Second Place – Getting Away From It All – Part IV

A national and local look at how the vacation- and second-home market is faring. By Gayle Bennett – Reprinted from The Real Estate Specialist

Getting Away From It All

Vacation homebuyers tend to want some distance between their second houses and home bases, with 200 miles being the median.

5 miles or less 5%
6-10 miles 4%
11-15 miles 4%
16-20 miles 2%
21-50 miles 10%
51-100 miles 13%
101-250 miles 16%
251-500 miles 11%
501-1000 miles 11%
1001+ miles 24%

….. But No Too Far Away
Investment buyers, on the other hand, tend to want to stay close to their supplemental properties, often acting as landlords.

5 or less 21.8%
6-10 13.9%
11-15 7.9%
16-20 5.9%
21-50 16.8%
51-100 5.9%
101-250 6.9%
251-500 4%
501-1000 5%
1001+ 11.9%