Contact Home
Listings
All Listings
Los Cabos Maps
Flight Time Map
Informative Booklet
Beaches of Gold
New Developments
Eldorado
Puerto Los Cabos
El Encanto de la Laguna
Hacienda
Alegranza
LaVista
Buyers
Buyer's Resources
Dream House Finder
Sellers
Seller's Resources
Market Analysis
Mortgage Info
Calculators
About
Contact
Personal Info
Testimonials
Recent Articles
RemodelingTips for the SecondHome owner
Wall Street Journal Article
Cabo vs. San Jose del Cabo
Why Buy Los Cabos
January 2006 Newsletter
Using Retirement Funds
NAR 2nd Home Report
Building in Mexico
The Ultimate Seaside Getaway
Baja Rising: Mexico's Riviera
Baja Travel
International Herald Tribune
Resources
Favorite Links
FAQ's
Glossary
Travel Game

National Association of Realtor’s recent 2nd home study showed that nearly 40 percent of all recent buyers of 2nd homes are “very likely” to buy another home within two years; nearly a quarter said today’s market conditions encouraged that likelihood.

 

If you bought a 2nd home last year to use as a getaway, the NAR survey says:

 

*Your median age is 55 with a $71,000 household income.

*You probably have no children under 18 at home.

*You don’t rent out your new vacation retreat.

*33% of you want it to be near your jobs, 22% near your primary residence.

*Your 2nd home, on average is 49 miles from your first.

*You got to it by car.

*There’s a 50-50 chance it’s in the suburbs.

*It’s very likely a detached, single family house.

*It is “typically” 1,290 square feet, (median purchase price is $190,000)

 

If your purchase is an investment and not primarily for your own use:

*You are 47 with an $85,700 household income (median).

*You are only slightly more likely to have children at home.

*A third of you want properties near your primary residence (median distance: 18 miles)

*Half of you spend no time at all in your investment.

*60% of your investment homes are smaller than your primary homes.

*The median price of recently purchased investment properties was $148,000

 

Some shared characteristics of getaway and investment 2nd home buyers:

*Over 80% used a real estate agent and would again if they make another purchase.

*Over half used savings for a down payment.

*Nearly all of you consider your purchase good financial investments.