Page 27 - WCA December Ketch Pen 2020

Out West Fencing LLC
Danny 509-859-4949
Ty 509-929-1370 outwestfencingllc@gmail.com
COVID-19 Impact: If I had been asked in the early stages of the pandemic how I thought the real estate market would respond, I could never have anticipated what unfolded this year. Property values continued to rise, and with low interest rates, buyers have remained plentiful. 2020 absolutely saw deals fall apart as a result of Covid-19, and buyers unable to move forward due
to unemployment or changes in their employment status, but in a market where inventory was already low, the impact was negligible. The last statistic I saw for residential increases in our local county was that home sales were up 14% from the same month a year ago.
This year was the first time that we found ourselves routinely in competitive offer situations on hobby farms and acreage property listings. I believe that there has been a shift in many people that is causing them to seek
a more rural lifestyle. In 2020 “home” became more than where you hang your hat, and I think that caused many people to become restless in their current living situation, driving more buyers to rural listings.
What does that mean if you are thinking about buying or selling in 2021? What I tell my clients is that this is a good time to buy or sell, if the process is well planned. Preparation and experience is key to the successful navigation of this market. Farm and AG properties often have more complex scenarios that can make the process feel overwhelming. I am always happy to answer any specific questions you may have and would love to have some input/questions for article topics!
Ketch Pen www.washingtoncattlemen.org
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December 2020