There were some shifts in the rankings for America’s hottest real estate markets for higher-end vacation homes this year compared to last, and the top spot this year saw a meteoric rise in popularity.
A fresh analysis from second-home co-ownership marketplace Pacaso revealed which U.S. counties were the hottest markets for luxury vacation homes in 2024, based on increases in second-home activity, the proportion of second homes to primary homes and demand for properties priced above $700,000.
Here were the most sought-after places for second homes in 2024, according to the findings:
1) Cape May County, New Jersey
The report showed Cape May County off the Jersey Shore catapulted from outside the top 20 last year to the title of No. 1 second home destination in 2024, and it wasn’t even close.
BOZEMAN, MONTANA HOME TO A BOOMING REAL ESTATE MARKET
Cape May leads this year’s list with a staggering ratio of second homes to primary …