Thoughts on COVID-19

As COVID-19 continues to impact our daily lives and global economy, our thoughts on the residential real estate market are below:

Due to the Governors “stay at home” order, the market is adjusting.  While we are indefinitely postponing open houses and showings, we are still marketing our listings through social media including videos and virtual tours.  

Property management and repair work, which generally involves maintaining sanitary and safety conditions, is permissible. Additionally, many other aspects of the real estate industry can continue to occur without in-person contact, including documentation and signing, and in many circumstances, closings. Other activities may also be managed remotely, though there may be some difficulties. Per California Association of Realtors. On the bright side we should see interest rates go down in the somewhat near future. 

While the lack of information about COVID-19 makes it difficult to forecast the next few months, we are hoping our community unites and takes the stay at home order seriously, flattens the curve and beat COVID-19.  Hopefully in due time, our precious South Bay community will recover back to normal.

Please stay safe, healthy, and strong. As always, if you have any questions or concerns, please feel free to reach out to us directly.