New Second Home Index Reveals Top Real Estate Markets

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EscapeHomes.com begins tracking market trends of vacation, investment, and retirement home buying. Based on over 200,000 searches, The Second Home Market Index charts the nationÂ?s ten most popular second home destinations.

EscapeHomes.com, which offers consumers real estate tools and listings for vacation, investment and retirement homes, introduces its monthly Second Home Market Index to chart the nation’s ten most popular destinations.

“The Second Home Market Index tracks consumer’s online searches, allowing us to identify the fastest growing and most popular markets,” said EscapeHomes.com President David Hehman. “Our goal at EscapeHomes.com is simple: help people find the right destinations, professional assistance, and properties that best meet their personal needs. Gaining insights into these top markets helps consumers do just that."

The results are based on more than 200,000 property searches made on the EscapeHomes website, http://www.escapehomes.com/, during the month of February, 2005.

February 2005 Top 10 Second Home Markets

1 - Myrtle Beach, SC

2 - South Padre Island, TX

3 - Naples, FL

4 - Holden Beach, NC

5 - Ocean City, NJ

6 - Las Vegas, NV

7 - San Diego, CA

8 - Park City, UT

9 - Orlando, FL

10 - Santa Fe, NM

Myrtle Beach moves up from number four in January to take the number one spot from Holden Beach, South Carolina, which falls to number four on the list. Investors comprised a whopping 62% of the Myrtle Beach home seekers, while 18% are looking for a vacation home, 15% are searching for a retirement property, and 5% are planning to relocate.

“If people are realistic about what they want and what they can spend, they can find their dream home here in Myrtle Beach. The area offers a wide variety of activities and there is truly something to be found in every price range,” explains Lorrie O'Brien of Prudential Burroughs & Chapin in Myrtle Beach, South Carolina.    

New cities moving in to the Top 10 List this month include Ocean City, New Jersey; San Diego, California; and Santa Fe, New Mexico.

About EscapeHomes.com:

EscapeHomes.com, The Smart Source For Second Homes, is the only online real estate marketplace focusing exclusively on the second homebuyer, bringing together people searching for vacation, investment, and retirement property with the properties and real estate professionals that meet their needs.

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Amanda Sturges
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