What is my home worth during COVID-19?

By
Real Estate Agent with Compass CalBRE# 01839597

What is my home worth during COVID-19?

This is a question I am asked more than once. The market is still hot here in the Silicon Valley. I sold my listing on 1502 Keoncrest Avenue in San jose during COVID-19. My clients walked me through their home virtually while I provided a staging consultation. Within days they finished the staging recommendations and a few more accessories where dropped off to finish the staging. Virtual open house was a success and the property sold in days.

Your home hasn't lost value during the Shelter in Place. During this period the homes that were on the market generally sold with multiple offers. Serious buyers were shopping during this time while there were fewer buyers competing with the listings in the market place. As a matter of fact there were fewer listings coming on the market so inventory was shrinking.

Here is a stat from Aculist.

Sold vs cancelled or withdrawn listings during COVID-19

What is my home worth during COVID-19

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Anja K. Kerstens
REALTOR®, GRI, CDPE, CHS, NHCB and ASP®
CalBRE#01839597 

COMPASS 

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Buy or Sell with your area specialist and REALTOR® getting homes sold faster.

 

Comments (3)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Anja Kerstens very good report about home values during Covid-19.

Jun 11, 2020 08:46 PM
Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

Hi Anja Kerstens, that's a great graphic. Supply seems to have contracted enough in most markets to support prices during the pandemic.

Jun 12, 2020 03:02 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Home buyers and sellers in your area are sure to value your real estate market report, Anja!

Jun 12, 2020 12:41 PM