Will we ever return to a pre-COVID “normal” existence?
Amid COVID-19, unprecedented worldwide change is afoot. In almost every sector of our societies, we are witnessing shifting paradigms. The way we work, educate, shop, eat, travel, interact, and live our everyday lives is quite different than we ever imagined. In the aftermath of this pandemic, will we ever return to a pre-COVID “normal” existence? Will we be forced to continue to adapt and evolve? History would argue the latter…
In real estate markets across the country, there is a big shift taking place.
Americans are fleeing from the confines of urbanized areas and moving to more rural, natural living environments. People are quite literally “moving to the country.” In part, this is a fear-based response. Our caveman fight or flight instincts tell us that it is better to run from a danger that cannot be defeated. However, the shift is not purely survival-based; it is also a manifestation of people’s ability to work remotely, from almost anywhere in the world.
Furthermore, we are also witnessing a shift in basic human values. People seek out living environments that are closer to nature, less stressful, and generally more inspiring. In a world of growing uncertainty, seizing those life experiences that really matter on a day-to-day basis has become all the more attractive.
Here on Kauai, we are witnessing this shift in a big way.
The real estate market is booming despite a very uncertain long-term macro-economic outlook. It seems as though peoples’ dreams and intentions, which were safely tucked-away, have come racing forward in time. People are moving to the island here and now to build a better life for themselves and to escape the mayhem of the mainland. And why not? With a gentle year-round climate, a very low COVID case count, abundant organic food, small communities, and some of Mother Nature’s most wonderous work, Kaua`i is a magical and soulful place to call home.
As one would expect, the present demand for homes on acreage has gone up considerably. We are also seeing a trend of second homeowners and investors selling (some out of financial duress). While buyers intend to occupy such properties as their primary residence. How long these current trends will last is anybody’s guess, but for now, the wave of incoming Buyers is overwhelmingly evident.