The election effect

Sales volume has increased 16% year-over-year and we continue to see a steady increase in inventory. We anticipate this trend continuing throughout the summer but our market still only has 1/4 the number of active listings during the same time of year prior to the pandemic (June 2019).

As we approach the presidential election later this year, many homeowners and investors are concerned about its impact on the real estate market. Elections bring about discussions on policy changes and economic shifts that influence the housing sector. However, there are several positive aspects to consider that could benefit our markets.

Economic stability and growth
Presidential elections often prompt conversations regarding how economic policies enhance market stability and growth. Candidates typically propose measures to stimulate the economy, which increases consumer confidence. This optimism encourages investment in luxury real estate as buyers feel more secure about their financial future.

Potential tax incentives
During election seasons, candidates almost always propose tax incentives to appeal to voters. These incentives usually include favorable property tax rates or deductions for real estate investments. Luxury homeowners and investors benefit from such policies, making high-end properties even more attractive investments.

Infrastructure development
Election campaigns frequently highlight plans for infrastructure improvements. Enhanced transportation networks, improved public services, and beautification projects significantly boost property values. Coastal Delaware, known for its scenic beauty and prime location, stands to gain from such developments, increasing the appeal of luxury properties.

Increased market activity
Election years tend to increase real estate market activity as buyers and sellers push to finalize transactions before potential policy changes take effect. This heightened activity can lead to a more dynamic market, providing opportunities for luxury homeowners to sell at premium prices and for investors to find attractive deals.

Long-term investment opportunities
Elections bring about dialogue and platforms on long-term economic strategies and development plans. Investors looking at luxury real estate benefit from understanding these plans and identifying regions and properties poised for future growth. Coastal Delaware's unique charm and strategic location make it an excellent choice for those seeking long-term investment opportunities.

I'm here to guide you through the potential impacts of the upcoming election. Staying informed and proactive, we can capitalize on the opportunities that arise and ensure your investments thrive. Contact me if you have any questions. -Henry