Here are a few key takeaways to help keep you informed on how the COVID-19 pandemic is impacting luxury real estate.
Uncertainty Looms Large
As is currently the case with many markets, a wait-and-see approach is the safest way to go.
It’s fair to assume that city markets will be the most impacted by the pandemic.
The activity that continues in the luxury sector across the country tends to be focused in rural, suburban or second-home markets.
Real Estate Goes Remote
Agents are harnessing technology to provide virtual tours, drone footage and 3D floor plans so buyers can make decisions without leaving the safety of their homes.