Gregory Englesbe
Real Estate Investing

Vacation Home Sales Soar in U.S. During COVID-19 Pandemic, Led by Southwest Florida

Making smart real estate investments is all about accurately forecasting future events, even when present circumstances point to risk.

Despite a virtual shutdown during first six weeks of the pandemic in 2020, the U.S. housing market bounded back into action with an unleashed glut of demand. It has been in high gear ever since, with home sale prices soaring and fierce competition for a limited supply of existing-homes.

One of the most interesting developments to emerge over the past year has been the surge in sales of existing homes intended for use as vacation properties and destination rentals.

Research from the National Association of Realtors found that vacation home sales rose 16.4% from 2019 to 2020, while the share of vacation home sales to total existing-home sales increased to 5.5%, up from 5% in 2019.

This year, the pace of vacation home sales has been even more dramatic. From January to April 2021, vacation home sales shot up 57.2% year over year and the share of vacation home sales to total existing-home sales rose to 6.7%.

For perspective, existing-home sales grew overall by 5.6% from 2019 to 2020, and by 20% during the early months of 2021 compared to 2020.

The most popular place for vacation home sales was Lee County, located on the Gulf Coast in Southwest Florida. This category of property accounts for 23% of the county’s housing stock, and with a median sale price of $247,000, they represent an affordable option. Home sales in Lee County increased by 10% in 2020 and the median sale price rose by 12.3%, according to the NAR.

Collier County, also in Southwest Florida, also saw a surge in home sales over the last year. The home to Everglades National Park, the Naples Zoo and the Bird Garden saw home sales increase by 4.6% and the median sale price climbed 10.2% to $314,000.

The NAR research found that vacation home counties in the U.S. — those whose housing stock has a high proportion of such homes — outperformed non-vacation home counties both in terms of sales pace and price appreciation.

In vacation home counties, exiting home sale rose by about 24.2% on average, compared to an 11.2% in non-vacation home counties during the pandemic. The analysis included 145 vacation home counties and 1,060 non-vacation home counties.

Other popular locations for vacation homes during the pandemic include counties in Michigan, the Carolinas, Massachusetts, New York and Maryland. The top 1% of vacation home counties included in the analysis were in 16 states.

The study also found that an increasing number of vacation home buyers were making all-cash transactions at closing. That number rose to 53% of all vacation home purchases from January through the end of April this year. In past years, that number has hovered around 50%. And compared to all existing-home sales, just 22% of purchases were all-cash transactions during the same period.

How do we make sense of this preference for vacation homes during a time of great uncertainty?

“Vacation homes are a hot commodity at the moment,” said Lawrence Yun, NAR’s chief economist. “With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.”

There also seems to be a growing recognition that these properties will serve a dual purpose as an asset. They can be used by the owner as they see fit for their lifestyle, or they can be rented out to help cover the mortgage and expenses.

For those looking to rent their properties, the bet being made is that the American appetite for vacationing is going to be strong in the years to come. After being stuck at home for a long period, a resurgence of getaways and sight-seeing presents an opportunity in the right markets to turn a property into a revenue generator in addition to a long-term investment, assuming the management and marketing of the property can be handled with grace.

Whether this trend continues as the worst of the pandemic recedes and more new homes hit markets across the country will be an interesting angle to follow. Watching how these counties perform and how well these investments pan out for buyers will go a long way toward establishing the wisdom of pouring cash into vacation properties.

Americans have been racing back to airports faster than the airlines expected as the floodgates to society are reopened. In the near-term, vacation homes give buyers every reason for confidence in their flexibility.

