Q3 2020 market Update

In the early spring of 2020, not one would have predicted the Q3 (July/August/September) sales of real estate in the Foothills Region would grow in sales volumes over the previous year. And grow it did! There has been a significant trend of people moving out of the city and into a more rural setting. Acreage sales are up 43% !!! The outlying communities have seen significant sales growth of 40+ %! The main drivers appear to be the need for space that embraces the needs of working from home or home schooling. Also, there is a strong desire to get away from densely populated areas and into a more relaxed setting. This is a trend happening across the country.

Inventory levels of homes for sale are extremely low right now which means if you are thinking of selling in the near future, now is the time.

Click through the various graphs below to view the stats.