An Investment in Leisure Time Annual Study Reveals Nation's Most Expensive, Most Affordable Vacation Home Markets.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--June 7, 2000 $2.15 Million Dollars Separate The Nation's Most Expensive Resort Area, Aspen, Colo. & Nation's Most Affordable, Grayling grayling, common name for a brilliantly colored fish belonging to the genus Thymallus, of the family Salmonidae (salmon family), and closely allied to the smelt. Graylings are found chiefly in clear, cold, fresh waters of the Northern Hemisphere. , Mich. Coldwell Banker Real Estate Corporation (Coldwell Banker(R)) recently compiled its annual Resort Pricing Guide which provides average home costs for more than 280 resort markets within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and the Caribbean. The study provides a low-, medium- and high-price range for each market and classifies them into the four resort market categories; ocean/shoreline, mountain, lake/stream and desert. For the second year, Aspen, Colo., is the nation's most expensive resort area with a medium price range of $2.2 million and Grayling, Mich., is now the most affordable with a medium-price range of $51,000. The full study can be viewed at www.coldwellbanker.com. With vacation season under way, many families will be adding house hunting to their weekend plans. With a strong economy, low unemployment and increase in consumer confidence, homeowners are investing in second homes at their favorite vacation spot. "Many consumers, especially those in the baby boom generation are purchasing vacation homes within areas surrounded by their favorite leisure activity. The home can serve as weekend getaways today and as primary residence upon retirement," said Alex Perriello, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Coldwell Banker. "This is a trend that Coldwell Banker has been expecting over the last few years, and now our affiliates are also beginning to see younger buyers looking to resort markets for investment opportunities as well." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Perriello, there is a wide range of home prices available within each resort category, making second home ownership affordable to many people. The following list details the most expensive and most affordable vacation homes in select market areas included in the study: Nation's Most Expensive/Most Affordable by Category Category: Most Expensive: Most Affordable: ---------------------------------------------------------------------- Ocean/ Shoreline: Rancho Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. , CA-$1,500,000 Fort Myers Fort Myers, city (1990 pop. 45,206), seat of Lee co., SW Fla., on the Caloosahatchee River, near the Gulf of Mexico; founded 1850, inc. 1905. It has a tourist trade and light industry and is a shipping point for citrus fruits, winter vegetables, flowers (especially , FL - $115,000 Mountain: Aspen, CO - $2.2 million Ironwood ironwood: see hornbeam. ironwood Any of numerous trees and shrubs, found worldwide, that have exceptionally tough or hard wood useful for timber, fence posts, and tool handles. ,MI - $75,000 Cherokee Village,AZ - $75,000 Lake/ Stream: Sun Valley, ID - $650,000 Grayling, MI - $51,000 Desert: Scottsdale, AZ - $500,000 Bullhead bullhead, common name for several species of fish. See catfish; sculpin. bullhead Any of several species of North American freshwater catfish in the genus Ictalurus, valued as food and sport fishes. Bullheads are related to the channel catfish (I. City,AZ - $125,000 Most Expensive/Most Affordable in Each State Covered by the Study State: Most Affordable: Most Expensive: -------------------------------------------------------------------- AK (1) Juneau/Haines -$110,000 AR Cherokee Village - $75,000 Hot Springs - $145,000 AZ Bullhead City - $125,000 Scottsdale - $500,000 CA Running Springs - $90,000 Rancho Santa Fe - $1,500,000 CO Estes Park - $219,000 Aspen - $2,200,000 DE (1)Bethany-Rehoboth Beach - $155,000 FL Sebring - $85,000 Longboat Key/ St.Armands - $600,000 GA Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. - $145,000 Lake Lanier Lake Lanier (officially Lake Sidney Lanier) is a manmade lake in the northern portion of the U.S. state of Georgia. It was created by the completion of Buford Dam on the Chattahoochee River in 1956, and is also fed by the waters of the Chestatee River. - $375,000 HI Maui, Kihei - $245,000 Lahaina - $550,000 ID McCall - $150,000 Sun Valley - $650,000 IL Wonder Lake - $149,000 Sandwich/ Lake Holiday - $180,000 IN Angola - $127,000 Warsaw - $130,000 KY Cadiz/Lake Barley - $88,000 Danville - $120,000 MA Cape Cod - $180,000 Martha's Vineyard - $300,000 MD Ocean City - $150,000 Deep Creek Lake, Garrett County - $300,000 ME Sebago Lake - $200,000 York Harbor - $325,000 MI Grayling - $51,000 Glen Arbor - $430,000 MN Grand Rapids - $90,000 Garrison - $180,000 MO Pomme De Terre Pomme de Terre may refer to:
