With home viewings limited to virtual-only tours due to coronavirus, one bright note came out of the world of residential real estate.
A California builder has found success amid the coronavirus shutdown with virtual showings and sales. The Business Journal reports:
With home viewings limited to virtual-only tours due to coronavirus, one bright note came out of the world of residential real estate when one home builder launched and sold its new homes in near-record amounts and completely online.
De Young Properties launched the final phase of its newest community last month. In a 24-hour period on March 25, 68% of the De Young RidgeView Community’s 16 homes were purchased using entirely virtual methods.
De Young Properties’ RidgeView community at Locan and Teague avenues in Clovis now totals 58 homes. All of its original phases have already sold.
“To us, it was unprecedented, it was the first time we’ve ever completely sold and launched a community in a virtual setting,” said Ryan De Young, president of De Young Properties.Read More >