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% |