bostonbubble.com

[Beaumontv]

I have been trying to analyze the vacation home market, especially for the lakes region in New Hampshire. I am having a hard time finding any data.

Ziloow data suggests that there has been no change in the market, but it only goes back to 2008! I would think that there would be more distress in teh vacation home market due to less mortgage cerdit available and that second homes should be the first thing defaulted on.

However, It seems like the price for lakefront property on Squam is stuck at about $1M. That seems insanely high for a second home. Given the down payment requirements, I doubt there are many buyers who can afford it.

Does anyone have insight or links to data on this market?

[SynthiaM]

I think in New Hampshire and other areas around the Boston area, you have enough rich Boston people that can still afford $1 million plus vacation homes. The same can be said for New York vacation homes in the Hamptons and other coastal areas. I do agree that in some parts of the U.S., the vacation homes have dropped in price as a result of harder hit major cities in the area. For instance, I would guess that vacation homes of Nevada and Arizona residents have been foreclosed on or taken a hit in the market.

[Xenos]

The people I know with lake-front properties on Squam bought them a long time ago, or with little, if any, financing. They won't sell because they don't need to.