Hot Vacation Home Markets Ripe for Investment in 2024
Lisa Mailhot | April 12, 2024
Buyers
Lisa Mailhot | April 12, 2024
Buyers
As the primary housing market navigates challenges like low inventory and high mortgage rates, the vacation home sector is emerging as a lucrative opportunity. New trends, such as metro-adjacent homes and rising vacation destinations, offer significant price appreciation and access to outstanding amenities – a potential goldmine for savvy agents.
According to data analyzed by Pacaso, a real estate firm specializing in co-ownership of luxury second homes, several markets across the United States are leading the charge in vacation home value growth. Here are the top destinations to watch in 2024:
The Sunshine State attracts buyers, with three counties securing spots on the watchlist. Volusia County leads the pack with a staggering 47% year-over-year increase in average second home value to $4,105,174. Orange County and Indian River County are also hot spots, with over 20% appreciation for luxury second homes.
The trend of "destination dupes" – budget-friendly alternatives to popular locations – extends into real estate. Washoe County, Nevada (home to Reno, the "biggest little city") experienced a remarkable 26% appreciation in second homes to $2,431,955. Brunswick County, North Carolina, and Jefferson County, Colorado, also witnessed impressive gains of 26% and 37%, respectively.
Summit County, Utah, the beloved home of the year-round destination Park City, has seen an 18% increase in second home values to $2,588,937 from 2022 to 2023. This cherished market remains a must-watch, with homes consistently delivering significant resale gains.
As buyers flock to these vacation home markets, agents can offer compelling solutions like co-ownership to drive more sales. With co-ownership listings curated in regionally-relevant destinations, agents can appeal to clients seeking the perfect vacation home while expanding their inventory and earning potential.
If you're an Orange County resident seeking a luxurious vacation home investment in one of these hot markets, let's connect. I'll guide you through the process and help you capitalize on these incredible opportunities.
The truth about institutional investors buying homes. Get real data on investor activity and what it means for Orange County homebuyers in 2026.
Why sellers regret not using a real estate agent. Learn how professional representation protects your investment and maximizes your home sale.
Thinking of selling your house as is? Learn the pros, cons, and smart strategies to maximize your sale price in Orange County's competitive market.
Why mortgage pre approval is essential before house hunting in Orange County. Learn how this crucial first step saves time and strengthens your offers.
Not ready to buy a home? Ask yourself these 5 critical questions first. Get expert guidance to make your homebuying decision with confidence.
Discover why the 2026 housing market presents unique opportunities for buyers and sellers in Orange County with favorable trends and economic conditions.
Your house didn't sell? Discover proven strategies to reposition your property, adjust pricing, and attract serious buyers in today's market.
Buyer demand is strengthening across real estate markets nationwide. Learn what this shift means for sellers and how to capitalize on renewed interest today.
Top 10 U.S. housing markets are set to rebound in 2026, fueled by millennial buyers. See how affordability, inventory, and mortgage rates are creating opportunities fo… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most
Get In Touch With Lisa
Broker Associate
949-877-7087
124 Tustin Ave Suite 200, Newport Beach, CA 92663
