Hot Spots for Winter Vacation Homes
Hot Spots for Winter Vacation Homes
Properties in ski towns may offer a big income stream for second-home buyers. After all, vacation homes have been trending during the pandemic, whether it’s a home in a cold- or a warm- weather locale.
Second-home sales jumped 44% in 2020, according to data from the National Association of REALTORS®. Snowy hot spots are among those seeing surging demand. Searches for homes in ski towns surged 36% annually in the fourth quarter of 2020, according to research from realtor.com®. In fact, ski towns were rising higher in buyer interest than warmer areas of the country, realtor.com® noted.
Vacasa, a vacation rental management firm, identified the best places to buy a winter vacation home this year. The company factored in some of the top annual returns on investment for property owners if it’s used as a short-term rental. Vacasa researchers analyzed home sales data from the last 12 months in popular vacation destinations and ranked the markets using their cap rate, factoring in averages for property taxes, utilities, homeowner association fees, insurance, and property management fees, and median home costs. Here are the markets that topped its list:
Big Sky, Mont.
- Cap rate: 9.2%
- Median home cost: $541,842
Poconos, Pa.
- Cap rate: 8.2%
- Median home cost: $200,190
Conway, N.H.
- Cap rate: 6.5%
- Median home cost: $238,930
Killington, Vt.
- Cap rate: 6.2%
- Median home cost: $218,917
Vail, Colo.
- Cap rate: 6.1%
- Median home cost: $648,651
Big Bear, Calif.
- Cap rate: 6%
- Median home cost: $313,667
Breckenridge, Colo.
- Cap rate: 5.9%
- Median home cost: $588,324
Source:
©National Association of REALTORS®
Reprinted with permission
admin
For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.
Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.
Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.
When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.
For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.
