New Report on Vacation Homes
The National Association of Realtors just published a report that says over 1/3 of recent home sales were of vacation properties (13%) or investment properties (24%). The median price of a vacation home nationwide is at $190,000 while the median price of investment properties is $148,000. These trends are expected to continue as more investors put their money in real estate instead of the stock market. The upcoming retirements of the Baby Boomers is also likely to strengthen these trends. For those who own property in Leavenworth or Lake Wenatchee this is great news!