We didn't know what to expect from the rest of 2020 after we learned of the Coronavirus resulting in a pandemic with quarantine regulations. Everything turned upside down and inside out. What did transpire for the positive is the importance of quality of life. Folks all over the world experienced life at home for extended periods of time and either gained a new appreciation for their environment or they decided they needed a change. They began researching places to move whether it was to the suburbs in their current area or across the country in a totally new place very different from their current home town. They looked into recreation, family life, schools, tax implications, and the ability to travel for work from that location or the reality of working remotely. Thus the great migration started...
What happened next was to be expected in a supply & demand economy. Homeowners were not keen on having the general public in their home or the idea of moving so few put their home on the market creating a lower than normal inventory. People looking to move searched but were finding very little available. Eventually, we all started to get used to our new normal with virtual tours, Facetime showings, and offers for homes site unseen. The prices started to go up and the demand continued to rise. Those coming from affluent areas were able to pay the higher prices, often with cash. Hence, the real estate market across the country was on fire with people from all over the country seeking the next best place.
Engel & Völkers both locally and internationally has seen the biggest growth of any year. Advisors are navigating uncharted territory with the frenzy with quarantine regulations, guiding clients to make wise decisions in selling and purchasing. They are also collaborating within the network to learn from each other and to refer clients to their respective markets so they would be in good hands while searching in their new location. Engel & Völkers is proud of how our advisors are pivoting and are growing. The local Montana shops recently acknowledged the advisors for their production as well as accomplishments in giving back to the community. Congratulations to each advisor as well as the support staff that made 2020 a year to remember for the positive while guiding clients in their search for "The Last Best Place" in Montana.
Congratulations to these advisors for setting a goal and achieving it! Some are also our top producers for each shop, too.
Stacy & Eric Ossorio Top Producer
Amy Alvarado Top Producer
Shawna Morales Top Producer
Jane Tecca Top Producer