Dear Friends, Clients and Family,
I hope this update finds you well and safe at home. As we enter into these two weeks that experts predict will be the height of the spread of the COVID-19 virus, I continue to hear stories of friends or loved ones who are sick. I am sure you are too. I am thinking of them all, they are a true reminder of why we are staying at home.
I encourage you to take this time to do things around the house. If you are considering putting your home on the market in the future, why not take the time now to get it ready? Here are a few ideas for you:
  1. Do a deep cleaning
  2. Organize closets and playrooms
  3. Touch up paint around the house (always a good idea)
  4. Clean the inside of your windows
  5. Head outside and start your spring cleaning
  6. Add color to your yard and pots with pansies or other early blooms(some local nurseries are offering curbside pickup or delivery)
This is the first full week where I feel the slow down professionally. I am still just calling it a slow down as there is always work to be done. The state has labeled the real estate business as essential so showings are still allowed. In fact, the state is allowing offices to remain open, although I don’t know of any locally that have. For the few showings I had this week we were safe- we wore masks, gloves and practiced social distancing.
I took new clients out over the weekend as well. We toured towns with me in my car and them in theirs. We used blue tooth to communicate. This was a new, but effective way to do business during this time. We are adapting as we have to!
Serious buyers are still out there. Last week Pinnacle Residential Properties listed a house in Wellesley in the $1.2M price range and sold it quickly. As you can see from the numbers below there were two other properties that also went under agreement in Wellesley and Weston also had three homes go under
agreement. Over the weekend in Boston, my colleague sold a client’s condo for over the asking price. The inspection is Thursday. Wow!
MLS has allowed listings to come off the market with the category of withdrawn- with this designation the property will not accrue days on market. I am including that number in my data below. Over the last few weeks a number of sellers opted to do that. My listings have stayed on. This is a time when people are at home, on their computers, and we will take that exposure.
*‘Sold’ here means pending/under agreement and not yet closed.
   Information provided and compiled by MLS Property Information Network,
Realtors who do rentals are telling us they have been flooded with requests from residents of Boston looking for short terms rentals in the suburbs during the stay at home order. I have a hunch that sentiment will continue and we will see more and more people flee the city for a little more breathing room once the order is lifted.
I continue to have optimism that when COVID-19 is behind us the real estate market will bounce back. Now more than ever your home is an essential ingredient to your health, your safety and your stability.
Warm wishes to you and your family.
Teri Adler, MBA
Pinnacle Residential Properties
Teri Adler Group 617.306.3642