A down market means opportunities — and not just for primary homes. We’ve identified seven areas you won’t want to overlook in your search for that perfect resort/vacation home.
Finding Values in Florida
Jane Araguel, a Realtor based in Destin, Florida, will always remember the 2004-2005 hurricane season.
“This area went 65 years without a hurricane. Then [...]
Welcome Home to the Hamptons
It’s going to take more than a major economic crash to bring the Hamptons down. Here in America’s most revered playground, where the closer a property is to the ocean, the more expensive it will be, buyers and sellers are getting a little creative.
For example, if you want to live near [...]
Carolina’s Four Seasons
In 2004, a diver using a global positioning system located a turn-of-the-century lodge beneath a deep lake in South Carolina. The old bed-and-breakfast, buried when a water dam flooded the Jocassee Valley in the 1960s, was still intact. The news caused such a sensation that “it was almost like finding Titanic,” jokes Realtor [...]
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Aspen has been spared the full impact of the real estate slowdown nationwide. The average sale price of an Aspen home is down only 11 percent from 2008, a far cry from the 30- to 60-percent drops some areas have experienced.
“We sit in such a unique place in the world that the blow seems to [...]
Real estate in Maine isn’t just about the square footage within a home, but the memories that are obtained within the home’s walls.
“Most of the high-end properties around here are not primary residences,” explains Story Litchfield, broker at LandVest, Inc. “They might not even be a second home. They might be a third or fourth [...]
The National Association of Realtors announced the launch of Realtor University’s new online Webinar and Video Centers with cutting-edge topics designed to help Realtors in today’s changing market. Launched in partnership with Realty Video USA, Broker Agent Speakers Bureau, Learning Library Inc. and NAR’s Realtor University, The Webinar Center started with more than 30 webinars [...]
With the peso-to-dollar ratio at 13-to-1, health-conscientious residents and officials, and a scarce foreclosure market, buyers are finding security in Mexico.
“Land is well-priced and building material costs are the lowest in years,” explains Harriet Cochran Murray, owner of Cochran Real Estate. “Those who have a strategy of what to build can take advantage of these [...]
At first, the idea of droves of high-net-worth Californians fleeing the Golden State for the tax-friendly promised land of Nevada is sure to materialize in one’s mind as an overworked editorial cartoon. On closer examination, it becomes clear that these corporate company owners and vacation home hunters are making the most of a buyer’s market, [...]
A “savvy investor” plus the New York City-based real estate services firm Platinum Properties proved to be the correct equation to close a nearly $10 million sale in stunningly quick fashion this spring. On the market since 2007, the triplex south tower penthouse at The Continuum closed just 48 hours after the buyer was referred [...]
Jane Araguel, a Realtor based in Destin, Florida, will always remember the 2004-2005 hurricane season.
“This area went 65 years without a hurricane. Then all of a sudden we had four in a matter of months,” she says. “My telephones quit ringing in the first few months of 2005.”
Property values that had been spiking suddenly started [...]
