Andrew Darda
O: (239) 319-2357
C: 239-849-3883
andrewdarda@gmail.com
Mike Darda
O: (239) 319-2357
C: 239-851-6494
mike@dardagroup.com

How A Strong Stock Market Affects The Second Home Market

 
Thursday, December 29, 2016

It has been quite an amazing ride for stock markets since the election.

Although the climb has to end at some point, stocks have shown no sign of letting up yet.

For an area like Lee County, this is an especially welcome trend.

We are, of course, living in a location where luxury second homes are a vital component of the real estate market.

Financial markets are, first and foremost, a reflection of confidence in the economy. And right now those levels of confidence are sky high.

This gives rise to a more investment-led mindset and helps to reinforce an already health second home market, which has seen healthy price growth in 2016.

Earlier this year a Corelogic report showed that equity levels were rising well above the national average in Florida. Indeed the state outperforms any other East of Colorado. This helps to create a perfect storm for would be luxury property investors, buoyed by a confident economic outlook and the possibility of strong returns soon, or perhaps even immediately after, purchase.

While stocks are on their current wild ride upstream, investors know that the ride doesn't last indefinitely and luxury property offers an excellent opportunity for risk diversification and a more measured and secure long term return.

Apart from the financial considerations, it's also very true that buying a second, or maybe third or fourth, property offers far greater lifestyle opportunities than a stock certificate.

We are in the last few days of 2017 and, as we increasingly look to prospects for the New Year, the likelihood is that, all things remaining equal, we're going to see a very lively luxury second home market in the coming months.

If you've been delaying the sale of your luxury property for any reason, we hope you find the above thoughts interesting and would of course be pleased to discuss the possibilities with you in more detail, so don't hesitate to contact us.

As this is our last blog of 2016, can we take this opportunity to wish you and your family a very happy, healthy and prosperous 2017.

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