US DATA: NAR’s 2011 Investment and Vacation Home Buyers Survey finds
the market share of vacation- and investment-home sales held steady,
with vaca homes accounting for 10% of transactions in 2010 and
investment sales accounting for 17%, both unchanged from 2009. Reason is
“a sizeable number of buyers made deals with all-cash offering” – 59% of
investment buyers paid cash and 36% of vacation-home buyers paid cash.
“With an overall decline in home sales during 2010, the volume of
543,000 vacation-home sales was down 1.8 percent from 553,000 in 2009.
Investment purchases fell 7.8 percent to 867,000 in 2010 from 940,000
the previous year. Primary residence sales declined 5.6 percent to 3.81
million from 4.04 million in 2009.”