Florida continues to dominate the second home real estate market; EscapeHomes.com releases Second Home Market Index results for June 2005

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EscapeHomes.com releases its monthly Second Home Market Index results. The top second home real estate destinations for June 2005 are announced. The most popular location was is Orlando, Florida.

EscapeHomes.com found Orlando, Florida to be the most searched for second home destination during the month of June 2005. EscapeHomes.com created the Second Home Market Index (SHMI) several months ago to provide ongoing visibility into this booming segment of the residential real estate market. The Index provides information on home buying trends and consumer interest, while also giving insights on possible up-and-coming markets for real estate investment.    

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

1- Orlando, Florida

2- Destin, Florida            

3- Naples, Florida    

4- Myrtle Beach, South Carolina

5- Ocean City, Maryland

6- Phoenix, Arizona

7- Venice, Florida

8- Galveston, Texas

9- Bend, Oregon

10- Las Vegas, Nevada

Florida continues to dominate the second home real estate market and accounted for 4 of the top 10 locations. Retiring Baby Boomers and International buyers have been major forces moving real estate in this state. The most noticeable shift in this month’s SHMI was made by Phoenix, Arizona, which moved up 4 spots to number 6. New additions to the list include Ocean City, Maryland; Bend, Oregon; and Galveston, Texas.

“Originally a small fishing village, Ocean City has grown to be one of the most popular vacation destinations on the East Coast. It’s now a year-round resort destination featuring world class sport-fishing, 17 championship golf courses, water sports, first class beaches and a full calendar of events and festivals throughout year. Located only 3 hours from the Baltimore, Washington area, Ocean City offers a variety of real estate opportunities for investors, baby-boomers and those looking for a getaway in a safe, clean and friendly town. In fact, this year the Travel Channel recognized Ocean City for having one of the ‘Best American Boardwalks’ and the beach was one of four recognized by the Natural Resource Council for its cleanliness and environmental friendliness,” explains Michael Maykrantz with Coldwell Banker Residential Brokerage. (http://www.escapehomes.com/main.aspx?tabid=59&SearchType=Advanced&Bio=1&userid=554)

About EscapeHomes.com:

EscapeHomes.com, The Smart Source for Second Homes, is the only online real estate marketplace focusing exclusively on the second homebuyer and seller, 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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