Jon's Corner: May Newsletter

Happy May!

As our gardens spring to life and our outdoor spaces become our havens, it's the perfect time to explore the evolving trends in our local real estate market. This month, we're examining how the world's changes have impacted home values and discussing features today's buyers are falling for. Continue reading for more real estate news, home tips & tricks, and much more.

Rising Tides

Reflecting on where we’ve come since the pre-COVID era, it's clear that the world has changed in ways we never would have predicted. The pandemic has reshaped our local real estate market, leading to a robust surge in values that benefits homeowners. Whether you've been tracking this trend or it's news to you, it's worth taking a closer look. This remarkable growth is a silver lining in these unprecedented times.

Just as our lifestyles have evolved over the past few years, so too have the features that home buyers value the most. The days when a two-car garage or a chef’s kitchen could seal the deal are fading; today's buyers want all that and more! They seek homes that provide a feeling of security and accommodate their desire for outdoor living. It's not uncommon to see buyers placing high value on expansive patios, well-maintained gardens, smart security systems, and privacy features - items that might not have been deal-breakers five years ago.

Given these shifts in the market, you might be wondering how your own home fits into this new landscape. Do your garden, patio, or security features make your home a prime candidate in today's market? Whether you're planning your next move or just keeping tabs on your investment, knowing your home's current value is key. I encourage you to reach out for a casual, obligation-free conversation about your property's potential in today's market.

Real Estate in the News

Jokes About Millennial Homeowners Can Stop Now

"In what is being described as a historic shift, the millennial generation is now made up of more homeowners than renters, according to new data released by RentCafe. After years of being known as the “renter generation,” millennials tipped the scale, largely due to the 7 million people in the generation who bought homes in the last five years, bringing the total percentage of millennial homeowners up to 52%. Now, according to the data, Gen Z, who range from 11 to 25 years old according to Pew Research, is the only age group made up of a majority of renters."

Courtesy of Architectural Digest

Backyards Are The Must-Have Home Feature for 2023

A new report from Zillow names the backyard a must-have feature in the eyes of home-buyers.

Courtesy of Better Homes & Gardens

Lifestyle Tips and Tricks

Ready to Remodel? Here Are The Home Projects That Will Get You The Best Return On Your Investment

Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they can afford it at the moment.

Courtesy of CNBC

Is your home hiding this season's hottest features? Let's explore together!

Reach out to chat!

Jon Ivins
Associate Broker/REALTOR®
ABR, CRS, CSP, e-PRO, GRI, MCNE

COMPASS RE
4 E. Montgomery Ave
Ardmore PA 19003

Jon Ivins

Associate Broker
M: 610.563.7733
O: 610.822.3356

GetRealChesterCounty.com
jon.ivins@compass.com

Office: 610-822-3356

Compass RE is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.