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Rocket Fuel

What happens when rocket fuel is added to a strong market – the market goes BOOM!

What’s the rocket fuel?

The main tangibles are: low interest rates, decreasing supply of inventory, record high equity markets.

The main intangibles are: appreciating the value of time, being isolated from chaos of mainland, confirmation that remote work is an option, best weather in the world.

This year is more than likely going to be a record year.

Year over year comparison of YTD total volume:

’09 – $161mm *Lowest total yearly volume.
’10 – $272mm
’11 – $260mm
’12 – $332mm
’13 – $290mm
’14 – $453mm *$1bn+ year.
’15 – $425mm
’16 – $484mm
’17 – $499mm *$1bn+ year.
’18 – $534mm *$1bn+ year. Highest total yearly volume.
’19 – $494mm *$1bn+ year.
’20 – $476mm

A tangible number that makes you go wow – there are currently $450mm of marked pending sales and it’s only August 11th…