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Vacation Home Buyers in 2012

  • As we look forward to Memorial Day Weekend and the official start to summer here are a few vacation home owner statistics from a recent report.
  • The median vacation home purchase price was higher in 2012 than in 2011–$150,000.
  • The share of vacation buyers who did not use a mortgage rose slightly to 46 percent from 42 percent in 2011.
  • Since there were fewer distressed properties on the market in 2012, there were fewer that could be purchased. The share of vacation buyers who purchased a vacation property dropped to 35 percent from 39 percent in 2011.
  • However, the share does remain high—20 percent of vacation buyers purchased a home in foreclosure, while 15 percent purchased a short sale.
  • Vacation buyers expect to own their vacation home for 10 years.

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Jessica Lautz, Director, Member and Consumer Survey Research

Jessica Lautz is the Survey Research Manager. Jessica analyzes data and writes annual studies such as the Member Profile, the Profile of Home Buyers and Sellers, and the Commercial Member Profile.

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