Dreaming of a vacation home?

Data from the 2011 NAR Investment and Vacation Home Survey shows vacation-home sales accounted for 10 percent of all transactions last year and investment sales were 17 percent of the overall market.

The median vacation-home price was $150,000 in 2010, while the median investment-home price was $94,000. The typical vacation-home buyer was 49 years old with a median household income of $99,500 and purchased a property that was a median distance of 375 miles from their primary residence. Investment-home buyers had a median age of 45, earned $87,600 and bought a home within a median distance of 19 miles.

Thirty-four percent of vacation-home buyers said they plan to use the property as a primary residence in the future, as did 10 percent of investment buyers.  

Are you considering a vacation or investment home purchase?  Although we think Summit County, Colorado is THE BEST place for your second home, we can put you in touch with a real estate agent in the area of your choice-even if it's not Summit County!  Just let us know where you are considering buying and we will take care of the rest.

For local market conditions click here!
 

And Here's Your Morning Coffee!