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Florida Leads the Nation in 2nd Homes

Posted by Denise Stewart on Wednesday, December 12th, 2018 at 10:14am.

By: Melissa & Denise Stewart

Florida Leads the Nation in 2nd Home Sales, and reasonably priced condos are a big reason.

 

The State of Florida has more 2nd homes than all other states in the US. Florida has In excess of 1,100,000 second homes, which is more than California, New York, Texas, Michigan, North Carolina and Arizona. There are about 7,500,000 second homes across the US. 

There are severa reasons why Florida leads the nation, but the main 2 factors are the year round warm weather, and the lack of state income taxes. A lot of people that purchase a 2nd home in Florida do so with the intention of it being their primary residence in the future. What a perfect way to finance your future, by buying a condos, rent it out for a few years, then when you retire it will be waiting for you to live in...

The top 10 counties in the US are below, with 6 of them being in Florida::

  1. Maricopa County, Ariz.: 113,513 second homes
  2. Palm Beach County, Fla.: 99,536 second homes
  3. Broward County, Fla.: 97,224 second homes
  4. Lee County, Fla.: 95,671 second homes
  5. Miami-Dade County, Fla.: 87,225 second homes
  6. Riverside County, Calif.: 76,331 second homes
  7. Pinellas County, Fla.: 65,281 second homes
  8. Barnstable County, Mass.: 63,225 second homes
  9. Collier County, Fla.: 61,050 second homes
  10. Suffolk County, N.Y.: 58,452 second homes                                 

If you ever want to start your search for a condo, please go to www.condo.net .

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