Back to All About SoWal

Real Estate Sales Market and Covid-19

EddieMyLoveBeach Comber
1,091 views
What are ya'll seeing these days as to sales activity? I thought at first that the market would be dead forever. In May, however, two brokers are telling me it isn't so bad in 30A or PCB. Showings were way down at first but are now down only a little - maybe 17%. One person told me he believes the buyers of Panhandle second homes are more affluent and less affected by the virus. I also saw an article that said Myrtle Beach sales were actually up 3% over last year.

I still don't know what to think but as an owner, I am thirsty for any good news.

Replies

5
EddieMyLoveBeach ComberAuthor
#2
Just spoke with Destin broker. She said she doesn't know about the future but the market is holding up fine so far.
EddieMyLoveBeach ComberAuthor
#3
Spoke with another broker on St George Island. She said that business there is not off at all. None of this is scientific but it IS encouraging.
Jim Tucker avatar
Jim TuckerBeach Fanatic
#4
Real estate report on SoWal home page for March closed sales were OK bu pending down 47%. There will be a lag and sales in the system but doubt many contracts were signed after mid March. Showings probably picking up again now a bit. We'll see a lot more remote sales photos and video more important than ever. Rental analysis also.
James BentwoodBeach Fanatic
#5
Spoke with another broker on St George Island. She said that business there is not off at all. None of this is scientific but it IS encouraging.
How is that likely if buyers are at home in Atlanta?
EddieMyLoveBeach ComberAuthor
#6

Duran Group stats through May 11.

Checking your forum account

Please wait while we verify your forum account.