Are We Home Yet?

Riezl Baker  |  January 5, 2021

Are We Home Yet?
To say that 2020 has been an unprecedented year is an understatement. The pandemic has impacted every industry including real estate in our area where a surge of activity resulted in a record-breaking year with over $892 million in sales volume (per Lake Country Board MLS data)
 
The key trends we saw this past year were:
 
  1. The rise of remote working fueled migration from urban areas into our community.

  2. Bigger is better. Families who were stuck in closed quarters upgraded to larger homes with more room to roam.
 
  1. Vacation homes have become primary residences providing the ultimate “staycation.” Pools, outdoor kitchens, and amenities became hot trends as the pandemic drove the emphasis to spend quality time together.
    1. From cabinets to cubicles. Home offices and virtual learning spaces for children have become priorities.
    2. COVID fueled the rise of multi-generational living and family compounds.

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