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Great reporting reflects our market in Surfside Beach...found at http://www.realtor.org/press_room/news_releases/2012/03/invest_vac_2011?om_rid=AAB0-8&om_mid=_BPdMihB8hkKksQ
Washington, DC, March 29, 2012
WASHINGTON (March 29, 2012) – Sales of investment and vacation homes* jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors®.
NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. Owner-occupied purchases fell 15.5 percent to 2.78 million.
Let me know if you want more information on buying an investment/vacation home in Surfside Beach. Call Suzan at 832-419-2878