From the WSJ Real Estate Archives

Houses on the Market
In Second-Home Locales

by Sheree R. Curry
From The Wall Street Journal Online
April 26, 2006

Vacation-home sales rose 16.9% last year to one million purchases, with 21% of buyers saying the home would become their primary residence upon retirement, reports the National Association of Realtors.

  • Baileys Harbor, Wisc.
  • Dewey Beach, Del.
  • Honolulu, Hawaii

PLACE/PRICE: Baileys Harbor, Wisc. / $759,900

PROPERTY TAX*: $4,977 per year

THE PROPERTY: 3 bedrooms, 2 baths, 2 half baths

DESCRIPTION: This Nantucket-style 2-story on Lake Michigan has its own sand beach and a 3µ car garage that fits a large boat. This 2001 home has 3,050-square feet.

NOTABLE: The Midwest has the largest concentration of vacation homebuyers, accounting for 33% of vacation home sales. About 31% of buyers use the houses as a family retreat.

* Note: Current owner's payment. ** for county only.

Sources: realtor.org, escapehomes.com, century21door.com, judyatthebeach.com, coastalhawaii.com

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