How Coronavirus Changed The Real Estate Market

In this video I’m going to show you how Coronavirus changed the Real Estate Market in 2020… and really…it changed it forever!

Stay to the end & I’ll give you a bit of a forecast of what we can expect… It’s surprising!!! Well… I was surprised.

In some ways… it changed it for good…Some things we expected… some things we didn’t.

Like me… for instance… There’s NO WAY I would’ve dressed like this if it wasn’t for that pandemic!

Mittens? At the beach… in So Cal? Geez …ok I don’t OWN any mittens… because of what I just said..

Here in the South Bay… we went into the DAMMM-demic with low supply and high demand…

Fixed interest rates were in the 3%’s and dropping

Then… lockdown! Unreal!

Because of that … the spring selling season was delayed until May/June and it kept going strong thru December!

…ANNNND THAT increased pent up demand!

… ANNNND THAT… is driving up prices!

Also… Working Remotely… your needs changed because of the lockdown….working from home and homeschooling. People aren’t as concerned

about commuting because of the work from home order. So we’ve seen that they’re moving out of dense areas (downtowns) to less crowded & more affordable areas… who knew?

PLUS… Millennial’s are having kids!!!!

Last year in the South Bay… the Beach Cities actually closed MORE homes than the previous 2 years!

WHAT?

REAL ESTATE AGENTS… how are we (hopefully) changed?

Virtual (almost) everything. I’ve been doing this for years… but my industry hasn’t until THEY WERE FORCED TO last year.

Virtual walk-throughs- 360 degree video virtual tours-FaceTime and Zoom interviews, showings, home inspection-highlights and even Final Walkthroughs.

We can do a lot of what we do Contactless and who knew that most people would embrace that? We (well… most of us) are doing whatever we can to keep everyone

safe- gloves- masks- booties- disinfecting surfaces after in person showings, inspections, appraisals and walkthroughs…You name it.

If you’d like to know more… watch this video here I’m pointing to at 2:34

There’s almost no foreclosure activity and most people have a lot of equity. So far, here in the beach cities we’re not seeing any changes other than this same kind of market

…In the foreseeable future.

That’s a few of the biggies of how The Corona-Crap has changed real estate…

Stay tuned for:

If you’re looking to sell in 2021- view and download my Home Selling Checklist

And…If you’re thinking of buying a house – view my Home Buying Guide The links are below or in my Bio. It’s digital ANNND there’s no fingerprints!

http://bit.ly/DarylPalmers-HomeBuyersGuide

http://bit.ly/DarylPalmers-HomeSellerChecklist

Call or write me so I can help you in your Quest!

BE SAFE!

Virtually Yours…

Daryl Palmer

Real Real Estatetist

[email protected]

310-502-4240

Read this on the Blog: https://southbayfineproperties.com/real-estate-market-update-2020-south-bay-edition/
instagram: https://www.instagram.com/itsabeachything/

facebook: https://www.facebook.com/dpbeachhomes/

Book a 20 minute Strategy Session with me here: http://meetdaryl.com/

Buy my Amazon #1 Best Selling Book: Dwelling Selling – How The Internet Made Selling A House In The South Bay Easy…& Other Funny Stories https://www.amazon.com/author/daryl

Also Please Subscribe to my Channel & click the Bell for live updates! Subscribe w/ 2 clicks here: https://www.youtube.com/channel/UCoaHVMdIyaVRGZLzzsQA6JQ/ ?sub_confirmation=1

Daryl Palmer Beach Homes

Daryl Palmer is a Real Real Estateist since 1986. As a Beach Cities resident, Daryl helps people like you market and invest in all kinds of real estate, Move Up, Scale Down, First Timers, Vacation Homes, Investors, Fix and Flippers, 1031 Exchanges. He can even help you with an ADU! (I know... what's an ADU?) His office is in Downtown Manhattan Beach and you can find him sipping coffee at the Shade Hotel or wandering around town. You might catch him walking up and down Pier Ave or walking on The Strand in Hermosa Beach. Or shopping at Trader Joes in the Riviera Village in Redondo Beach...and really...you can find him all over the South Bay Los Angeles. He rides his bike everywhere. You'll probably see him doing just that.
Daryl and his team of professionals help you get the job done, whether it's selling or buying... or both. Follow Daryl on Instagram: @DarylPalmerBeachHomes

Ask how to get his #1 Amazon Best Selling Book:
Dwelling Selling--How The Internet Made Selling A House In The South Bay Easy...And Other Funny Stories.
It's Daryl Palmer's 14 chapter Proven Marketing Plan that shows how he's different than any other local real estate agent.

Daryl Palmer CRS - Call/Text 310-502-4240

[email protected]
www.SouthBayFIneProperties.com
Daryl Palmer Beach Homes
RE/MAX Estate Properties
1401 Highland Ave
Manhattan Beach CA
90266

RE #1986622