by Don Martin ~ April 16th, 2012
We have been telling folks for months that activity in the local market was trying to recover. 2011 was actually one of my better years in total sales volume – admittedly, I reached that level with many smaller sales as opposed to fewer small ones. I am pleased to report that 2012 is continuing on the same kind of pace and home values are actually beginning to recover a little. Late last month the National Association of Realtors released the results of its survey of Investment and Vacation Home Buyers and they confirm a national trend to support what we are seeing locally.
The sale of vacation homes grew a respectable 7% in 2011, the growth in investment homes surged an amazing 64.5% I will have local sales information from 2011 posted in a few days. If you would like to read the entire article from the National Association of Realtors (NAR) you can do so at this link: NAR Reports Investment and Vacation Home Sales Surge in 2011
See ya ’round the mountains,