(2nd homes are becoming 1st priority among Americans)
Vacation and investment homes are being bought up almost as fast as they become available. According to the National Association of Realtors, since baby-boomers are now at the peak of their earning potential, the push to snap up vacation homes is unlikely to reverse soon. The fact is that the typical age for those seeking vacation retreats is now about 52. This means that more people are enjoying the fruits of their labor at an earlier age, and actually seeing investment returns of pretty good amounts as well.
2005 saw an incredible rise of second home purchases. Americans purchased almost 3.5 Million second homes last year alone. Over 1 million of them were vacation homes, and almost 2.5 million were investment properties. The total number of 2nd homes purchased in 2005 is up an amazing 16% over 2004 sales. This is all huge news in itself. The most impressive number of all to anyone thinking about purchasing a home is “40”. Of all of the homes sold in 2005 in the entire United States, second home purchases made up almost 40% of the total residential real estate transactions.
Did someone say “Full Broker Co-Op Opportunity”? Mi Casa del Mar at La Hacienda is South Beach, San Felipe’s premier luxury resort destination. Now, we even offer a Full Broker Co-Op Opportunity! We cater to 2nd homeowners, retirees, and real estate investors alike. We offer custom-built and spec homes in a lush and luxurious seaside resort community. Mi Casa del Mar can boast what so few other resort communities can: comfort, convenience, and affordability.
| What we offer | What is coming soon |
| Brick Paved StreetsDrinkable Water from our own Aquifer Fed WellUnderground Utilities to Preserve the viewWaste Treatment FacilityConstruction ManagementProperty ManagementModel Home Lease-BackUS Style FinancingTitle Insurance | 18 hole golf courseEquestrian CenterCountry Club & SpaThe Baja Community with over 90 new homes Community/Shopping CenterHouses and Condos on the Golf CourseFractional Ownership/Private Residence Clubs |
What does this mean to potential home buyers? This means that the time for sitting on the fence is over. Stop dreaming, and start planning. This trend in 2nd home purchases is sure to affect the real estate market. In the Baja Community alone, there is still availability for 6 investors. Consider the facts. A huge 2 bedroom, 2 bath, 1400 square foot home starts at only $269,000 including full ownership with fideicomiso and closing costs. The appreciation here in San Felipe also continues to rise. Investors who have thought ahead and joined this exclusive development are seeing month after month appreciation of 3-5%.