Developing Trends Accelerate Secondary Home Market Nationally

Investment & Vacation Home Buyers Survey

In 2014, the share of buyers who purchased a primary residence dropped from 67 percent to 60 percent. The share of vacation home buyers continued rising to 21 percent from 13 percent. This is a percent change of 57.4 percent since 2013 and the highest share of vacation buyers recorded in this data set.” -NAR Survey

“One-third of vacation home buyers plan to use their property for vacations or as a family retreat, 19 percent plan to convert their vacation home into their primary residence in the future, 13 percent bought for potential price appreciation and 13 percent purchased because of low real estate prices and the buyer found a good deal.” -NAR Survey

“Among vacation buyers, 22 percent purchased in a resort area and 19 percent purchased in a small town—higher than other buyer types.” -NAR Survey
“More than 80 percent of vacation buyers and investment buyers reported that now is a good time to purchase real estate.” -NAR Survey
“Sixty-eight percent of investment buyers are likely to buy another investment property, and 49 percent of investment buyers are likely to purchase a vacation property in the next two years.” -NAR Survey
“66 percent of vacation buyers are likely to purchase an investment property and 58 percent are likely to purchase another vacation property in the next two years.” -NAR Survey
“Among primary residence buyers, 41 percent are likely to buy an investment property and 45 percent are likely to buy a vacation property in the next two years.” -NAR Survey

Free Property Investment Profile | Complimentary Home Value Estimate

2015 Investment and Vacation Home Buyers Survey 2015-04-01

Free Property Investment Profile | Complimentary Home Value Estimate