According to a study recently conducted by Trulia, the most popular vacationing hot spots may be more affordable than you think. Now-a-days, buyers are less likely to pay copious amounts of money for a vacation home. They are more interested in the activities offered within the vacationing areas, whether skiing, hiking, shelling, or kayaking. The survey also showed that out of the 20 hottest markets, nearly half of them had a median home price of $200,000 or below.
Within the last few years, people have turned away from the most expensive vacationing markets. There used to be a high demand for luxury vacation homes in Northeastern beach towns but the recent survey did not even mention those areas.
New vacationing hotspots include McGaheysville, VA and McCall, Idaho. Compared to last year, these two destinations have seen more Internet searches and increased vacation home sales.
The survey also pointed out that most individuals want more than just a sunny, warm beach. Out of the twenty hottest markets, three destinations were in Kentucky, two destinations were in Virginia, two destinations in Idaho, and one in Alaska.
The most affordable destination within the 20 hottest markets was located in Albany, Kentucky. The median vacation home price was around $95,000. Vacationers are drawn to the lakes, state parks, and hikes that Kentucky offers.