Cactus League Vacation Rentals: Will COVID-19 change where people choose to live?

Friends and Clients —

The coronavirus pandemic is sure to have long-reaching consequences—some of which might surprise you.

For example, the pandemic might completely overturn recent trends of where people choose to live.

For the past three decades, people have increasingly preferred cities to suburbs. In fact, according to a recent study, each new generation of young people has been more and more likely to move to cities. Many stayed on in cities, even after getting married and having a family.

Post coronavirus, that may well change.

One obvious reason is health. Urban areas are more crowded with more inevitable interaction and possible exposure to viruses.

Another reason is that shelter-in-place orders can be harder to bear in an urban apartment. By comparison, a house in the suburbs can offer more space, a backyard, and easier access to areas for biking, jogging, and spending time safely outdoors.

Finally, workplaces are changing. Many people will continue to work from home after the pandemic passes. Along with the dropping cost of gas, this makes long commutes a much smaller issue.

Unsurprisingly, a Harris poll performed on April 25 through April 27 found 46% of city dwellers are considering a move. This compares to 26% in the suburbs and 21% in rural areas.

Home sales were still strong in March (7185 Home Sold in Maricopa County) and demand is extremely strong with both Maricopa County buyers and buyers coming in from out of state. Our Team has experienced increased traffic to our listing and buyer inquires. The Monique Walker Team had their best selling month in May so we can definitely vouch for increased activity.

Of course, the pandemic is still ongoing. I hope this information will be useful in case you were thinking of buying or selling a home before the pandemic arrived—or now that it's here.

If you are interested in buying a home, you can see the complete Phoenix listing of available homes here:

Click here for all available Phoenix homes for sale

If you've been thinking of selling your home, I can tell you demand is still very strong. In case you want to get an idea of what your home could sell for, take a look at this calculator which takes into account recent Phoenix sales:

Enter your address here to find out what your home is currently worth

As I said, the pandemic is sure to have long-term consequences. The situation is changing day by day, but I stay on top of local Phoenix market conditions and trends. I can help you make a smart decision given your particular situation. So if you have any questions—if you're buying, selling, or just looking for advice—give me a call at 602-413-8195. I'm here to help.

Have a great day,

Monique Walker
RE/MAX Excalibur