Naples, Florida Tops Second Home Market Index for March 2005
EscapeHomes.com, which offers consumers real estate tools and listings for vacation, investment and retirement homes, released the March results of it’s Second Home Market Index. EscapeHomes.com created the Index to help provide ongoing visibility into this booming segment of the residential real estate market.
San Francisco, CA (PRWEB) April 15, 2005 -- EscapeHomes.com, which offers
consumers real estate tools and listings for vacation, investment and retirement
homes, released the March results of it’s Second Home Market Index.
EscapeHomes.com created the Index to help provide ongoing visibility into this
booming segment of the residential real estate market. The Index provides
information on trends and consumer interest, while also giving a clue as to
hidden markets for real estate investment.
“We
developed the Second Home Market Index to follow changes in where people are
looking for second homes. We’ve seen some interesting shifts and changes, but
ultimately areas like Naples Florida and Myrtle Beach South Carolina dominate
the index. Oceanfront destinations continue to be the most desirable second home
locations. As you can see 7 of the 10 destinations on this month’s list are
great coastal towns” said EscapeHomes.com President David Hehman.
The
results are based on more than 200,000 property searches made on the EscapeHomes
website, http://www.EscapeHomes.com, during the month of March,
2005.
March 2005 Top 10 Second Home Markets
1- Naples,
Florida
2- South Padre Island, Texas
3- Myrtle Beach, South Carolina
4- Destin,
Florida
5- Orlando, Florida
6- Tampa,
Florida
7- Florence, Oregon
8-
Napa, California
9- Venice, Florida
10- Park City,
Utah
March found Naples, Florida moving to the top of
the list, while last month’s number one town, Myrtle Beach, South Carolina
dropped to the third position. South Padre Island, Texas remained in the second
position while Orlando, Florida moved up to the sixth position. New to this
month’s index are Park City Utah, Destin Florida, Tampa Florida, Florence
Oregon, Napa California and Venice Florida.
Some changes in the March
Index were due to low inventory and a lack of affordable beachfront property in
Myrtle Beach. Interest in Orlando is on the rise because of a strong year round
rental market and its popularity with European buyers who are taking advantage
of weak U.S. dollar.
Investors comprised 34% of the Naples home seekers,
while 30% are looking for a retirement home, 24% are searching for a vacation
property, and 12% are planning to relocate.
“The Naples housing market is
booming because the area truly offers something for everyone. It has one of the
top beaches in the country, world-class fishing, a perfect tropical climate, a
diverse and international population, fantastic boating, and it’s a golfer’s
paradise. There is also a wide variety of housing options available ranging from
$200,000 condos to $45 million homes,” explains Chris Bensen(http://www.escapehomes.com/main.aspx?tabid=59&SearchType=Advanced&Bio=1&userid=6727)
with Coldwell Banker Naples North.
About EscapeHomes.com:
EscapeHomes.com, The Smart Source For Second Homes, is the only online real
estate marketplace focusing exclusively on the second homebuyer and seller,
bringing together people searching for vacation, investment, and retirement
property with the properties and real estate professionals that meet their
needs.
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Source : http://www.prweb.com/releases/2005/4/prweb228884.htm