Baby boomer continue to buy their second homes here in sunny Florida.
Why not? We have warm sandy beaches, great weather and plenty of golf and resorts to keep retirees busy and engaged in activity.
Florida has been a top vacation home market for over 100 years!
Many people come here for a vacation and decide to buy a second home here.
Most of the people moving here come from high taxed states like New York and New Jersey. Getting out of the snow when you are in your 60's and 70's is also a big reason to buy here.
Canadians also buy here in Florida. Although because of the dollar, they have not been flocking here as they normally do.
There is an increased interest from Chinese home buyers.
Baby boomers keep fueling the Vacation Home and second home markets here in Florida.
This is a good thing, since many of our foreign nationals ran into some tough times in their economies.
2007 was the real estate bust here in South Florida. So that means the highest home sales were in 2006, because of the real estate bubble.
2015 happened to come in second place after 2007 for the highest number of second home sales, vacation homes according to the National Association of Realtors® 2015 Investment and Vacation Home Buyers Survey.
Many baby boomers are getting ready to retire and they are going to "propel the demand for second homes" ( Lawrence Yun)
The prices of homes are also on the rise because there are more second home buyers than their are homes to sell to them.
Vacation home buyers property style breakdown:
- 58% Single Family Homes
- 25% Condo
- 13% Townhouse
Vacation homes ( Second Homes) Locations:
- 40% Beach Area
- 19% Hill or Lake Front
- 16% Country
16% of the home buyers buy their second homes for future retirement.
If you are planning on buying a second home here in South Florida, contact us and we will find your perfect second home! Call Nestor at 561-753-0135.
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Our blog serves two groups - One is for Sellers and Buyers and the other is for real estate agents and brokers.
In real estate we service Wellington, Palm Beach, Royal Palm Beach, Port St Lucie, Loxahatchee, Boca Raton, Delray Beach, Boynton Beach, Lake Worth and surrounding towns in Palm Beach County, Broward County and Miami/Dade County.
Nestor Gasset is the real estate broker of International Properties & Investments LLC. Click on our profile to read more about Nestor Gasset and his qualifications and experience. We sell properties others could not sell.
Call Nestor Gasset today to work with him in reaching your real estate goals: 561-753-0135
Llámenos hoy al 561-753-0135 para vender su casa.
Katerina Gasset is a real estate agent who is also a digital marketing strategies, website designer and consultant for real estate brokerages, agents, entrepreneurs and small business owners.
Katerina is a Certified Digital Marketing Funnel Expert. She is the creator and owner of Listing Experts Academy teaching real estate agents and brokers how to dominate their marketing on the internet.
She develops products and online courses to empower real estate agents to reach their marketing, SEO, social media and branding goals. Katerina Gasset is a blogger, author, podcaster, and keynote speaker.
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