{"id":397,"date":"2020-04-02T05:52:58","date_gmt":"2020-04-02T05:52:58","guid":{"rendered":"https:\/\/reval.com.au\/blog\/?p=397"},"modified":"2023-01-26T23:40:37","modified_gmt":"2023-01-26T23:40:37","slug":"how-has-covid-19-affected-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/reval.com.au\/blog\/how-has-covid-19-affected-the-real-estate-market\/","title":{"rendered":"How has COVID-19 affected the Real Estate Market?"},"content":{"rendered":"\r\n<p>Everyone is wondering about what is happening with the real estate market in this new Coronavirus world. The truth is, no one has a crystal ball. On one hand, economic uncertainty and job losses are typically the reasons for decline in prices; on the other hand, the value of currency declining and hare market losses typically see safe assets like real estate have a price increase.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>What we can say, is for at least the moment; prices seem stable, and buyer demand remains very strong. A recent example was <strong><a href=\"https:\/\/www.reval.com.au\/5-collina-street-algester-qld-4115\">5 Collina Street Algester<\/a>. The target selling price for this property was $480,000 to $490,000. It was launched on Thursday 26th March at Offers Over $480,000. We conducted 13 Private Inspections and received 8 written offers. It went Under Contract at $487,000 on Sunday 29th March after only 4 days on the market.<\/strong>\u00a0<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>This isn&#8217;t month&#8217;s old information, as this has literally happened just a few days ago. We can&#8217;t give you any more certain or current indication about the state of the real estate market than this real life example. It\u2019s true that the COVID-19 pandemic may have caused a decline in auctions and prohibition of open home inspections, but the market has now become more innovative and responsive by using virtual tools in selling homes.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>If you are considering a sale and are wondering what the market might be like for your property, just give us a call, and we will be happy to have a chat and offer whatever advice we may be able to.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>Here at Reval Estate Agents, have motivated buyers calling us every day looking to buy; we just need a few more sellers to match them up with.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Everyone is wondering about what is happening with the real estate market in this new Coronavirus world. The truth is, no one has a crystal ball. On one hand, economic uncertainty and job losses are typically the reasons for decline in prices; on the other hand, the value of currency declining and hare market losses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,9,12,14,18],"class_list":["post-397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-blog","tag-corona-virus","tag-property-market","tag-real-estate","tag-real-estate-agents","tag-real-estate-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEO title preview:How has COVID-19 affected the Real Estate Market?<\/title>\n<meta name=\"description\" content=\"Everyone is wondering about what is happening with the real estate market in this new Coronavirus world. 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