According to California Association of Realtors® Newsline, vacation home sales have surged. Here’s the story:
“Vacation Home Sales Surge in 2013
Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the NATIONAL ASSOCIATION OF REALTORS®’ 2014 Investment and Vacation Home Buyers Survey.
The survey, which covers existing- and new-home transactions in 2013, shows vacation-home sales jumped 29.7 percent to an estimated 717,000 last year from 553,000 in 2012. Investment-home sales fell 8.5 percent to an estimated 1.10 million in 2013 from 1.21 million in 2012. Owner-occupied purchases rose 13.1 percent to 3.70 million last year from 3.27 million in 2012. The sales estimates are based on responses from households and exclude institutional investment activity.”
If you are considering buying a vacation home or an investment home in the Santa Barbara area, call me. I would be happy to help. Jeanne O’Brien Left Coast Realty ~ Luxury Living (805) 696-8613
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