Keeping Good Habits During Covid-19 Isolation
I was talking yesterday to one of my clients and this topic came up during the conversation. How difficult it is right now when lots of people lost their balance, their routine and their daily habits to keep a balanced and happy schedule that supports our well-being.
Going to work every day is not only a way to get compensated for what we do but also to keep ourselves busy, productive and meaningful. Contributing to something bigger than we are, supporting our families and helping others at work are all great ways to stay mentally engaged and happy.
It is true that some of it was lost during this pandemic and a void was created. Our challenge is to fill this void with meaningful activities that will keep this balance in our life for a better tomorrow.
Maintaining old habits like waking up early for a productive day is very important. In a world where our schedule is being disrupted, it is very easy to get away from it finding comfort in other activities like watching TV for hours for instance. The question that we should ask ourselves is the following: If we were in normal times right now would we still be watching TV the way we do now? If the answer is no then going back to our normal habits is a must.
We have to think and act in ways that reflect a normal world as if nothing has changed. Keeping our old habits and perhaps building on them is one way to make sure that when everything opens tomorrow and we go back to normal our transition time will be smooth and happy.
Please Note That This Analysis Pertains to April 26-May 02.
This Week Marks The Sixth Week Where We Note The Effect of The Pandemic on Our Real Estate Market. Number of Transactions Have Risen a Little Bit Week over Week to 92 Which is Still Very Low For This Season. Same Week Last Year Had 290 Transactions which is Almost 70% Drop in Activity. Sold Price to Listed Price Percentage Has stayed at 98%. Please Note That Six Weeks Ago The Sold Price to Listed Price Was at 105%.
Please Note That Almost 70% of The Activity Has Been Around The More Affordable Properties Under The 1 Million Mark. Sold Price to Listed Price There was at 98%. For The more Expensive Properties We Saw a Sold Price to Listed Price at 95%. This is Usually The Case in a Downturn. Activity Remains in The More Affordable Product and We Tend to See The More Expensive Properties Start To Drop Down in Prices as a Result. We Will Need to Continue Monitoring This Trend for The Next Several Weeks.
As a Result We Are Now into a Buyer Market in The Properties Above 1 Million and I Believe this Trend will Continue in The Next Several Months.
Take Care Everyone and Stay Healthy.
I will Keep You Informed…