Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
Good second home markets?

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 235
US
State
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:

Good second home markets?

Contributions: 25

Q&A

:16
Disc

:7
Photos

:2

Looking for some mid-priced vacation destinations where someone could either get a great deal on a second home, or where the market is holding up well. It's for a reporter. Anyone have any ideas? Thanks!

Flag content

March 06 - US

RSS

Replies (3)

Michael Emery, "MikeEmery"
Contributions: 2312

Michael Emery, "MikeEmery"

Real Estate Agent

Contributions: 2312

Q&A

:1927
Disc

:370
Photos

:15

Zillow All-Star

Since December 2008

View full profile

Well, if you are going to get a good deal on a second home, chances are it's in an area where the market is not holding up well!

I was in Cape Coral Florida almost three years ago. It's a nice planned community on the west side of Florida. The homes are an excellent value right now because this area (the Fort Myers market) happens to be the epicenter of the nationwide housing crisis. There's alot of brand new never lived in homes selling for a fraction of their worth from just a few years ago. If I could stand the sticky sultry Florida summers, I would consider it for a good retirement home.

Flag content

March 06

jal74
Contributions: 968

jal74

Contributions: 968

Q&A

:90
Disc

:878

View full profile

You need to be very careful when looking at traditional second home areas. Why? Boomers who are looking at an expected retirement date in 5-10 years and they look at their 401(k) statements, they are going to dump real estate to raise proceeds.

This will have the effect of seriously depressing real estate prices (ie they are going to continue going lower) in these locations for quite a while as forced selling continues. Add to that the amount of speculative buying that has no end demand in these areas and you get a real double whammy

Also - west coast of florida is subject to requiring hurricane insurance as part of purchasing that home. Its very, very expensive - significantly more than property taxes in most areas, and of course, its not deductible

Regards

Flag content

March 06

Caleb Yamanaka, "CHUTTA"
Contributions: 2545

Caleb Yamanaka, "CHUTTA"

Real Estate Agent

View my 9 listings

Contributions: 2545

Q&A

:360
Disc

:2100
Photos

:85

Zillow All-Star

Since October 2009

View full profile

Katie,

Second home destinations run the gauntlet. What are some of the criteria that this reporter might be looking for?

1) Sun or Snow?
2) How far from Resdience might they want to travel (i.e. if they are in New York, maybe they don't want to fly to Hawaii).
3) Activities? Hobbies?
4) Duration? For the 2nd home how long or how much do they expect to use it?

Just some questions. Anything else you think you can add?

Flag content

March 06

Have a question? Ask it here.

Most Active Real Estate Agents

Conlon A Real Estate

431 listings

Local Expert
AdamShpritz

286 listings

Local Expert
RealtyExecutiveToday

243 listings

Local Expert
DANIELLE HARRELL

179 listings

Local Expert
Teresa Young

160 listings

Local Expert

See more real estate agents

Related Discussions

Discussion Prices are Going to Significantly Lower

Last reply by NTETS
6 minutes ago

In Home Buying
42 Replies - 665 Views

Discussion $8000 Tax Credit Extended and Expanded!

Last reply by NTETS
2 hours ago

In Home Buying
46 Replies - 648 Views

Discussion Handbags etc 4 u

Posted by dakota6jo
2 hours ago

In Rent vs. Buy
No Replies - 3 Views

Discussion Montreal search engine optimization company, Google top search engine placement, seo training course

Posted by jaedapiche
2 hours ago

In Rent vs. Buy
No Replies - 5 Views

Discussion NY Personal Injury Lawyer

Posted by scottcosmo
5 hours ago

In Rent vs. Buy
No Replies - 6 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide About First-Time Home Buyer Tax Credit

In Home Buying
Edited July 22

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Picking the Best Comps

In Using Zillow to buy
Edited May 04

See more articles about Home Buying

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by Dennis Lane

What is the best investment for the future?

Stocks and Bonds

Bank CD

Gold

Real Estate

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Good second home markets?

Contributions: 25

Replies (3)

Real Estate Agent

Contributions: 2312

Zillow All-Star

Contributions: 968

Real Estate Agent

Contributions: 2545

Zillow All-Star

Main Image

Have a question? Ask it here.

Most Active Real Estate Agents

Related Discussions

Discussion Prices are Going to Significantly Lower

Discussion $8000 Tax Credit Extended and Expanded!

Discussion Handbags etc 4 u

Discussion Montreal search engine optimization company, Google top search engine placement, seo training course

Discussion NY Personal Injury Lawyer

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide About First-Time Home Buyer Tax Credit

Guide You've Opened Escrow

Guide Picking the Best Comps

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor