Is McCall ready for the comeback? With the return of operations at Tamarack ski resort, will the overall Market in the valley pick up. If national trends show anything then we could well be on our way.
Vacation communities across the United States are showing big signs of a rebounding real estate market, reporting soaring sales at levels that have not been been seen since the days of the housing boom, The Wall Street Journal reports.
The increase has been driven by deep discounts and cash purchases, analysts say.
The following is a sampling of vacation-home communities that saw an increase last year (percentage is the increase in home sales from 2009 to 2010):
Barnstable County, Cape Cod, Mass.: 9 percent
Hilton Head, S.C.: 13.6 percent
Mercer Island, Wash. (waterfront): 181.8 percent
Palm Beach, Fla.: 39.3 percent
National Association of REALTORS® Chief Economist Lawrence Yun attributes the increase to gains in the stock market and an overall improving economy. He says prices in these areas have come down so much that there’s been high demand for these properties among buyers, particularly in areas with stable labor markets.
source: Market for Vacation Homes Is On the Rise The Wall Street Journal (Jan. 10, 2011)
It sure seems like the bargains are being snapped up in hurry.