According to Realtor Magazine, Vacation Home Interest Is on the RISE

Vacation Home Interest Is on the Rise

"The market for second homes is improving, but prices are still as much as 40 percent off the peak, Barron’s magazine observes.

Potential buyers include not only families but also investors, says Jan Reuter, who heads residential real estate at U.S. Trust Bank of America Private Wealth Management.

To entice its readers, Barron’s identified 10 locales with beautiful views, challenging golf, good fishing, fine restaurants and lots of good shopping.

Barron’s editors did warn its readers not to count on a quick flip. “Serious appreciation will require a better economy and, quite possibly, another big rally in stocks,” the magazine said.

Here are their favorites:

• Maui
• Kiawah Island, S.C.
• The Hamptons
• Park City, Utah
• Aspen, Colo.
• Pebble Beach, Calif.
• Palm Beach
• Captiva/Sanibel Island, Fla.
• Asheville, N.C.
• Gasparilla Island, Fla."

 
CHECK OUT SOME OF CASTLES AMAZING VACATION PROPERTIES :::  

 

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Sherlock Homes Realty Shows Luxury in Long Island

New to our network, Terry Sciubba and the team at Shelock Homes Realty, show Long Island from a luxury stand point. Check out their amazing listings over a million in Sea Cliff, to see high class New York at its finest ::

 

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Summer in the Hamptons? Gorgeous New Homes from $5millon!

BRIDGEHAMPTON: 

 

  Located only one block from the beaches of Bridgehampton, this fabulous 7,500 sq. ft. home is the best value in Bridgehampton south. From the grand entrance to the living room, formal dining room and library to the beautifully landscaped backyard with 20' x 50' heated gunite pool and Jacuzzi, this house has the "wow" factor that will make you the envy of all your friends. 7 bedrooms, including a huge master suite with private deck, sitting room and fireplace, 7.5 elegant baths, and a well appointed eat in kitchen with adjacent sunroom and fireplace. The finished basement has a top of the line movie theater just waiting for you to bring your popcorn, and plenty of room for all your exercise equipment. A truly fabulous beach house with all the bells and whistles.

EAST HAMPTON: 

 

Pristine In Estate Section Newly built 5 bedroom, 6.5 bath home, with heated pool on a shy acre in the estate section of East Hampton Village, this house embodies the best of classic Hamptons architecture and design. Close to Main Beach and famed Lily Pond Lane, the first floor has a state of the art kitchen that opens directly into a comfortable dining area and great room with fireplace. Formal living and dining rooms, both with fireplaces, an elegant home office, and foyer with fireplace create a feeling of traditional elegance. The basement will offer a gym, media room and bedroom suite. Heated pool located in a beautifully landscaped yard completes the picture.

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CNN Money Features Real Estate's Best Recovery Cities

The average home price is forecast to plummet over the next two years. But these 7 cities are predicted to post gains. ..

San Francisco

Median home price: $675,000

Value lost since 2006: 25.7%

Forecast gain by 2011*: 4.8%

The San Francisco metro area has seen its home values drop by a quarter, and the city still has some pain to work through. The city's median home price is expected fall another 8.3% by June 2010.
After that, however, the market there may come roaring back: Fiserv predicts a 14.3% gain between June 2010 and June 2011. Averaged out, that means a 4.8% gain over the next two years.
One reason for the sharp comeback is that much of the area's excess inventory will have been sold. It's already dropped by nearly in half over the past year.

The recovery will be delayed, though, as the area -- particularly Oakland and the East Bay -- works through its foreclosure problems. During the first six months of 2009, one of every 52 homes had at least one foreclosure filing.

The good news, according to Mark Fleming, chief economist for First American CoreLogic, is that core city neighborhoods don't have nearly as many foreclosures as those out on the fringe. The steady demand in those communities will serve as a base as other neighborhoods rebuild...

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