Vancouver and Southwest Washington's Lockbox Openings Decline by about Half in Early April 2020!
Mid April Lockbox Openings in Southwest Washington
What this Chart Shows: In Southwest WA and Vancouver WA an extremely high percentage of the Residential Real Estate Listings are accessed by the real estate broker using a Sentri-Lock brand electronic lock-box. Every time one of these boxes is opened an event is recorded by the authentication and data system; allowing for this high-level tabulation.
This chart is set up to cover a time-interval of One Year plus at least 2 Weeks to let us see how our most recent activity level compares to the same time-frame in the prior year. Last year in April the pace was about 4,000 openings per week; while this year we are right around 2,000-per-week in the past few weeks.
This is clearly showing that the concern about being infected with this virus, and Governor's Stay at Home Order is significantly dampening the Buyer activity in our area.
Properties are now possible to view in person although several precautions must be observed. Some of the precautions are:
- Arrive in Separate Cars; - Broker opens the Door(s) to allow "No touch" walk-through by 1 buyer/person at a time; - Social Distancing rules apply; - Neither Buyer or Broker to have an active infection of the virus; - Wear a Mask; - All "Paperwork" to be Paperless (we use DocuSign);
There are a few other items to the overall list, and the list will likely change from time-to-time.
Also, Home Inspections and Appraisals can still be conducted; and many of the Escrow functions can be performed with minimal to no contact / office visit required.
By the way - Many of our listings have a video/walking tour prepared to allow you to screen the property on your phone or computer prior to visiting. Here's a current example in Steamboat Landing:
14021 SE 35th St. Vancouver WA 98683
Thank you for visiting our brief real estate lock-box activity report for Vancouver WA. We're glad to help you with any questions, or requests for assistance with your home purchase or sales needs in 2020!
PS - We love to Sell Real Estate in Vancouver Washington. Are you in the market to sell your property? - the first step to take is to ask us to find out what your Property will Sell For. We'll prepare a confidential Market Analysis and Valuation, and a road-map for the Real Estate Selling Process. Give us a Call - we'd love to help you out!