Photo Credit: Pixabay/

644 Comment

  1. Pingback: hydroxychloroquine
  2. Pingback: order stromectol
  3. Pingback: about stromectol
  4. Pingback: stromectol dosage
  5. Pingback: clomid male dosing
  6. Pingback: Anonymous
  7. Pingback: Anonymous
  8. Pingback: buy stromectol
  9. Pingback: ivermectin kaufen
  10. Pingback: cost of ivermectin
  11. Pingback: cialis dosis
  12. Pingback: buy tadalafil
  13. Pingback: sildenafil precio
  14. Pingback: cialis dose
  15. Pingback: sildenafil
  16. Pingback: cialis tadalafil
  17. Pingback: tadalafil citrate
  18. Pingback: cialis website
  19. Pingback: generic cialis usa
  20. Pingback: cialis tablets
  21. Pingback: cialis tadalafil
  22. Pingback: ivermectin 1%cream
  23. Pingback: win casino online
  24. Pingback: viagra covid
  25. Pingback: cialis coupon
  26. Pingback: ivermectin 200
  27. Pingback: ivermectin 6mg otc
  28. Pingback: ivermectin otc
  29. Pingback: cialis usa
  30. Pingback: 40 mg lasix
  31. Pingback: ivermectin 4000
  32. Pingback: lucky land slots
  33. Pingback: ivermectin 3mg
  34. Pingback: tadalafil otc
  35. Pingback: ivermectin 8 mg
  36. Pingback: mazhor4sezon
  37. Pingback: filmfilmfilmes
  38. Pingback: gRh9UPV
  39. Pingback: cost of stromectol
  40. Pingback:
  41. Pingback: TopGun2022
  42. Pingback: ivanesva
  43. Pingback: tadalafil walmart
  44. Pingback: Netflix
  45. Pingback: FILM
  46. Pingback: YA-krasneyu
  47. Pingback:
  48. Pingback:
  49. Pingback:
  50. Pingback: projectio
  51. Pingback: psy online
  52. Pingback: do-posle-psihologa
  53. Pingback: uels ukrain
  54. Pingback: DPTPtNqS
  55. Pingback: qQ8KZZE6
  56. Pingback: D6tuzANh
  57. Pingback: SHKALA TONOV
  58. Pingback: chelovek-iz-90-h
  59. Pingback: 3Hk12Bl
  60. Pingback: 3NOZC44
  61. Pingback: 01211
  62. Pingback: tor-lyubov-i-grom
  63. Pingback: film-tor-2022
  64. Pingback: hd-tor-2022
  65. Pingback:
  66. Pingback: cdc ivermectin
  67. Pingback: Psikholog
  68. Pingback:
  69. Pingback: 3backwoods
  70. Pingback: Link
  71. Pingback: psy
  72. Pingback:
  73. Pingback:
  74. Pingback: bucha killings
  75. Pingback: War in Ukraine
  76. Pingback: Ukraine
  77. Pingback: site
  78. Pingback: stats
  79. Pingback: Ukraine-war
  80. Pingback: movies
  81. Pingback: gidonline
  82. Pingback: web
  83. Pingback:
  84. Pingback: video
  85. Pingback:
  86. Pingback: rodnoe-kino-ru
  87. Pingback: confeitofilm
  88. Pingback:
  89. Pingback: sY5am
  90. Pingback: Dom drakona
  91. Pingback: JGXldbkj
  92. Pingback: aOuSjapt
  93. Pingback: ìûøëåíèå
  94. Pingback: psikholog moskva
  95. Pingback: Dim Drakona 2022
  96. Pingback: TwnE4zl6
  97. Pingback: psy 3CtwvjS
  98. Pingback: lalochesia
  99. Pingback: film onlinee
  100. Pingback: 3qAIwwN
  101. Pingback: video-2
  102. Pingback:
  103. Pingback:
  104. Pingback: 000-1
  105. Pingback: 3SoTS32
  106. Pingback: 3DGofO7
  107. Pingback:
  108. Pingback:
  109. Pingback:
  110. Pingback:
  111. Pingback:
  112. Pingback:
  113. Pingback:
  114. Pingback:
  115. Pingback: brutv
  116. Pingback: site 2023
  117. Pingback: sitestats01
  118. Pingback:
  119. Pingback:
  120. Pingback: 1703
  121. Pingback:
  122. Pingback:
  123. Pingback:
  124. Pingback:
  125. Pingback:
  126. Pingback:
  127. Pingback:
  128. Pingback:
  129. Pingback: bep5w0Df
  130. Pingback: www
  131. Pingback: icf
  132. Pingback: 24hours-news
  133. Pingback: rusnewsweek
  134. Pingback: uluro-ado
  135. Pingback:
  136. Pingback: klondayk2022
  137. Pingback: tqmFEB3B
  138. Pingback: mangalib
  139. Pingback: x
  140. Pingback: 9xflix
  141. Pingback: xnxx
  142. Pingback: 123movies
  143. Pingback: jozsildenafil card
  144. Pingback: sibluevi login
  145. Pingback: kinokrad
  146. Pingback: batmanapollo
  147. Pingback: canada levitra
  148. Pingback: femara other names
  149. Pingback: vsovezdeisrazu
  150. Pingback: 2023
  151. Pingback: vardenafil dosing
  152. Pingback: ipsychologos
  153. Pingback:
  154. Pingback:
  155. Pingback:
  156. Pingback:
  157. Pingback:
  158. Pingback:
  159. Pingback: sitemap
  160. Pingback:
  161. Pingback:
  162. Pingback:
  163. Pingback:
  164. Pingback: LORD FILM
  165. Pingback: kin
  166. Pingback: kinnit
  167. Pingback: jz
  168. Pingback: nlp
  169. Pingback: time
  170. Pingback: Cenforce order?
  171. Pingback: rasshifrovka karti
  172. Pingback: konsultaciya
  173. Pingback: more
  174. Pingback: 9999
  175. Pingback: 7
  176. Pingback: 777
  177. Pingback:
  178. Pingback:
  179. Pingback:
  180. Pingback: ivermectin tablets
  181. Pingback: 354
  182. Pingback:
  183. Pingback: depresiya
  184. Pingback: new 2024
  185. Pingback: film2024
  186. Pingback: 000
  187. Pingback: samorazvitiepsi
  188. Pingback: vardenafil citrate
  189. Pingback: trt gel
  190. Pingback: testosterone 1 gel
  191. Pingback: testosterone gel
  192. Pingback: augmentin 625 mg
  193. Pingback: vidalista
  194. Pingback: buy Cenforce pills
  195. Pingback: androgel for women
  196. Pingback: amoxicillin sleepy
  197. Pingback: dapoxetine 60mg
  198. Pingback: 1 androgel
  199. Pingback: vilitra 40
  200. Pingback: tadalista 60mg
  201. Pingback: air pro air
  202. Pingback: fluoxetine uses
  203. Pingback: lexapro v prozac
  204. Pingback: Anonymous
  205. Pingback: vidalista tablets
  206. Pingback: Cenforce brand
  207. Pingback: cenforce 150
  208. Pingback: spisok
  209. Pingback: super vidalista
  210. Pingback: Sildenafil Cost
  211. Pingback: lipitor 80 mg dose
  212. Pingback: vidalista 60
  213. Pingback: list
  214. Pingback: cenforce 200 india
  215. Pingback: vidalista 10
  216. Pingback: fildena
  217. Pingback: buy fildena online
  218. Pingback: cenforce 200 ebay
  219. Pingback: Buy clomid
  220. Pingback: clomid 50mg men
  221. Pingback: clomid for women
  222. Pingback: dapoxetine priligy
  223. Pingback: priligy online
  224. Pingback: human design
  225. Pingback: vidalista
  226. Pingback: mumbai kamagra
  227. Pingback: advair cost
  228. Pingback: buy advair online
  229. Pingback: buy Cenforce
  230. Pingback: Cenforce oral

Comments are closed.