COVID-19's Impact on Real Estate Valuations

Valuation of real estate during contemporary times is challenged and will continue to be so for several years. In a forced sale, a court should only consider pre-COVID-19 data whether it be comparable sales from 2018-2019, or financial data from the same period.

8 minute read June 01, 2021 at 12:09 AM
By
Michael Rikon
COVID-19's Impact on Real Estate Valuations

COVID-19 has significantly impacted real estate valuations. For example, under the comparable sales approach to valuation, valuators look at sales prices of similar properties in recent transactions, making adjustments for differences between those properties and the subject property.

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