We visited the Sandwich Food Pantry this past Friday to talk with Executive Director, Gigi Ridley. What we learned about what food pantries need this time of year (and really anytime) may be surprising.
We hope you’ll take a few minutes to watch the video.
The Sandwich Food Pantry is a totally volunteer organization. Their goal is to help residents through difficult times by providing supplemental food, advice and directions to further sources of assistance.
For more information, here’s a link to their website at http://sandwichfoodpantry.org/
Please consider supporting them this holiday season, or any non-profit that is close to your heart. These days none of us know when we might need their help. Thanks.
Happy holidays to all our blog readers. We hope that you have found what we shared this year to be helpful. We will continue in 2022 to provide you with the best and most accurate information available in order to assist you in deciding whether to buy or sell your property.
We won’t be posting next week as we will be spending time with our granddaughter.
A lot has changed over the past year. For many people, the rise in remote work has influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and made the space they already had work for them.
But recent headlines indicate working from home isn’t a passing fad.
If you’re still longing for a dedicated home office, now may be the time to find the home that addresses your evolving needs. More and more companies are delaying their plans to return to the office – others are deciding to remain fully remote permanently.
According to economists from Goldman Sachs in a recent article from CNN: “Job ads increasingly offer remote work and surveys indicate that both workers and employers expect work from home to remain much more common than before the pandemic.”
Other experts agree. A survey conducted by Upwork of 1,000 hiring managers found that due to the pandemic, companies were planning more remote work now and in the years to come.
According to Upwork: “The number of remote workers in the next five years is expected to be nearly double what it was before Covid-19. By 2025, 36.2 million Americans will be remote, an increase of 16.8 million people from pre-pandemic rates.”
How Does This Impact Homeowners?
If you own your home, it’s important to realize that continued remote work may give you opportunities you didn’t realize you had. Since you don’t need to be tied to a specific area for your job, you have more flexibility when it comes to where you can live. Moving to vacation areas like Cape Cod could be an option now, instead later when you retire. We’ve worked with many client over the last 12 months who have done just that.
If you’re one of the nearly 23% of workers who will remain 100% remote:
You have the opportunity to move to a lower cost-of-living area or to the location of your dreams. If you search for a home in a more affordable area, you’ll be able to get more home for your money, freeing up more options for your dedicated office space and additional breathing room.
You could also move to a location where you’ve always wanted to live – somewhere near the beach, the mountains, or simply a market that features the kind of weather and community amenities you’re looking for. Without your job tying you to a specific location, you’re bound to find your ideal spot.
If you’re one of the almost 15% of individuals who will have a partially remote or hybrid schedule:
Relocating within your local area to a home that’s further away from your office could be a great choice. Since you won’t be going in to work every day, a slightly longer commute from a more suburban or rural neighborhood may be a worthy trade-off for a home with more features, space, or comforts.
We’ve seen these changes in our own family. Hank’s brother, whose company continues to push back return to the office deadlines, recently purchase a larger home with office space for both him and his wife. Our nephew, who lives in Michigan, just started a job for a Boston-based company that’s giving him the flexibility to work in the office or remotely, as he needs to.
If ongoing remote work is changing what you need in a home, or if you’re still living in a house that’s too big with closed off bedrooms that might be great office space, for a buyer who’s looking for some, we’d be happy to help you review your options.
We can connect at 508-568-8191 or firstname.lastname@example.org.
Despite near historic low levels of inventory, the Cape Cod real estate market is showing no signs of slowing its blistering pace logging a 74.3% increase in pending sales for single family homes this April, as compared to a year ago.
According to a report released by the Cape Cod & Islands Association of REALTORS® (CCIAOR), Cape-wide pending sales at the end of April were 380 for single-family homes and 100 for condominiums. Last April, there were 218 pending single-family homes and 39 pending condominiums.
The report said that 394 homes sold in April, 307 single-family homes and 87 condominiums. Median sales price was $625,000 for single-family homes and $345,000 for condominiums. Last April, 329 homes (265 single-family homes and 64 condos) sold at a median price of $439,900 for single-family homes and $303,250 for condominiums.
The CCIAOR also noted that April showed the first increase in inventory on a month to month basis since the start of the virus crisis and subsequent real estate boom.
What this all means for a Cape Cod homeowner is that if you’ve been waiting to market your property, competition is slowly increasing as more houses are listed. Even though there has been a lot of talk about the number of homes being sold for above list price, CCIAOR says that nearly 1 in 2 listings are actually going for BELOW asking price. A situation that will only increase as more homes become available.
In addition, more than 60% of the transactions are being financed, which belies the somewhat common impression that most buyers are paying cash.
If you are wondering if now is the time to make your move, it probably is. Let’s connect at 508-568-8191 or email@example.com to discuss your options and develop a plan to best market your home.
With inventory increasing, it will also be easier to help you find your new home, whether you’re looking to upsize, downsize, or move to your someday neighborhood.
We hope you are enjoying this Memorial Day and remembering all those who gave their lives so we can call Cape Cod home.
As more Americans become vaccinated and travel resumes, many people are planning for those long-awaited vacations that they missed out on over the past year. Some households are even focusing their efforts on buying a vacation home at get away locations like Cape Cod rather than renting or staying in a hotel. The National Association of Home Builders (NAHB) reports:
“Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”
It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:
“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”
With more Americans being given the option to continue working remotely or retire earlier than expected, vacation style homes are even becoming year-round options. The NAHB explains:
“Remote work arrangements have made it possible for… Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area. More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”
If you own a home on Cape and have been thinking about selling, now is a great time to take advantage of today’s very full buyer pool. Buyers should know that the process generally takes approximately 45 days from accepted offer to close; perfect timing for vacation to start!
Let’s connect at 508-568-8191 or firstname.lastname@example.org to discuss your options. Helping our clients make the best decisions for their individual situations has been our full time job for more than 20 years. Let’s talk soon…