What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Steve Goodman, Realtor, Broker Associate

Locate Your Dream Home











Steve Goodman, Realtor, Broker Associate

Pinnacle Estate Properties, Inc.

Why This Is a Great Year to Sell Your Vacation Home

April 19, 2021


As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:

Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”

It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:

“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”

Not only are vacation homes seen as a potentially more pandemic-friendly way to travel and socialize, but they can also serve as an extended home-away-from-home. With more Americans being given the option to continue working remotely or retire earlier than expected, vacation homes can be used year-round. The NAHB explains:

“Remote work arrangements have made it possible for some wealthier Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area.  More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”

Bottom Line

The demand for vacation homes has increased and will continue to rise as we head into summer. If you own a house in a destination area and have thought about selling, now is a great time to take advantage of today’s high buyer interest. Contact a real estate professional to discuss the opportunities in your local market.


Tags:

Featured Listings

sold
Sold for $1,510,000 , 4+4 Sand Canyon, House + Guest House+ Barn + Horse Arena+Backyard Pool/Spa/Waterfall, Fire-pit, Built-in BBQ, Sports Court with Majestic Gated Driveway in Amazing Scenic Community, Panoramic Views, A Must See!
$1,510,000
sold
4
beds
4
baths
5,129
Sq Ft
sold
Must see this beautifully Upgraded and impeccably maintained Valencia end of Culdesac Today Tract home situated close to award winning schools, shopping, restaurants. Enter this Spacious 1624 sq ft, 4+2 model w/Newer Vinyl Dual Pane Windows throughout+ +
$619,900
sold
4
beds
2
baths
1,624
Sq Ft
sold
* SPECTACULAR View Home situated atop prestigious Gated West Hills-Valencia offering Master Balcony and Breathtaking Unobstructed Panoramic View on Premier Lot, Built-in Spa and Cascading Waterfall, Private Side Yard & over $90k in upgrades. 1st Floor Bdm
$749,000
sold
4
beds
4
baths
2,502
Sq Ft
sold
MUST SEE-Unique-Beautiful Gated 2 Story West Hills Home at end of Culdesac with Sweeping Views +Privacy! This light & bright treasure boasts 2 balconies to enjoy spectacular views, private hillsides & situated on corner lot. Upgrades, Spacious! See Photos
$699,999
sold
4
beds
3
baths
2,280
Sq Ft

Recent Posts

Get Started!