Despite the changes resulting from COVID-19, people throughout Colorado continue to search for, and purchase, their next home. The Colorado Association of Realtors reports "record-setting pending sales," sight-unseen purchases through virtual open showings, "record-low inventory," and "cautious optimism" for a delayed selling season.
According to the Colorado Real Estate Journal, 2020 sales are projected to increase by 2 percent, low interest rates are expected to continue through 2020, and new supply enters the market at a much slower pace.
This is great news for people moving to Wind Crest, an Erickson Living-managed community in Douglas County, Colo., where, in May, single family home inventory was down 30.7 percent from the same time last year. Inventory supply is at a low of only 1.8 months, down more than 30 percent from May 2019. Low interest rates aid in buyers' ability to afford a mortgage. Combined with low inventory, it's a prime situation for sellers.
Prospective Wind Crest community members are further aided by a team of experts in the moving process, led by Wind Crest's Personal Moving Consultants Beth Brandenburg and Sandy Woudstra.
"Beth and Sandy help simplify downsizing and moving," says Sales Director Krista Wagner. "People are eager to take advantage of the benefits of an active continuing care community like Wind Crest, but sometimes struggle with making the move because of all their 'stuff.' That's where Beth or Sandy comes in."
Even during a time when meeting face-to-face hasn't always been an option, Brandenburg and Woudstra develop a plan of action with each person moving to the community to remove the daunting hurdles that often surround a move. They recommend preferred real estate agents and senior move managers and coordinate the general logistics of moving to Wind Crest. All of these professionals use both technology and approved safety measures to help their clients.
"I have been so impressed with the resiliency and creativity of our trusted realty and moving partners in helping our community members move to Wind Crest during this unprecedented time," Brandenburg says. She and Woudstra have been especially busy the past year as Wind Crest has opened new residence buildings in its third and final neighborhood. Even as the country faced COVID-19, Wind Crest helped several people move in earlier than expected because they felt safer at the community than in their house.
Monroe and Caroline Mackey moved to Wind Crest this May. Although they had originally been scheduled to move into a brand-new apartment home at the new Quincy Point residence building in the fall, "When COVID-19 hit, they called and asked us what we had available now because they didn't want to wait and knew they would feel safer at Wind Crest," says Brandenburg.
Considered essential employees, real estate agents throughout Colorado continued serving their clients throughout the pandemic with certain restrictions and precautions.
While in the past, real estate agents relied on a combination of photographs and online tours when listing a new home for sale, in recent months, they've found new ways to use online connections. Digital tools such as FaceTime and Zoom enable them to meet with clients virtually and make it possible to provide virtual showings. Even the closing can be conducted remotely.
"Because people assumed this would be a bad time to sell while interests are low, we are actually experiencing an all-time low of inventory," says Wagner. "What's actually taking place is that homes are selling faster now and for higher prices. It's a great time to list your house.
There's never been a better time to move to Wind Crest! Our personal moving consultants are ready to help you achieve your goals. Connect with us today to get started.