The vacation home market is seeing new trends as the primary home market struggles with low inventory and high mortgage rates. Metro-adjacent homes and emerging vacation destinations are offering significant price appreciation and excellent amenities, making them a lucrative opportunity for agents. Here are the top vacation home markets to watch this year and how agents can appeal to buyers, including solutions like co-ownership.
Florida remains a popular destination, with Volusia County leading the way in average second home value and transactions. Orange County and Indian River County are also on the must-watch list for luxury second homes.
“Destination dupes” are budget-friendly alternatives to popular locations, providing affordable housing options with comparable amenities. Locations like Washoe County in Nevada, Brunswick County in North Carolina, and Jefferson County in Colorado have seen significant appreciation in second homes.
Summit County, Utah, home to Park City, has experienced an 18 percent increase in second home values, making it a top destination for buyers. Co-ownership remains a smart way to purchase a vacation home, with more listings in regionally-relevant destinations offering opportunities for agents to drive sales and earn money.
Pacaso analyzed U.S. counties with the biggest appreciation in second home value for homes priced above $1 million to determine the top markets to watch. Data from First American Data & Analytics was used for this analysis.
Pacaso is a leading co-ownership marketplace for luxury vacation homes, offering fully managed LLC co-ownership as a smart solution for buyers. Agents earn a 3 percent referral commission when their clients purchase a share of a Pacaso home in any market.
The vacation home market is experiencing new trends as the primary home market faces low inventory and high mortgage rates. Metro-adjacent homes and emerging vacation destinations are offering significant price appreciation and exceptional amenities, making them potentially lucrative for agents. Florida, Washoe County in Nevada, Brunswick County in North Carolina, and Jefferson County in Colorado are among the top vacation home markets to watch. The popularity of co-ownership as a smart way to purchase vacation homes is growing, providing more opportunities for agents to earn money and drive new business. Pacaso, a leading co-ownership marketplace, offers fully managed LLC co-ownership for luxury vacation homes, enabling buyers to enjoy a vacation home without bearing the full cost. Agents can earn a 3 percent referral commission when their clients purchase a share of a Pacaso home in any market. The analysis was done by Pacaso using data from First American Data & Analytics to identify the top U.S. markets experiencing the largest appreciation in second home values.
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