In an earlier post, we mentioned that recent figures from The National Association of Realtors show an upward trend in the number of second homes purchased for investment purposes. Good News : The National Association of REALTORS® said Monday (6/7/2010) that sales of previously owned homes rose 7.6 percent to a seasonally adjusted annual rate of 5.77 million. That was the best showing in five months and better than the 5.63 million units economists had expected.
And earlier this year, Barron’s sized up the market for upscale second homes, “one of the greatest luxuries of all” as reported in Resort Life : “ To help you in the hunt, Barron’s has selected the 10 best places in America for second homes. These alluring locales have it all: gorgeous houses, spectacular views, world-class golf, fishing and skiing, fine dining and great shopping. You’ll find the complete range of lifestyles, from peaceful and easy to vigorously social.”
Of course! Asheville, N.C. made the Top 10 List. For those of us who live here that’s a definite YES! Says Resort Life, “ Nestled in the mountains of North Carolina, Asheville offers a four-seasons lifestyle with just enough culture and good restaurants to keep urban-withdrawal pangs at bay. Some homebuyers come from the Northeast, and many come from Florida to beat the heat. …. The town has a university and a thriving art scene. …”
Median Price Close to Downtown Asheville : $700,000
with Vacation Homes and Cabins by a Stream in the outlying areas being in the $350K range.
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