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With the holidays coming to an end, it's never too early to start thinking about vacations.
There are some changes in the rankings for America's Hottest Real estate markets for holiday homes higher this year than last year, and this year's top spot saw a huge increase in popularity.
A New analysis From the second home ownership market, Pacasso revealed which U.S. counties are the hottest markets for luxury vacation homes based on increased second home activity, the ratio of second homes to primary homes and demand for properties priced above $700,000. The year was 2024.
Based on the findings, here are the locations in demand for second homes in 2024:
1) Cape May County, New Jersey
Overview of Ocean City, New Jersey. (iStock)
Cape May County on the Jersey Shore jumped from outside the top 20 last year as the No. 1 second home destination in 2024, and it wasn't even close, the report found.
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According to the analysis, Cape May tops this year's list with a staggering ratio of second homes to primary residences of more than 150 percent, thanks to its iconic beach towns like Ocean City and Avalon.
Pacasso attributes the region's rise to a combination of family activities, nightlife, cultural experiences and expansive beaches, along with its proximity to urban centers such as New York City and Philadelphia
2) Gulf County, Florida
Port St. Joe is a small town in the Florida Panhandle. (iStock)
3) Walton County, Florida
“In Florida, Gulf and Walton counties – home to the Panhandle cities along 30A and Naples – are emerging as premier luxury home destinations, offering outstanding oceanfront properties in prime locations such as Miami and Palm Beach are rare.” FOX Business.
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While Florida's east coast cities like Palm Beach (No. 13 on the list) are known for their vibrant nightlife and cultural attractions, buyers continue to gravitate toward the exclusive oceanfront lifestyle that the state's west coast offers, Pacasso said. offers to families, they are attracted.
4) Barnstable County, Massachusetts
A couple walks on the beach at Coast Guard Beach in Eastham, MA on July 21, 2020. (Craig F. Walker/Boston Globe via Getty Images/Getty Images)
Pacasso said Barnstable County, MassachusettsIconic Cape Cod living continues to see growth in vacation home purchases in 2024.
“This heritage destination has been a popular vacation market for decades, famous for its charming beach communities and its historic ties to the Kennedy family, who vacationed there and own the famous Kennedy compound,” he said.
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5) Collier County, Florida
Naples Municipal Beach to the north with luxury hotels and condominiums in the background. (Paul Harris/Getty Images/Getty Images)
During the Covid-19 pandemic, many people flocked to Florida counties known for their vacation homes due to the state's favorable tax environment and desire for more livable space. With a strong market for second homes, Collier County on Florida's west coast has become a popular destination for snowbirds. Naples and Marco Island are notable cities located within the county, where the average second home costs more than $896,000.
*This article was originally published on 12/24/17