According to the National Association of Realtors, vacation home purchases made up 21% of all home sales last year at an estimated 1.13 million, the highest level since 2003 and a 57% increase from 2013.
Distressed properties made up 45% of vacation home sales last year, the NAR reported. He added that popular vacation home areas, like the beach and mountains, tend to have a slower economic recovery pace. Click here for more details: Vacation Home Sales Exploded Last Year.
Equity Residences has created value for our investment partners by purchasing amazing properties at remarkable prices in prime locations. In addition to buying below market, we sometimes perform a value-engineered remodel that transforms a good deal into a great deal and a spectacular vacation home. Now, you have a unique opportunity to view the transformation of our new residence on the Big Island of Hawaii.
Tune into HGTV’s Building Hawaii on Sunday, April 19th at 12:30 PM ET 9:30 AM PT