Open houses attendance could fall amid coronavirus worries

Potential sellers are growing wary of letting the public into their homes

TRD NATIONAL /
Mar.March 09, 2020 09:45 AM
The latest gatherings to fall victim to the coronavirus could be open houses (Credit: iStock)

The latest gatherings to fall victim to the coronavirus could be open houses (Credit: iStock)

Coronavirus worries may be coming for New York City open houses, as sellers become more concerned about letting the general public into their homes.

Average attendance at open houses last weekend was 4.77 visitor groups, down from 5.62 the weekend before, according to Bloomberg, citing data from Halstead executive director of sales and leasing Fritz Frigan.

Frigan’s office, which monitors open house activity, has also seen one possible seller waver on whether to list a property over fears about visitors coming to see it. The broker told Bloomberg he is concerned about “a chilling effect” if the number of cases in New York City dramatically increases. New York City’s for-sale market is already contending with an oversupply of product.

The virus has already caused multiple real estate events to be postponed. Over the weekend, Gov. Andrew Cuomo declared a state of emergency as the number of cases in the state grew to more than 100.

Jodi Freed, who was preparing to host an open house at her three-bedroom apartment in Queens on Saturday, ultimately decided to call off the showing over fears about the coronavirus spreading.

“I have a son with asthma and a daughter who has epilepsy, and I really don’t want a million strangers in and out of my house,” she told Bloomberg. “I didn’t want to put my family at risk.” [Bloomberg] — Eddie Small


Related Articles

arrow_forward_ios
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock)

3M homeowners remain in forbearance

3M homeowners remain in forbearance
Mayor Bill de Blasio and the Lucerne Hotel at  201 West 79th Street (Getty; iStock; Google Maps)

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response
Gap CEO Sonia Syngal (Getty)

Gap Inc. will close 350 stores and exit malls entirely

Gap Inc. will close 350 stores and exit malls entirely
(iStock)

Dead weight: A breakdown of NYC’s rental listing glut

Dead weight: A breakdown of NYC’s rental listing glut
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
SL Green CEO Marc Holiday and 420 Lexington Avenue with Scabby the Rat (Getty; Google; SL Green)

Peace prevails: SL Green, Local 79 settle dispute over protests

Peace prevails: SL Green, Local 79 settle dispute over protests
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)

Hotelier Sam Chang’s businesses snagged millions in PPP loans

Hotelier Sam Chang’s businesses snagged millions in PPP loans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...