Real Estate Round Table - How To Adjust During Covid 19
Real Estate Round Table
This past Monday I participated in a conference call with incredible Sotheby's Agents from across the nation. We discussed the current activity in each of our markets, home values, and how the real estate business is evolving during the Covid 19 pandemic. We shared ideas of how to be of service to our clients and how to understand the impact this pandemic will have on our markets and business practices. Scroll down to watch the full video.
On Sunday, March 29th, Real Estate was deemed an essential business in California. The Real Estate market is still functioning as best it can while keeping safety measures in place. Open Houses and Broker's Opens are currently prohibited. In response to this, we have boosted our technological efforts, by offering virtual home tours of our listings and increasing our online presence. We have seen an increase in internet traffic and views on Sothebyshomes.com as well as Zillow and additional home marketing platforms. The real estate market is still buzzing online. Home Inspectors, Title companies, Escrow companies, and Lenders are still working hard to keep Real Estate transactions moving forward. The ability to buy or sell a home is possible, however a longer escrow is anticipated to account for delay during this pandemic. Last week March 23rd - March 29th, 13 homes sold in Montecito and Santa Barbara, and 27 new listings went on the market.
We expect to see a slow down in the Santa Barbara market but are optimistic we will navigate through the crisis safely together. While we wait this out and #stayhome be sure to check out our April Calendar of events for fun ideas of how to pass the time.
Please let me know how I can help with anything, especially unrelated to real estate. My cell phone is 805.570.5545. Stay safe!