Veronica Bowling Real Estate - Royal LePage

Let's Talk: Real Estate Predictions 2021

Most of us can agree that the Real Estate market is a bit unsettled right now. Various Real Estate minds seem to contradict each other but one thing we can agree on is that 2021 is going to be an unprecedented year.

2020 created an interesting group of buyers and sellers. Owners began spending a lot of time in their homes and suddenly all the issues that had been lingering at the back of their minds were now at the forefront every day. Lack of space, home office and backyard were on the top of the list of complaints. As a result, condo sales took a definite backseat to detached homes and townhouses. With the uncertainty of the pandemic, sellers also began to postpone selling their home which reduced inventory and put upward pressure on price.

2021 has hit the road running with a smoking hot market. Buyers were ready to buy! Multiple offers, subject free transactions and cash deals are consistently making appearances at the negotiating table and we are still seeing condo prices take a hit from 2020. Let me tell you, buyer's agents are WORKING HARD at the moment.

It's unlikely that the promises of a vaccine will return everything to normal by 2022. Sellers are taking a cautious approach to selling their home. As a result of the uncertainty of the next year, we are likely to see a continued upward pressure on price and limits on inventory while the world works on returning civilization back to homeostasis.

So if you're looking to sell, now might be the best time for you to maximize profits.
Buyers, you're likely to pay a bit more at the moment, however prices may continue to go up through 2022. There are some savings however in the form of very low mortgage rates which makes jumping on the homeowners bandwagon attractive. Additionally, if you have the wiggle room to be patient, working with a great agent will still snag you a great deal.

What are your thoughts on the current market? Are you thinking of buying or selling in the next year?
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My Star, how are you 5? You jumped into today before I was ready but you did so dancing, painting, laughing, loving with your big heart.

I remember standing in the doorway of your first bedroom, in the basement suite of your Babcia’s house. The sun was beaming on you and you were strumming your first concert on the doorstop of my closet. I think it was just a moment ago that you were holding on to my hair, hiding behind it. You were shy and fearful of people, cautious of who you gave your love to.

I turned around for just a moment only to turn back and there you were standing in front of me a little lady. Your blue eyes became so confident and your hair so long before I could take a moment to scoop you up and hold that baby one more time. Your heart has grown so big and your imagination is a wild jungle of magic and endless possibility.

You are so loving, so creative, thoughtful, sensitive and wild. The scratches on your knees are a map of your fearless adventures and it doesn’t matter what pretty outfit I put you in, you return a wild haired woman of sunshine and sand and mud and joy.

You’re almost getting too big for me to carry you now and you’re two shoe sizes away from sharing shoes with me but I am only growing more in love with you every day. I am so proud of you.

I’m so lucky to be your mama kiddo.
Happy Birthday Natalia.

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