Real Estate During Covid-19

Monterey Bay

Since our SIP order on March 18, 2020, real estate pretty much stopped since we were unable to show properties unless they were vacant. Showing protocols called for booties, gloves and masks, and properties disinfected after each showing. The situation finally improved about two weeks ago. All visitors are required to sign documentation that they are healthy, understand the risk and will wear masks and gloves. One agent and two guests are allowed in a property. Open houses and Realtor tours are not permissible, only virtual tours and appointments.

It seems the market is amazingly brisk with many families wanting to escape the Bay area and finally make the Monterey Peninsula their home. In the last few days, I have seen properties go into escrow in a matter of days and a couple have sold over asking price. We will see how things develop in the near future.

Most all of our annual events have been cancelled such as the Big Sur Marathon, the Jazz Festival, the Bach Festival, various food festivals, and our wonderful Concours D’Elegance. We all look forward to 2021.

Tomorrow, some restaurants are opening for indoor dining, the shopping center is opening, some hotels, the gym, etc. I am hoping our cases of Covid-19 stay low. The majority of cases being reported are located in Salinas and mostly attributed to the agricultural workers. This is very sad. Living in the salad bowl of America, we certainly want our agricultural workers to stay well. We are all aware it will be a long process before we are back to normal and must be cautious until a vaccine is available. Stay safe and well.

2020 1st Quarter Market Statistics

I hope you are doing well during this unusual time.  Since the Covid-19 SIP, we have stayed active and happily can show homes again by appointment with strict guidelines. Pricing has stayed consistent and we will see how things develop over the next few months but we are all feeling positive.
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