Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers' rising stock portfolios.
"We haven't felt energy like this in a long time. Buyers sense that they've been on the sidelines long enough."
Some second homes had been stuck on the market because sellers wouldn't budge on price; unlike owners of primary homes, they often aren't in a hurry to move.
"Sellers have become aware that they have to price their homes accordingly," said Harald Grant, a senior vice president at Sotheby's in New York's ritzy Hamptons region. "
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from WSJ.com Market for Vacation Homes Is on the Rise
Even though we’ve yet to see a meaningful uptick in sales here in the Tucson foothills, this market usually lags other, larger, or more prominent markets by
3 to 6 months. So we’ll see.