whitefish Any of several silvery food fishes (family Salmonidae, or Coregonidae), inhabiting cold northern lakes of Europe, Asia, and North America. - $150,000 Red Lodge - $225,000 NC Banner Elk - $102,000 Highlands - $355,000 NH Hanover - $150,000 Laconia - $206,000 NJ Jersey Shore Region - $283,000 Stone Harbor/Avalon - $400,000 NM Ruidoso - $125,000 Taos - $250,000 NV Las Vegas - $140,000 Incline Village - $560,000 NY Lake Ontario - $90,000 Hamptons - $600,000 OH Apple Valley - $120,000 Sandusky - $225,000 OR Klamath Falls - $100,000 Black Butte Ranch - $288,000 PA (1)Mountain Regions, Poconos - $125,000 SC Myrtle Beach - $135,000 Wild Dunes - $350,000 TN (1)Gatlinburg - $138,000 TX Lake Texoma/Pottsboro - $150,000 Galveston - $177,000 UT St. George - $147,000 Deer Valley Park City - $482,000 VA (1)Smith Mountain Lake Smith Mountain Lake is a large artificial lake southeast of Roanoke, Virginia, and southwest of Lynchburg, Virginia. Initial proposals were made in the late 1920s to dam the Roanoke River and the Blackwater River at the Smith Mountain gorge to generate electricity. - $300,000 VT Ludlow - $145,000 Skiing - $200,000 WA Ocean Shores - $115,000 Friday Harbor - $380,000 WI Webster - $85,000 Lake Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. - $247,000 WV (1)Greenbrier greenbrier: see smilax. Resort - $400,000 WY Buffalo - $150,000 Jackson Hole - $750,000 (1) Properties that are listed in between the most expensive and most affordable columns indicate that only one market was researched in that area. INTERNATIONAL Bermuda (1)Bermuda - $2,592,500 BWI BWI abbr. British West Indies Cayman Brac - $600,000 Grand Cayman - $750,000 Canada Cape Brenton Island - $38,000 Southwest Alberta - $275,000 Central America (1)Costa Rica - $260,000 Mexico Lake Chapala - $150,000 Cabo San Lucas Cabo San Lucas (popularly known as just Cabo) is a small city at the southern tip of the Baja California peninsula at , in the municipality of Los Cabos in the state of Baja California Sur, Mexico. - $550,000 Puerto Rico Suan Juan - $136,000 Humacao/ Plmas Del Mar Resort - $350,000 (1)Properties that are listed in between the most expensive and most affordable columns indicate that only one market was researched in that area. The Pricing Guide was compiled following a survey of hundreds of Coldwell Banker(R) brokers in resort-market areas. The information, compiled from the average prices of Coldwell Banker affiliates' listings, shows representative prices of low-, medium- and high-range properties purchased as second or vacation homes in select markets. Coldwell Banker has long been a leader in niche property markets with more than 800 offices specifically designated as vacation and second home offices. Coldwell Banker has taken the lead to establish an easy method for consumers to conduct vacation property searches on the Internet via www.coldwellbanker.com as well as identify local resort offices on the Web site to aid in searching for Realtors that specialize in resort properties. Another company initiative aimed at helping vacation property owners is the comprehensive guidebook "Road Map to Your Vacation Property Dream" written for Coldwell Banker by author Christopher Cain. This all-inclusive guide offers tips on choosing the right location, financing a vacation property, generating vacation rental income, keeping good records, interior design and decor for rental properties, time-share demographics, and more. "Road Map to Your Vacation Property Dream" is also available through www.coldwellbanker.com. For 93 years, the Coldwell Banker(R) organization has been the premier provider of full-service real estate. Coldwell Banker Real Estate Corporation, a subsidiary of Cendant Corporation (NYSE NYSE See: New York Stock Exchange : CD), has more than 3,000 independently owned and operated residential and commercial real estate offices with over 72,000 sales associates globally. The company is an industry leader in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Previews(R) division. The company is a pioneer in consumer services with its Coldwell Banker Conciergesm program and award-winning web site, www.coldwellbanker.com that is part of the www.move.com network of relocation, real estate and home-related services. Coldwell Banker Commercial(R) is one of the largest commercial franchise operations with more than 400 affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion