California real estate
A house right on the beach, maybe a cabin in the woods surrounded by the magnificent fall foliage, or perhaps a rustic lodge in the mountains near the ski slopes. Whatever your dream vacation home happens to be, what if it turned into your best investment as well?

Not only do many second-home markets have solid returns, some even post profits that rival or surpass those in the nation’s hottest markets. Plus, some of these vacation spots are surprisingly affordable, with plenty of bargains to be had. Realtor.com ranked the most lucrative second-home markets in the nation, the places where sellers are walking away with biggest profits.

To find the country’s most profitable vacation-home markets, they looked at the 500 largest metropolitan areas where second homes made up at least 12% of all of the properties. Then they focused on all of the homes that sold over the past 12 months and compared the most recent sale prices to their previous ones, going back as far as 2008. The profit was defined as the difference between the two sales.

1. Traverse City, MI

Annualized rate of return: 14%
Median home list price: $315,000

2. Claremont, NH

Annualized rate of return: 12%
Median home list price: $255,000

3. Clearlake, CA

Annualized rate of return: 11%
Median home list price: $325,100

4. Brainerd, MN

Annualized rate of return: 11%
Median home list price: $286,200

5. Port St. Lucie, FL

Annualized rate of return: 11%
Median home list price: $279,300

6. Bend, OR

Annualized rate of return: 11%
Median home list price: $442,000

7. Aberdeen, WA

Annualized rate of return: 10%
Median home list price: $229,500

8. Wenatchee, WA

Annualized rate of return: 10%
Median home list price: $449,100

9. Hilo, HI

Annualized rate of return: 10%
Median home list price: $494,100

10. Key West, FL

Annualized rate of return: 9%
Median home list price: $687,100

Questions? Contact Patrick Taba Today!
  • Patrick Taba

    Patrick Taba

    Branch Manager
    NMLS# 1553052

  • What's Your Property Worth?

    Find Out Now!
    X

    Get in Touch

    Contact Patrick Taba

    Patrick Taba

    24619 Washington Ave
    Murrieta, California 92562
    (949) 412-5192
    NMLS# 1553052

    Send an Email

    X Patrick Taba

    If you have any immediate questions or concerns don't hesitate to give us a call @ (949) 412-5192

    Oops! This is not an SSL site and our plugin works with SSL sites only.