Interested in purchasing a vacation home?
The second-home market, including vacation homes and investment property,
is strong and thriving. Approximately 5 percent to 6 percent of all homes
sold each year are second homes. In recent years, a rising percentage of
buyers have been purchasing for investment purposes. 2003 was likely a record
year for second-home sales with an estimated 445,000 transactions.
A survey conducted in 2003 showed that 15 percent of homebuyers were either purchasing
a second home, already owned a second home or were buying a new primary residence
and keeping their existing property as a second home. Assuming that second home values
have appreciated at least as much as the overall market, the median price in 2003 was
probably in the range of $190,000 to $200,000. Given the strong demographic demand from
baby boomers, combined with a desire to diversify portfolio assets into more secure
investments, this market is expected to remain strong for many years to come.
Much of the most desirable land for building recreational property has already been
developed in established vacation-home destinations. That will support healthy price
appreciation in the future, improving the investment considerations for recreational
property. Research shows a long-term rise in the second-home market segment.
The Orlando area makes both a great vacation destination, as well as a strong investment
opportunity. Please contact us to discuss your needs and various options.
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| | Enjoy Your Self!
Swim, sun tan, play sports or relax. You can at Venetian Bay! -> | |
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| | Fun for the Family!
Visit the theme parks or hang out. There is plenty to do for children too! -> | |
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| | Have you been thinking about buying a vacation home? The possibilities are endless! -> | |
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