A recent survey reveals how the 2024 election could influence real estate decisions nationwide, with significant implications for Los Angeles. According to Redfin and Ipsos, 22% of Americans are more likely to move post-election, with 26% exploring moves to another state and 36% considering international relocation. Political alignment is a key factor, as 27% of respondents hesitate to live in areas with opposing beliefs.
Additionally, 25% of first-time buyers delayed purchasing until after the election, while 17% are now more inclined to buy, and 12% are considering selling.
For Los Angeles, this means buyers and sellers might prioritize areas aligned with their personal and community values, affecting demand in specific neighborhoods. As a luxury real estate agent, it’s crucial to understand these shifting priorities and tailor strategies to meet evolving client preferences.
Key insights for Los Angeles:
- Buyers may focus on neighborhoods reflecting their values.
- Sellers should position their homes to attract value-driven buyers.
- First-time buyers might enter the market cautiously but motivated.
The election has added a new layer to buyer and seller motivations in Westside Los Angeles, particularly in luxury and high-value markets. Understanding these dynamics can help navigate shifting trends and connect clients with their ideal properties.
Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information:
📞 310-620-1038
📧 [email protected]