Over the past few weeks, many have been asking how the stock market and COVID 19 has been impacting our local real estate market, both in terms of property value and the marketing process. This topic is definitely a moving target and prior to the 3.17.20 shelter in place order, the general consensus was that appropriately priced mainstream properties appeared to be selling in a relatively timely and orderly manner.
While we are not suggesting in any way that our local real estate market is heading into a period of falling values, like following the Dotcom bust in 2000 and Great Recession of 2008, but we did find the following article by Compass’s Chief Market Analyst Patrick Carlyle to be interesting and informative and have elected to republish his article as follows.
Quick links to references within this article:
- Home price Increases & Declined, by Percentage, 1984-Present: https://us.spindices.com/index-family/sp-corelogic-case-shiller/sp-corelogic-case-shiller-composite
- CoreLogic S&P Case-Schiller index : https://us.spindices.com/index-family/sp-corelogic-case-shiller/sp-corelogic-case-shiller-composite
Rick and Suzanne Bell share a marriage and real estate partnership at COMPASS out of the Los Altos office, where they serve Los Altos, Los Altos Hills, Palo Alto, Mountain View and surrounding Silicon Valley and Bay Area communities, Rick and Suzanne deliver a diverse and unique skill set when assisting clients in the marketing of their homes.
We devote a great deal of our resources toward the production of superior marketing collateral, which is then promoted through a multitude of social media channels. Social media marketing can become complex very quickly and we believe that we can demonstrate how our expertise in this area is unique, compelling and adds significant value for our clients in the marketing of their homes.
Rick’s background in both commercial and residential real estate marketing, coupled with his personal experience in real estate investment and home renovation empowers Rick’s clients with creative, unique and practical solutions when preparing and marketing their homes for sale.
Having managed nearly 500 employees as a Nordstrom store manager, Suzanne’s background in leadership, problem-solving & customer service provides for a very unique skill set in addressing the challenges often faced during a modern real estate transaction. Suzanne strives to reflect the Nordstrom customer service pledge within her real estate practice.
© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Compass makes no representation or guarantee that Coming Soons are available in your region, or that its use will result in the benefits described herein.