IMPACT OF THE CORONAVIRUS ON THE HOUSING MARKET
Impact of the Coronavirus |
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It has become increasingly clear that the Coronavirus has started to make an impact on the housing market in California. In light of the shelter-in-place order being extended to May 3rd in California, we are seeing a dramatic inventory change of homes on the market. Over the last week, there has also been a decrease in homes being sold.
Potential buyers can’t leave their homes at the moment except for essential items which means no open house showings until we can gain control of the spread of COVID-19. The impact of this virus is changing the way we operate on a regular basis. Some good news is that as of April 1st, California’s fast and aggressive measures to decrease the spread of the virus by social distancing are Working!
According to an article written in Politico, it appears that our amazing efforts are starting to flatten the curve, thus decreasing the rate of the spread. Great job, Bay Area! As a real estate agent based out of San Jose, California, my team and I, are working on developing new ways to provide potential buyers with a personal look at listings that are currently on the market including virtual walkthroughs.
Do not hesitate to contact me if you have any questions! As always, I am here to serve you in all of your real estate needs.
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Existing-home sales continued to increase for the second consecutive month in July 2020.
As a full-time knowledgeable real estate professional, I have the skillset you need to get your home sold or find a new one.
The California housing market is still holding steady, hitting a new all-time high price per square foot as of August 2021.
My team and I are thrilled for our clients who accepted an amazing offer on their condo in San Jose.
The prime reasons staging has become commonplace is due to consumer demand and the proliferation of online home shopping.
The latest market report is in from December 2021 provided by the California Association of Realtors®️.
We continue to see a slight steady downshift in home sales as we move into the colder months, however, we will likely see our normal Spring increase again in 2022.
Tenacity Realtors. Committed to delivering unmatched results for Sellers and Buyers.