Welcome to Grand Parkway Realty! The place to go for up to the minute information on real estate in Sugar Land, Richmond, Rosenberg, Katy and Ft Bend County. We are specialists in the real estate market, and feel that we are second to none. Add to that, our vast experience and proven track record, and you have a winning combination which aids us immensely in accomplishing our mission. A mission which has been and always will be to satisfy our clients' diverse real estate needs, no matter how complicated they may appear when it comes to our abilities to analyze the local market.























Wednesday, April 7, 2010

Vacation-Home Sales Increased in 2009

Vacation-home sales recovered in 2009 while investment sales fell sharply, according to the National Association of REALTORS®. Half of vacation homes purchased last year were in the South.

Vacation-Home Buyers
· Only one in four vacation-home buyers plan to rent their properties to others.
· 26 percent of vacation-home buyers intend to use the property as a primary residence in the future.
· The vacation-home market share rose a percentage point to 10 percent.
· The median transaction price of a vacation home was $169,000 in 2009, compared with $150,000 in 2008.
· Three out of 10 vacation-home buyers in 2009 paid cash for their properties
· The typical vacation-home buyer in 2009 was 46 years old, had a median household income of $87,500, and purchased a property that was a median distance of 348 miles from their primary residence.
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)