I wasn't going to write my blog this week, but last weekend's real estate story was just too good not to share. So this will be my last update of 2021!
Sunday night, my buyers entered into a bidding war on a Dover, MA property. They were one of 20 offers on the house, which was listed at $1,195,000. Yes, 20 offers in the middle of December. The agent reports about 53 showings over 3 days, and the line of cars on the street certainly supported that claim. My client bid 16% over the asking price and came in second! Ugh!!!! While at the Jingle Ball (a concert for teens at TD Garden) with my kids, I delivered the news that despite offering an incredible deal, we were the first runner up and it wasn't enough to take the prize. The Jonas Brothers were the background music to the scene.
It's not that the demand for houses has increased that dramatically, but there are even fewer new listings being introduced this time of year, and buyers don't want to wait until 2022 if they don't have to. In fact, I had 7 closings this month alone which is a lot compared to other Decembers. Those buyers and sellers are so happy to be settled before the holidays!
Perhaps the current raging rate of Covid cases combined with the new variant are going to infuse just a little bit more hysteria into the market. We have all seen that the more we stay home, the crazier people get about wanting a new and different primary residence or vacation home.
Today while preparing for business in 2022 with my assistant Elise, we were encouraged by the number of sellers who have talked to us about listing their houses next year. To that we say, anything to help satisfy the buyers appetite is welcome! Bring it on!!! Let's gooooo!!!!
It's been quite a year for me professionally, navigating a climate never seen before in the real estate world, leaving my firm of 16 years, and joining MGS Group. Life is now settled and we are ready for what 2022 is going to bring us! I know it's going to be a good one, and I look forward to having you along for the ride.
Have a wonderful holiday with friends and family, and I hope you get the down time you deserve. See you in 2022!