519-823-6510          519-830-8066