The National Association of Realtors (NAR) recently released the results of their Investment and Vacation Home Buyers Survey for the year 2015.
Investment-home sales increased 7 percent and owner-occupied purchases increased 16 percent compared to the year prior. While vacation-home sales decreased 18 percent, last year’s vacation sales were still the second highest since the year 2006.
Buyers cited many reasons for their investments: low prices, generating income, a good deal at the right time, retirement plans, or a place for the family to retreat.
“Perhaps encouraged by rising house demand and home prices, over 80 percent of both vacation buyers and investment buyers believe that now is a good time to purchase real estate.” – FloridaRealtors
According to NAR chief economist, Lawrence Yun, “Steadily increasing home prices and strong rental demand appear to be giving more individual investors assurance that purchasing real estate will diversify their portfolios and generate additional income if they decide to rent out the home.”
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If you’re interested in Sanibel real estate–whether you’re buying, selling, or just looking–contact one of our knowledgable Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: 2015 vacation sales retreat, investment sales leap
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
