I Want to Sell and Build!

– Troy’s Market update for May 2021

What can I say, it’s May 2021 and IT’S A SELLERS MARKET! Last year during the months of March and April the new listings went down substantially due to COVID shutting down a lot of activity.  As you know those months along with May are some of the strongest months of the year for new listings.  This year has proved to be a strong comeback with new listings for April being higher than any month over the last 15 (except July 2020).  
Believe based on our conversations that we are going to see an increase in new listings over the coming months for one main reason, the prices are so good, some people who have been reluctant to sell just can’t pass up the opportunity.  Many of those buyers are going to choose to go the new build route for the assurance of having a place to go and a (relatively) set timeline. 
As I mentioned in my video, the new build process has changed significantly in some ways depending on the builder and the community compared to even 6 months ago.  It’s imperative that you have an experienced agent to help you through the complexities of the new process and also to wade through the layers of charges, including things like lot premiums, ever increasing option prices (due to material costs jumping in some cases 1,000% compared to one year ago) and new builders coming to town with untested products.  All of these things and more make it important for us to connect BEFORE you go and visit the builder to ensure you are able to be represented by someone who has your best interest in mind instead of the builder’s best interest.  
Please reach out if you would like to discuss how the market impacts your current home or a home you are potentially looking at purchasing.  We would love to chat, even if you are just curious.  Thanks again for checking out our newsletter and blog, don’t forget to subscribe to get immediate access to our latest content!