In the last six months I’ve watched as about 30% of the neighborhood hung out a for sale sign. Each time the home in question was sold in a matter of days – and if internet records can be believed, commanded sales prices that no one would have dreamed of two years ago. Two more just on my far exurban road have “coming soon” signs that went up last weekend.
I’ve seen enough of these boom and bust real estate cycles to know that seller’s markets don’t last forever. Then again, neither do buyer’s markets. Even knowing that, I have to confess to just a touch of jealousy at those cashing out and moving up or on.
By the same token, I’m spectacularly happy that I’m not trying to find a house to buy in the current market. Too many people chasing too few good options. I don’t have the patience for a bidding war or the tolerance for assuming all risks by waiving every contingency.
Part of me would dearly love to put up a for sale sign of my own and unlock the COVID equity built up over the last 18 months. The real trouble is, the house I really want hasn’t been built yet – because I’m still toying around with floor plans and design ideas to somehow hide the contents of a neighborhood library in a traditionally styled house.
I’d very much like my next move to be my last move. With seven of them under my belt since August 2000, I feel like I’ve had my share of packing and unpacking in town to town, up and down the dial already. Changing houses now would be, at best, a change of scenery. Since the scenery I’ve got is pretty damned good, though, it’s not an idea swimming with motivational appeal.
So, yeah, I have a little bit of sales envy, but no intention of doing anything about it for the time being. Barring untimely death or global economic collapse following the Great Mask Wars of the early 21st century, there will be time enough to cash out and have everything put together just so.