Monday, July 23, 2007


VACATION HOMES: Last year, while investment home sales dropped nationally, vacation home sales rose nearly 5 percent at a time when real estate, in general, was experiencing a downturn.

By 2025, an estimated 35 percent of the U.S. population will be age 50 or older. That's one of the reasons why all signs point to a continued strong market for vacation homes, bolstered by Baby Boomers as prime vacation home candidates. Whether they simply want to diversify investments or want a place to get away, Baby Boomers are driving this marker growth.

This bodes well for the continued strength of the Durango market. Statistics from the National Association of Realtors show that:

** Two-thirds of of buyers desired a vacation home close to a body of water;

** Nearly 40 percent preferred to have access to recreational or sporting activities;

** More than 30 percent chose vacation or resort areas;

** And 31 percent preferred mountain retreats or natural attractions.

With our lakes, rivers, rafting, fishing, hunting, skiing, biking and unmatched beauty is it any wonder our vacation home market remains strong. Durango has it all.

http://homesindurango.com/
http://durangorealestate.biz/

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