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These 3 multimillion-dollar megahomes hit the market in the middle of the pandemic—here’s why

Take a look inside these 3 megahomes that hit the market in the middle of the pandemic.

5/18/2020 2:56:00 PM

Take a look inside these 3 megahomes that hit the market in the middle of the pandemic.

Home-buying demand is starting to come back. It’s now 5.5% higher than it was prepandemic, with new listings increasing every week for the past month.

Key Points”Sellers are more committed to selling [now] than they were before — because of uncertainty,” said Los Angeles-based real estate broker Aaron Kirman.”As the stock market steadies and states begin to reopen, it’s sparking more confidence — and the financial ability to act — for our high-net-worth clients,” said Florida-based real estate broker Senada Adzem.

“It’s really been a conversation with each seller over their comfort level on when to list. We’re listing some now and holding many,” said New York-based real estate broker Noble Black.Home-buying demand is starting to come back.The number of customers reaching out to real estate agents was 5.5% higher in the week ended May 10 than it was prepandemic, according to

new data from Redfin. The real estate firm also said new listings have increased every week for the past month.Also, the number of homes Americans pulled off the market that were unsold — known as “delistings” — peaked in the 28-day period ended April 9, when 7.2% of active listings were delisted across Redfin’s business markets. Now, for the 28-day period ended May 8, that number is down to 6.6%.

Despite the worldwidecoronavirus pandemic, three top U.S. luxury brokers say now could be the best time to buy or sell your home.Here is a look at three megahomes that hit the market in the past week and what brokers are saying about each market:A $33.5 million compound in 90210

“The home has a historic stone archway imported from an old Lebanese church and nine unique fireplaces throughout the home from France,” says listing agent Aaron Kirman.

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