Have you ever been on vacation in Massachusetts? This does not
only go for the plethora of American and foreign visitors, but
Massachusetts locals as well! We are so blessed to live where we
do. A State that has everything from top golf courses and beaches
to beautiful islands, mountains, cities and towns, there truly is
something for everyone in New England and in Massachusetts in
particular.
Massachusetts is a hub of education, sport enthusiasts, cultural
pride and significance, historical lure, shopping and charm. The
city of Boston must be highlighted as it truly is unlike any other.
As the epicenter of New England, what affords Boston such praise
and notoriety as a unique destination is its accessibility to many
other surrounding localities of the Northeast that all in their own
way offer polarizing and distinct attractions. Whether it is a
vacation to enjoy shows, dine in the finest restaurants and enjoy
the local fare, or if individuals are more inclined to hike, ski,
or go fishing, it really is all here in Massachusetts. Thus why it
comes as no surprise that vacation home sales in the Bay State have
skyrocketed of late.
It was only mere months ago when we reported in a past
blog how Massachusetts residents looking for a vacation home
are actually now looking to purchase in their States local markets;
now more than ever. Not only is the proximity to ones actual home
important, but the affordability from avoiding air fares and other
travel costs has become increasingly attractive. This coupled with
the fact that Massachusetts can still offer all or even more
vacation options than most other States can shows how this has
become a win-win for many who can afford this luxury of owning
another home.
A very impressive figure of 25% accounts for the improved sales
of vacation or 2nd homes over the past year of 2011 through the end
of August, 2012. A great reason for such optimistic news is highly
due to a renewed sense of consumer confidence in the market, a
better job market and an overall growing local economy allowing
individuals the financial freedom and ability to purchase vacation
homes again.
Looking to Cape Cod as an example where many vacation homes are
sought, the first quarter of 2012 alone showed a boost of 30% in
2nd home sales over the same corresponding quarter from 2011.
Another hot location, Berkshire Country, realized that from the
middle of June, 2012 through the middle of this past August, there
were 108 vacation properties under agreement with an additional 87
that had been sold. As a comparison, this same time period in the
peak of summer for 2011 only resulted in 58 of these type of homes
being sold.
Throughout Massachusetts there is a growing notion of
acceptability that the market has turned around. It is becoming
incredibly evident that locals and visitors alike are looking to
purchase property, be it for an investment, a family home or a
vacation property with current sales numbers similar to those seen
back in 2007. As a result, individuals are not only looking to buy
in this State due to its vast array of activities and attractions
as mentioned above, but are also doing so because there is such a
strong belief and statistical backing that the market is on the up.
This then goes to show that such an investment in a vacation
property is not only one to enjoy today but is one that looks to be
profitable as we continue on into the future. Let an agent at
Gibson Sothebys International Realty help you satisfy any of your
Real Estate needs across our lovely State and perhaps even help in
the process of making vacation home ownership your next
reality.
More Information: Boston Business
Journal More on Vacations: Vacationing in New England