Veteran — realtor Delphine Jadot, aka Distinctive Delphine, shares her wisdom on the real estate market. She describes that 2020 was determined by countless people who stayed home. Social distancing preventive measures have made US citizens admire and realize the value of their home in their lives. With this kind of realization, many homeowners have developed a fresh perspective on homes and the housing market, in general. The challenges brought by social distancing and staying indoors have only got people to understand their homes better – what they like and dislike, and what are the things that need to be fixed.
Distinctive Delphine also elaborates on the transitioning from the corporate world to working from home. She says that working from inside the house only means that working or home office space and routines are needed to be established. To properly accommodate the needs of both working parents and children, houses require some renovations.
She explains that as people begin to adjust to remote working, many of them consider working from home a few days a week even if everything is back to normal. Many homeowners are also considering a more comfortable living than before, which means bigger indoor and outdoor areas. Home features such as working spaces, play, and recreational areas including a mini-gym have been noticed to be in high demand.
Distinctive Delphine then reveals that the September 2020 statistics have shown a higher house sales growth up to 9.4% compared to the previous month while prices were up15% across the country. She adds that in Montrose, Colorado alone, there were 103 homes sold in September of 2020 at a median price of $300,000. The houses stayed on the market for 98 days on average.
On the other hand, mortgage rates have set a new record low. The 30-year fixed-rate mortgage noticeably averaged 2.7% for the week ending November 19. While at the same time in 2019, this type of loans had a 3.7% average rate. This scenario only means that buying a new house is more affordable than before since low mortgage rates provide a lower monthly payment.
Heading towards the new year, prospects are becoming exciting. Vaccines would enhance optimism and a better economy, leading to a more stable housing market. Few of the transposition real estate agents are currently seeing will remain such as remote working, families wanting bigger and more adaptable homes. Large indoor and outdoor spaces, gardens, working spaces within the home have been seen to be in great demand.
To find out more about emerging real estate trends on the Western slope of Colorado, contact Distinctive Delphine online at firstname.lastname@example.org or call her at 970-393-2770.
About veteran realtor Delphine Jadot, aka Distinctive Delphine:
Distinctive Delphine is a veteran realtor based in Montrose, Colorado. She services all the surrounding areas which include Montrose, Olathe, Delta, Colona, Ridgway, Telluride, Cimarron, Crested Butte, Ouray, Cedaredge, and Gunnison. She had studied these areas carefully to be familiar with the neighborhoods, zoning, schools, and taxes. She also has a large clientele base looking to buy properties in the said areas.
Name: Delphine Jadot
Email: Send Email
Organization: Distinctive Delphine
Address: 2023 S Townsend Avenue, Montrose, CO 81401
Release ID: 88990863