Prime US Trip Dwelling Markets for 2024

As the vacations come to an finish, it is by no means too early to begin serious about holidays.

There have been some modifications within the rating of America’s hottest real estate markets for high-end trip properties this yr in comparison with final yr, and the highest spot this yr has seen a meteoric rise in reputation.

A new analysis of the second residence condominium market, Pacaso revealed which US counties have been the most well liked markets for luxurious trip properties in 2024, based mostly on the rise in second residence exercise, the proportion of second properties versus main residences and demand for properties priced above $700,000.

Listed below are probably the most sought-after locations for second properties in 2024, in response to the outcomes:

1) Cape Might County, New Jersey

A common view of Ocean Metropolis, New Jersey. (iStock/iStock)

The report reveals that Cape Might County, off the New Jersey coast, was catapulted from outdoors the highest 20 final yr to the No. 1 secondary vacation spot in 2024, and that wasn’t even not shut.

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Cape Might tops this yr’s record with a staggering ratio of second properties to main properties exceeding 150 %, because of its iconic seashore cities like Ocean Metropolis and Avalon, in response to the evaluation.

Pacaso attributes the world’s rise to its mixture of household actions, nightlife, cultural experiences and expansive seashores, coupled with its proximity to city facilities like New York City and Philadelphia.

2) Gulf County, Florida

Port St. Joe is a small city within the Florida Panhandle. (iStock/iStock)

3) Walton County, Florida

“In Florida, Gulf and Walton counties – residence to Panhandle cities alongside 30A and Naples – have gotten luxurious locations, providing prime beachfront properties which are uncommon in sizzling spots like Miami and Palm Seashore,” stated Austin Allison, CEO of Pacaso. RENARD Company.

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Whereas Florida’s East Coast counties like Palm Seashore (No. 13 on the record) are identified for his or her vibrant nightlife and cultural sights, patrons proceed to be drawn to the exclusivity of seashore residing. beachfront that the state’s west coast affords households, Pacaso stated.

4) Barnstable County, Massachusetts

A pair walks on the shoreline of Coast Guard Seashore in Eastham, Massachusetts, July 21, 2020. (Craig F. Walker/The Boston Globe by way of Getty Pictures / Getty Pictures)

Pacaso stated Barnstable County, Massachusettsresidence to iconic Cape Cod, continued to see development in trip residence purchases in 2024.

“This historic vacation spot has been a well-liked trip residence marketplace for a long time,” he stated, “identified for its charming oceanfront communities and historic ties to the Kennedy household, who vacationed there and owns the well-known Kennedy Compound.

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5) Collier County, Florida

Naples municipal seashore trying north with luxurious resorts and condominiums within the background. (Paul Harris/Getty Pictures/Getty Pictures)

In the course of the COVID-19 pandemic, many individuals have flocked to Florida counties identified for trip properties because of the state’s favorable tax atmosphere and craving for extra residing area. Collier County on Florida’s west coast, with an already massive marketplace for second properties, has grow to be a well-liked vacation spot for snowbirds. Naples and Marco Island are the county’s most notable cities, the place the typical second residence prices greater than $896,000.

*This text was initially printed on 12/17/24