As the COVID-19 pandemic continues into the new year and into its tenth month of duration, more and more urban professionals are seeking permanent residences outside the hustle and bustle of cities. With the need to commute into large metropolitan areas dwindling and the desire for more space for remote working and children’s remote learning on the incline, many suburban and rural communities are seeing an influx of new residents.
Simultaneously, virtual meeting platforms like Zoom have risen to popularity, which is why these new frontiers for urban professionals have been dubbed, “Zoom Towns”. Experts believe this trend will continue even as the COVID crisis comes to a close due to the fact that many companies and businesses are seeing just how effective and efficient remote working is. In other words, we can predict more and more people will continue the trend of migrating to smaller communities.
Vacation Homes to Permanent Residences
Typical vacation spots such as national park areas, and beach-side towns like Martha’s Vineyards and Hilton Head, which only see an increase of residents during the summer months, are experiencing a deluge of new residents who are planning to make their vacation spot a permanent residence. In the Pacific Northwest, the San Juan Islands and the Methow Valley have become two areas of interest for these urban professionals, according to the PNWMLS. Year-to-date closed sales in San Juan County are up nearly 40% from this time last year, while in Okanogan County where Methow Valley is located, sales are up more than 17%.
Closer to home we can see several local towns experiencing the Zoom Boom. Residential sales in LaConner increased an astounding 600% in November when compared to last year. Anacortes and Sedro-Woolley sales also increased by large numbers, 54% and 80% respectively.
For more information on the housing market or to get a free estimate on the value of your home, give us a call at (360) 757-6013.