Tag Archives: #vacationhomes

Demand for Vacation Homes Remains Strong

Lost in all the chatter about urban dwellers permanently relocating to places like Cape Cod in response to the virus crisis is the fact that vacation or second homes remain very popular.

The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows an increase in vacation home sales continuing in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market.

Here are some stats:

Vacation home sales rose by 16.4% to 310,600 in 2020, outpacing the 5.6% growth in total existing-home sales.

Vacation home sales are up 57.2% year-over-year during January-April 2021 compared to the 20% year-over-year change in total existing-home sales.

Home prices rose more in vacation home counties – the median existing price rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties.

In the New England, properties in vacation home counties typically sold 24 days faster compared to non-vacation home counties.

The NAR report coincides with data released by Zelman & Associates on the increase in sales of second homes throughout the country last year.

As the data above shows, there is still high demand for second getaway homes in 2021 even as the pandemic winds down. While we may see a rise in second-home sellers as life returns to normal, ongoing low supply and high demand will continue to provide those sellers with a good return on their investment.

Vacation home owners decide to sell for a variety of reasons from the kids getting older and being more interested in spending time with friends and not vacationing with parents to the prohibitive cost of maintaining two residences.

If you’re one of the many people who purchased a vacation home during the pandemic, you’re likely wondering what this means for you. If you’re considering selling that home as life returns to normal, you have options as there are still plenty of buyers in the market.

Curious about the possibilities? Let’s connect at 508-568-8191 or msennott@todayrealestate.com. We’d be happy to help you review your options.


We’re excited to share with you a new TV commercial that Today Real Estate (TRE) will be running on some of your favorite cable channels.

This is just another example of TRE providing its professionals — and by extension our clients — with the most up-to-date tools available to effective in today’s competitive marketplace.

You can preview the commercial here. Thanks for watching it.

Stay cool…

Mari and Hank

Demand for Vacation Homes Is Still Strong

Lost in all the chatter about urban dwellers permanently relocating to places like Cape Cod in response to the virus crisis is the fact that vacation or second homes remain very popular.

The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows an increase in vacation home sales continuing in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market.

Here are some stats:

Vacation home sales rose by 16.4% to 310,600 in 2020, outpacing the 5.6% growth in total existing-home sales.

Vacation home sales are up 57.2% year-over-year during January-April 2021 compared to the 20% year-over-year change in total existing-home sales.

Home prices rose more in vacation home counties – the median existing price rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties.

In the New England, properties in vacation home counties typically sold 24 days faster compared to non-vacation home counties.

The NAR report coincides with data released by Zelman & Associates on the increase in sales of second homes throughout the country last year.

As the data above shows, there is still high demand for second getaway homes in 2021 even as the pandemic winds down. While we may see a rise in second-home sellers as life returns to normal, ongoing low supply and high demand will continue to provide those sellers with a good return on their investment.

Vacation home owners decide to sell for a variety of reasons from the kids getting older and being more interested in spending time with friends and not vacationing with parents to the prohibitive cost of maintaining two residences.

If you’re one of the many people who purchased a vacation home during the virus crisis, you’re likely wondering what this means for you. If you’re now considering selling that home as life returns to normal, you have options as there are still plenty of buyers in the market.

Curious about the possibilities? Let’s connect at 508-568-8191 or msennott@todayrealestate.com. We’d be happy to answer your questions.

Stay cool…

Mari and Hank

Not Everyone Is Looking for a Bigger Home

Over the past year, we’ve had plenty of opportunity to reflect on what we consider important in our lives. For more than a few, where we call home has been the subject of some serious thought. According to George Ratiu, Senior Economist at realtor.com:

“The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans…In a sense, it has elevated real estate markets as a centerpiece of our lives.”

This has spurred an interest by many in making a move to a home that better suits changing needs. In a recent study on today’s homebuyer preferences, the National Association of Home Builders (NAHB) reported:

“When asked more specifically how the pandemic may have impacted their preference for home size21% or about 1 out of every 5 buyers, do want a larger home now as a direct result of the health crisis, while another segment – 12% – would prefer a smaller one instead.”

While you might expect more time at home to lead to a need for more space, it’s interesting that a significant portion of homeowners actually want less. For those who currently own larger homes and have a desire to move, today’s housing market is full of opportunities as Danielle Hale, Chief Economist at realtor.com explained:

“In a real estate market that is tipped in the favor of sellers, boomers and older homeowners are really the ones holding the cards…Those who are selling homes can use the profits to help them buy new ones.”

Today’s homeowners likely have equity that can be put toward the purchase of their next home. With the equity growing over the past year, you may have more than you think, which can help you significantly make a move into your next home. According to a report from the National Association of Realtors (NAR):

“Home sellers cited that they sold their homes for a median of $66,000 more than they purchased it. Sellers 22 to 30 years gained the least at $33,400 in equity compared to sellers 66 to 74 years gained $100,000 in equity as they likely had lived in their homes for a longer period of time.”

Despite the benefits of growing home equity, some homeowners remain hesitant to move and could be considering remodeling or making changes to their current space. However, if you’ve thought about aging in place rather than downsizing, you may want to reconsider. The U.S. Census Bureau points out:

Of the nation’s 115 million housing units, only 10% are ready to accommodate older populations.”

If your house is no longer the best fit for your evolving needs, it may be time to put your equity to work for you and downsize to the home you really want.

Today’s housing market favors homeowners, who are ready to sell and make a move. If you’re thinking about downsizing this year, let’s connect at 508-568-8191 or msennott@todayrealestate.com to review your options.

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In response to industry regulatory changes, we’ve rebranded our team name to “Mari Sennott Plus.”

Over the next few weeks, you’ll be seeing references to “Mari Sennott and Associates” on our website, email, etc. replaced with our new team name.

While we were very happy with the old name, the new “Mari Sennott Plus” reflects our commitment to always going the extra mile for our clients, as well as a hoped for expansion of our team later this year.

Don’t wish for it; go for it!

Mari and Hank


Why This Is a Great Year to Sell Your Vacation Home

As more Americans become vaccinated and travel resumes, many people are planning for those long-awaited vacations that they missed out on over the past year. Some households are even focusing their efforts on buying a vacation home at get away locations like Cape Cod rather than renting or staying in a hotel. The National Association of Home Builders (NAHB) reports:

Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”

It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:

“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”

With more Americans being given the option to continue working remotely or retire earlier than expected, vacation style homes are even becoming year-round options. The NAHB explains:

“Remote work arrangements have made it possible for… Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area.  More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”

If you own a home on Cape and have been thinking about selling, now is a great time to take advantage of today’s very full buyer pool. Buyers should know that the process generally takes approximately 45 days from accepted offer to close; perfect timing for vacation to start!

Let’s connect at 508-568-8191 or msennott@todayrealestate.com to discuss your options. Helping our clients make the best decisions for their individual situations has been our full time job for more than 20 years. Let’s talk soon…

Don’t wish for it; go for it!

Mari and Hank