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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
    • Laurel Canyon
    • Malibu
    • Mount Olympus
    • Platinum Triangle
    • Pacific Palisades
    • Rolling Hills
    • Sunset Strip
    • Trousdale Estate
    • Wilshire Corridor
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US
Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
        • Bel Air
        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
        • Sunset Strip
        • Beverly Hills
        • Beverly Park
        • Beverly Hills Flats
        • Birds Streets
        • Wilshire Corridor
        • Laurel Canyon
        • Mount Olympus
        • Platinum Triangle
        • Pacific Palisades
        • Rolling Hills
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US
PACIFIC PALISADES REAL ESTATE

3 ways COVID 19 impacts the value of Los Angeles Homes

By

Erik Brown

Posted in Video Blogs On November 23, 2021

How does the coronavirus impact the value of your Los Angeles Homes?

Table of Contents

  • How does the coronavirus impact the value of your Los Angeles Homes?
  • No 1; Supply and Demand
  • No 2; Sellers are Extremely Realistic
  • No 3; Space Awareness
It’s a question or one like it that I am asked every day, and the answer is not quite what you think the market hasn’t been as affected and in some areas not at all compared to what many may think is happening, and the reasons are three.

No 1; Supply and Demand

Supply and demand even though there may be fewer international buyers because they’re not traveling or fewer buyers in general based on unemployment, sellers have also retracted the volume of homes that have been on the market, which normalizes supply and demand. I’m also finding that in certain markets like Los Angeles, unemployment hasn’t affected the volume of home buyers that might still be in the market, making it still, as I said, supply and demand very much an aggressive market.

No 2; Sellers are Extremely Realistic

Sellers understand that we are in a new world. They need to price accordingly to where the market would be, so you’re finding more sellers being realistic and fewer buyers in the marketplace. It still has the ability to drive prices upward. I have multiple clients these years that have been multiple offers already, which doesn’t make sense.

No 3; Space Awareness

Most importantly is that homeowners renters people living in space have never been more intimately aware of their surroundings a lack of yard or a lack of a home office a lack of the type of space they want, and it is pushing them to want to move these all roll together to show that the pandemic hasn’t affected home prices or evaluations as much as you would think now I would love to able to answer any other questions that you have about what’s happening in home buying selling or investing Click Here. I would love for you to schedule a 15-minute community call with me. There is no pressure. There is no selling; I’m just here to be a resource for everyone here within the community now. At any point, if you are interested in buying or selling, I have a checklist that I would love to be able to send you that includes some great information about today’s environment I think you would want to see, and I’ll pass it to you for free. The only favor that I would ask is if you are considering buying or selling that I get a chance to interview for the job, so until then, this is Erik Brown, your local real estate agent. Visit us… Compass Realtor/ Broker (BRE: 01958545) Beverly Hills: 424-239-6519 Minneapolis: 612-294-0447
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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…
But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

If you are interested in buying or selling a home and appreciate… and deserve… a luxury real estate experience, then click here. Get an idea of the differences.

Enter your contact information below and let us know if you’d like a complimentary VIP package sent to you asap.

Erik Brown / DRE: 01958545
Compass
9454 Wilshire Blvd, Beverly Hills, CA 90212
Los Angeles real estate blog

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ERIK BROWN
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Equal Housing Opportunity In Beverly Hills Real Estate
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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