Weekly Update – Walworth Co

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Real Estate Market

Mid May, 2020

In the past week, I’ve had 2 closings, wrote 3 offers (1 was accepted), and scheduled 20 showings. Spring is definitely here! Sellers are accepting offers within days of listing their property’s on the market, as per usual this time of year.

…That being said, the elephant in the room remains… There is no way to avoid the trickle-down effect of Coronavirus on the housing market. Here are how showings have been effected in Walworth County, in a side by side comparison of the last 30 days compared to the same date range (4/13 to 5/13) last year, courtesy of ShowingTime.

Here is the Market Summary from the MLS for April 2020 vs. April 2019:

Despite less showings, home sales are only down 2.7% compared to last April. What’s significant here is the drop in new listings. You know what this means? Less Competition! We are still in a “sellers’ market.” There are simply not as many homes on the market as there are ready, willing and able buyers to purchase them. This has been the case for over a decade.

POTENTIAL SELLERS: When it comes to showings & property tours, seller’s can reduce risk of covid-19 exposure by:

  • 1) Leaving lights on so no one else has to touch switches.
  • 2) Require all visiting parties to sign a covid-19 disclosure release form before providing access information.
  • 3) Mandate gloves and masks to be worn by all visiting parties.       

Potential Home Buyers – If this quarantine has you hating your home, and you’re ready to move: fear not! There are options:

  • 1) Get a pre-approval FIRST! You don’t want to waste your time in a space you cannot afford.
  • 2) Get on an automatic MLS search that sends you homes that match your criteria as SOON as they hit the market.
  • 3) Take a Virtual Tour first, and THEN see it in person – with gloves and mask – before writing an offer.        try zoom or google duo

Follow these links to see the new listings and just sold properties:

Walworth County New Listings in Last 7 Days

Sold in Walworth Co in the Last 7 Days


OTHER INFO            

01. How long does coronavirus last on different surfaces? See CDC’s answer here.

02. WHAT YOU LISTEN TO MATTERS: My favorite podcast is “Afford Anything,” by Paula Pant. Her PSA Thursday episode on May 7th had an interesting synopsis of the current state of our national real estate market. Take a listen by following this link.

03. WI Business Owners: Here are the Reopen Guidelines for you!

I see recovery written all over the data coming out, what about you? Are my glasses too rose-tinted? I want to hear what YOU think! Reach out, let me know. Stay healthy… ❤ ALWAYS, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com


Sources:

©2020 ShowingTime

Copyright 2020 by Multiple Listing Service, Inc

Weekly Update

Featured

Market Check-In + Spring Maintenance Tasks

Friday, April 24th marked 30 full days under WI Governor Evers’ Safer At Home Order, where all non-essential businesses were forced to close their doors in alignment with our nation’s efforts to slow the spread of the coronavirus. While real estate is considered an essential business, there’s no denying we have been impacted.

The Impact of 30 Days of “Safer at Home” in Walworth County:

From March 25th to April 24th, 2020, there have been 892 showings in Walworth County. Last year, during the same time frame, there were 1,769 showings. That’s a 50% drop in the number of property showings. Granted this number includes all types of property showings (from condos and single-family homes to commercial property and vacant land). Here’s a graphical breakdown for more clarity:

That being said, week over week, things are looking up. This past week (4/18 – 4/24) we had 242 showings, where as the previous week (4/11 – 4/17) there were 190 showings. Since a property takes anywhere between 30 to 60 days or more to close after accepting an offer, the overall effect on home sales is yet to be determined. However, so far, closings have only dropped to 92% of last years levels. Last year there were 113 single family homes sold in Walworth County from March 25th to April 24th, 2019. This year, from March 25th to April 24th, 103 single family homes have sold. Follow this link to see the listings: Sold in the Last 30 Days


On April 16th, WI Gov. Evers extended the stay-at-home order to May 26th. With that in mind, I thought it would be a great time to offer some spring maintenance tasks and projects to tackle while folks are still stuck in the house.

Springtime Home Maintenance Tasks

  • Clean out your gutters and downspouts
  • Pressure wash your siding
  • Inspect your roof & foundation – schedule repairs
  • Trim/Prune your bushes and shrubs
  • Schedule air conditioner cleaning
  • Clean your windows
  • Check for/repair holes in window screens
  • Reseal deck/porch
  • Paint your house – inside and out!
  • Switch out winter clothes for spring/summer clothes – don’t forget to make donation piles!
  • Spray insecticide along windows and doors, and remove bee hives!
  • Bonus Projects: Paint old tables, hang photos, add more greenery indoors!

Inspired by Spring Maintenance Checklist – More Than Cleaning by HomeAdvisor & Your Spring Home Maintenance Checklist by Family Handyman (houzz)


Slowly but surely, things are improving. As long as we each continue to do our part to stay healthy, we will make it out of this. Please don’t hesitate to reach out if you need anything – groceries, vendor contacts, or even just someone to talk to. I’m here!!

I’m here if you need anything, just let me know!

Stay healthy ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


Sources:

Safer At Home Order

extended stay-at-home order

Spring Maintenance Checklist – More Than Cleaning by HomeAdvisor

Your Spring Home Maintenance Checklist by Family Handyman (houzz)