According to the National Association of Realtors® 2013 Investment and Vacation Home Buyers Survey, vacation homes continue to be important to American homebuyers. The study revealed vacation home sales rose 10.1 percent in 2012 over 2011. Favorable conditions, like a strong stock market recovery, helps more people in the prime ages for buying vacation homes and appears to be driving second home sales.
Second home prices also rose in 2012. The median vacation-home price was $150,000 compared with $121,300 in 2011, reflecting a greater number of more expensive recreational property sales in 2012. Investment-home prices also rose to $115,000 in 2012 compared to $100,000 in 2011.
“Are two houses better than one?”