Vacation home purchases made up 21% of all home sales last year at an estimated 1.13 million, the highest level since 2003 and a 57% increase from 2013, according to a recent report from the National Association of Realtors. Distressed properties made up 45% of all vacation home sales last year with a median price of $150,000, an 11% decrease from 2013. Not surprisingly, a beach location was the most popular among vacation buyers, and 54% of properties were single-family homes.
South Bay Digs • April 10, 2015
