A Note From Colleen & Zoe

Dear Clients, Colleagues, and Friends,

Hard to believe we are already half way through the year, and what an interesting year it has been! When it comes to real estate, this year has been unlike any other in recent memory!

We are seeing a very nuanced market, that varies widely from property to property. While some properties are moving quickly (with many over asking), other properties, that may not check all the boxes upon first glance, are lingering and providing an interesting opportunity for Buyers in the marketplace. Buyers are beginning to come to terms with the new normals of rates, but overall activity is still not quite where it was in 2022....

We have also seen reduced inventory levels from recently established norms...this can largely be attributed to homeowners with exceptionally low, long-term, fixed rate mortgages who are a bit more hesitant to sell and move to a replacement property at a higher rate.

This effect on supply and demand has further intensified the pressure on prices even in an environment of reduced overall activity. That being said, we are also optimizing this market for our buyers, a few recent Buyer wins below:

• Secured an off-market opportunity for our Buyers that ended up appraising $200k over purchase price!

• Just closed on a property for Buyers $800k under asking price

• Helped our first time Buyer put together a winning offer in a highly competitive multiple offer situation!

We have been able to secure some pretty fantastic deals for both our Buyers & Sellers in the recent months….and anticipate quite a few more in the coming months! Please feel free to reach out for more info! We’d love to connect!