The flight to rural? Seems to be so in my area...

By
Real Estate Broker/Owner with Sea to Sky Premier Properties (Salt Spring)

We've all experienced covid lockdowns...the first one in my area lasted for ten weeks, in 2020.   Many media projections were calling for gloom and doom for real estate post-pandemic.   Well, just goes to show that experts never know what's what.   As soon as restrictions lifted, then the secondary  home/rural regions erupted in busyness.    I love my island home...and it has seen its share of buyers seeking what it offers.   What we have ended up experiencing is that there is no post-pandemic, and real estate has arrived at few listings and many buyers.   I call it the flight to rural.    There is a cap on growth in my region, as the beauties of these islands are protected by the government.    Couple that with a real estate market in love with small communities and you know what's coming next: price escalation.    Hmmm.....     Hope to hear how things are in your home regions.  

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How may I help you to discover special Salt Spring Island & the Southern Gulf Islands?   Call me!

Comments (11)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Li - it's nice to "see" you here.  As far as "experts" there never seems to be a shortage of them.  And when it comes to real estate, local expertise matters - regardless of what may be happening in other places.  

Oct 09, 2021 03:55 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Hi Li Read when a real estate "expert" starts speaking as if real estate is national I usually end up tuning them out.  Every market is different.  And in a state as big as California where I am at there are many many different markets and trends.

P.S. Beautiful photo

Oct 09, 2021 05:08 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Li- I will echo what Michael Jacobs said...it is so good to see you here!!! And yes, real estate is local so it's interesting reading posts from the members here to learn what's going on in their area. 

Oct 09, 2021 05:42 PM
Liz and Bill Spear
RE/MAX Alliance 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Alliance Cincinnati & Dayton suburbs

Our area is a mix of urban (Cincinnati & Dayton), then suburbia and still plenty of rural.  Can't say I'm seeing a trend to go from urban to rural, but that might be because our low maintenance housing niche tends to attract clients wanting suburbia.
Us personally?  We've got 3.5 acres about 30-40 minutes north of Cincinnati, but we're in process of moving next year or year after to 10 acres on a mountaintop outside of Harpers Ferry, WV.  First we have to get a house built!  But for us, it's got zero to do with pandemic and everything to do with long formed plans to get closer to our families.  Bill

Oct 09, 2021 07:50 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

We had a lot of people moving into our area in the last year and a half. That being said, most of them were moving into town, not into the more rural areas. I like that your area has a limit to development; we don't have one yet.

Enjoy your day!

Oct 10, 2021 06:10 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Li,

It is defintely good to hear from you.  I have been thinking of you.  Wishing you continued success.  A

Oct 10, 2021 07:22 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Li Read - We have had a flood of people from CA, FL, and IL make an exodos from their homelands to TX. They are spread out all over, rural and urban. With that said, lockdowns, and the pandemic, I question the results from the Census Reports conducted in 2020. 

Nonetheless, I thought of you many times and wondered how you were doing. I'm happy to see you're back! I wish you health, happiness, and prosperity. 

Oct 10, 2021 09:12 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

So glad to hear from everyone...thank you!

Oct 10, 2021 01:53 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello Li! Here in Las Vegas, we have had so many Californians come in and pay 10% over appraisal because it is so much cheaper than California

Oct 10, 2021 03:59 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Li Read - Wishing you an abundance of life's blessings this Fall and happy days ahead.

Nov 03, 2021 04:06 PM
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Li, I see it Canada is a safe haven, compared to the troubles in the rest of the world.

Then BC 's weather and our South Coast and our Island weather and quality of life. People are escaping City life for the rural area, especialy with working from home which is here to stay for many. My friend and his wife live in Port Alice which is propably one of the most isolated communities on Vancouver Island. He told people have bought and moved there from all over and you can't even buy a dog house there now.

Cheers, have a fun and successful week!

Nov 07, 2021 11:21 AM