Share to   Share to Twitter   Share to Facebook
Reply with Video


Dear friends,


Check out my newest video "Does it Matter"?  In this video I dive into two topics.


1.  How will the presidential election affect our local real estate market?

2.  Where do I see our local market headed as we draw closer to 2021?


While no one can be 100% certain, I've provided up to the minute data to support my thoughts on where I see the market going as we close out this crazy 2020 and enter 2021.  I'm curious to hear your thoughts?

                                              

Just the facts....


The amount of home sales in Montgomery have increased for five consecutive months.  This is virtually unheard of this late in the year.  Typically, I see sales peak in the months of April, May and June then taper off the second half of the year. 


All of this momentum from the last 5 months has created a major jump in home values.  Throughout most of the DMV, I am seeing nearly a 15% increase in home values since the beginning of the year.   This means if your home was worth $500K at the beginning of the year, most likely it's worth $575k today.  If you're a homeowner, congratulations you've made a lot of money.  


Here are the top 5 reasons why values have risen.


* Huge demand created by 2.75% interest rates allows incredible buying power.

*Home owners and renters more intimately aware of current homes inadequacies.

*Huge demand for private home offices and greater space in general.

* Huge demand for more outdoor space like decks, patios, fire pits and pools.

*Working from home allows people greater freedom to live where they want. 


Looking forward to 2021


There's no question I see a lot of momentum carrying us into 2021, but is this sustainable?  Will we see continued appreciation, or are we in for a crash?  Check out my insider insight.  


Considering a move in 2021?


If you are considering a move or would simply like to know the value of your home, click here to request a digital evaluation of your home.


Thanks once again for checking out my newsletter and video.  Please consider subscribing to my YouTube channel.  I post videos every Wednesday about life and real estate from my unique 54 year perspective.  


All the best to you and your family as we draw closer to the holidays.


Yours to count on,


Kevin



Kevin Grolig Home Team of Compass