Over the past few years we have seen a large increase in second & vacation home ownership. My company, Windermere Real Estate, conducted a survey to learn more about this trend. Here are the results of that survey.
2006 Windermere Vacation Home Ownership Survey Results
• Distance of vacation home
from primary residence
20% under 50 miles
23% 50 to 100 miles
16% 100 to 200 miles
41% over 200 miles
• Type of home
54% Detached single-family home
23% Condominium/apartment
17% Cabin
2% Mobile home/manufactured home
4% Other
• Time spent at vacation home
in the past year
8% No days
12% 1 to 7 days
40% 2 to 4 weeks
31% 1 to 3 months
7% 3 to 6 months
2% 6 months or more
27% Rent out
73% Do not rent out
• Likelihood the property will become their primary home when they retire
16% Very likely
20% Somewhat likely
15% Somewhat unlikely
45% Very unlikely
4% Don’t know
