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Desert Mountain Real Estate in Scottsdale

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COVID-19 Impact on Scottsdale Real Estate Market

March 30, 2020 by Carmen Brodeur

The COVID-19 pandemic has caused turmoil throughout the world. I hope everyone stays home and stays safe during this unprecedented time. Our team is following CDC guidelines and working remotely for the foreseeable future. We are continuing to help clients while complying with safe social-distancing recommendations.

The Scottsdale real estate market has slowed down considerably. Most buyers are waiting to see how this turmoil will affect prices. Many sellers have taken their homes temporarily off the market because they don’t want anyone to bring the virus into their home. Those homes that remain on the market may or may not be allowing showings. Strange times indeed.

Many buyers have reached out to me about how this will affect them. Will prices drop? Should I wait to buy? Can I even get a mortgage? There are many variables and unknowns currently. I am sure real estate sales will decline for the next 3 months or more. The competition will be down and prices will soften. I don’t, however, expect any dramatic price declines, in parallel to the stock market. I think most sellers will simply wait on the sidelines.

Stay strong, we are here to help in any way that we can. Best wishes to you and your family for good health.


Carmen Brodeur JD

Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.DesertMountainHomesOnline.com

 

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Meet Carmen

Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Realtors in Arizona every year 2015-2020, by Ranking Arizona Magazine. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale close to Loop 101.

Trillium Properties, LLC
9825 E Bell Road, Suite 120
Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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