LAS VEGAS (KLAS) — Despite the pandemic, the number of people buying vacation homes skyrocketed, this past year.
National Association of Realtors data shows a 44-percent increase in sales of vacation homes.
Vacasa, an international vacation rental management company, manage 23,000 properties in 400 different markets, according to Shaun Greer, Vice President of Sales and Marketing.
Here’s a look at their ten best places to buy a winter vacation home, based on the best cap rates, annual return on investment and ideal locations for a lot of outdoor activity and R&R
“Big Bear it shows up at number six on our list, it’s a good return rate at six percent, so if people are looking to divest into real estate, other assets, it’s a great investment, and Mammoth lakes also showed up, a little further away, for you guys, but another winter market on the list,” Greer said.
Greer says the reason for the surge is a combination of greater flexibility in work environment, with people willing to drive a few hours, instead of fly. He also attributes the surge to the super low interest rates right now.
If you are planning to buy a vacation home, his best advice is to visit the area, not just in one season — the most popular — but do it in the off-peak season as well.