Wailea Ekahi Real Estate

The NAR has released its latest research on the attitudes and characteristics of American vacation home buyers. Here are some key insights:

• 12% of all home purchases in 2007 were vacation properties;
• The median price for vacation properties declined 2.5 in 2007;
• The median buying age was 46;
• 81% of buyers were married couples;
• One property in five was in  resort area;
• 22% of buyers travel 1000 miles or more to their vacation home

For more tidbits and for our view as to how this impacts Maui real estate, please contact us!

This entry was posted on Wednesday, April 23rd, 2008 at 6:50 pm and is filed under General Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.