Vacation homeowners in Big Sky and Tahoe see strong returns
In our current environment where many are experiencing more work flexibility and low-interest rates, ski and vacation destinations are watching home markets soar. Inman explains how Big Sky, Montana has risen to the top of Vacasa’s “2020 Top 25 Best Places to Buy a Vacation Home.”
- “Big Sky moved up 10 spots from 2019, with vacation-homeowners raking in an annual gross rental revenue of $79,726. With a median home price of $541,842”
- “’We’ve seen a surge in demand for vacation homes across our portfolio, and real estate transactions are up as much as 35 percent in some of our vacation rental markets across the country when compared to July 2019,” Vacasa Vice President of Sales and Marketing Shaun Greer’
Big Sky is a hot spot to keep an eye on.
And so is Lake Tahoe!
“Looking forward, Vacasa predicts vacation home markets will continue to rebound as legislators loosen or lift social distancing restrictions and low-interest rates push buyers to consider entering the short-term rental market.”
Read the full Inman article, Big Sky yields big returns for vacation-homeowners: Vacasa.
Images from bigsky.com, https://www.pinterest.com/pin/262756959489719682/