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Real Estate is booming in “Two Virginias”

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(WVVA)- The COVID-19 pandemic may be ravaging certain areas of the economy, that's not the case with the real estate market in the "Two Virginias."

Some realtors say the pandemic is not slowing the housing market in Tazewell and Mercer counties. They say homes are being sold as soon as a for sale sign is staked into lawn.

"Real estate right now is booming," Real Estate Agent, Patricia Doss said.

Many people are leaving major cities, as they look to relocate to more open spaces with fewer COVID cases.

"We're seeing more people from New Jersey, Tennessee, New York. People have traveled look at one house because it has 175 acres and to them that's a big world," Broker, Eddie Pauley said.

"They're here for two reasons. Some are leaving the areas they were in because of the COVID. Others just want a more relaxed place to live because they are retiring," Doss said.

It appears the ATV trails in this region are another big draw for people looking to leave big cities.

"A few people are coming in to buy second homes so they don't have to trailer their ATV's back and forth every weekend. So we have purchasers in that area. But others are just amazed at the cost living here is so much less than where they live now," Doss said.

It's not just the great outdoors and that makes the "Two Virginias" attractive, the school systems reputations are helping to seal the housing deals.

"We have good school systems. In Virginia, and West Virginia," Pauley claimed.

The agents we spoke with say even though some of the homes they list in Mercer, and Tazewell counties cost around $500,000, they are seeing some home-buyers pay with cash.

"We're seeing mostly middle aged, and the retiring age. I got a couple yesterday approved looking. She's 81 and he's 88," Doss revealed.

Both of these local agencies say the lowest interest rates ever are in place right now, which is another factor motivating many to make both West Virginia, and Virginia their new home.

The real estate agents also say 3-D tours are helping buyers decide on a home without setting foot inside. Technology is allowing them to practice social distancing while shopping a new home from the comfort of their current home.

Star Connor

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