The Coronavirus, also known as COVID-19, shut down the world’s economy for a period of time in 2020, millions of jobs were lost because of it and it put millions on unemployment in the United States. Some renters stopped paying rent causing some landlords to struggle to pay their mortgages. The effects of the virus are well known, sickness, panic, and even death. But how has the lockdown of people and the economy affected the luxury home values in Dallas and North Texas?
If you want to know the answer contact us and we will put together a free home value analysis and email or text it to you. Please put “Dallas Luxury Home Value” in comments and please include your name, email address, phone number and property address.
Keep in mind that the Dallas and North Texas luxury real estate markets were doing great in 2019 and 2020 just before the Coronavirus hit. It was mostly a seller’s market and in many price ranges there were multiple offers from buyers on properties. Coronavirus came and essentially shut down the real estate market only allowing for viewing online or virtually. Wisely the State of Texas added real estate services to the essential services list and allowed showings as long as the virtual tour was not sufficient and while viewing homes social distancing and proper precautions were taken. Real estate slowed but new listings hit the Dallas market and sales continued. Most business was done virtually, through email and on the phone. Now showings have started again with social distancing and other safety protocols in place in Dallas.
I’m sure many homeowners are wondering about their homes value. They may be getting ready to relocate, moving due to military relocation, getting ready for retirement or they may have just purchased a home and are now concerned about their homes value. Knowing the value of your Dallas home and the expected time on market needed to sell it is essential. Having this home value assessment completed by a local expert is now even more important. You can use our “What’s my Home’s Value” page that uses an automated home value tool to provide an estimate but please remember that it has no way of knowing the Coronavirus effect on the value of a home in Dallas. Please use a local expert with years of experience to guide you through this process.
We’ll get through this together!
About us: Dallas Luxury Real Estate Agents
As top Dallas luxury real estate agents and Dallas relocation specialists, we take great pride in using our expertise, resources, and global connections to perfectly unite extraordinary places in a variety of lifestyle categories and price points. Discover why we are one of the most respected teams for buying and selling in the Dallas area. It is also important to highlight that luxury is an experience, not a set number. Price point does not define luxury. We provide the same elevated experience to every client. From sky residences in Downtown Dallas’ premier high rise buildings to distinguished properties throughout cities like Southlake, Highland Park, Westlake, Lakewood, Preston Hollow and University Park, we offer real estate buyer and seller representation services that give our clients the edge when buying or selling luxury real estate in Dallas metro area. Our commitment and daily dedication is to delivering a high level of expertise with extensive hyper local market knowledge, savvy negotiations and innovative technology.