Your Ultimate Vacation Home Bible: What Five Experts Told Us at NAREE

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Recently former Dallas mayor Tom Leppert sold his $6.2 million ski-in, ski-out house, right near the Dreamcatcher Lift in Park City Utah. It was sold at auction to another Dallas family who bought it for their grandchildren. Now here is the best part of the story: the family already owns a home in Deer Valley. They just wanted a place for the grandchildren to ski where snowboarding was allowed. So of course, they bought a house in Park City. Got a good deal, too: $4.2 million. The auction was conducted by the good folks at Heritage Auction here in Dallas.

The vacation home market is estimated to be at $100 billion worldwide, and a lot of it is because of grandparents wanting fun for their grandkids. In New Orleans at NAREE this month, I gathered five top vacation home experts, including Bill Furlong of HomeAway, Jackie Doak of Dart Enterprises Ltd., the developer of Camana Bay on Grand Cayman Island, Hunter Harman, Broker/Owner of Berkshire Hathaway HomeServices Beach Properties of Florida, Tina Necrason of Montage Hotels & Resorts, and Tyler Niess of Crescent Communities.

Vacation home sales are robust but not as furious as they were in 2014. Still, 920,000 vacation homes were sold in the U.S. in 2015, the 4th highest number in NAR survey’s 13-years. In 20015, 16 percent of all US home sales were vacation homes. In 2014, 21 percent of all were vacation homes, according to the National Association of Realtors.

The median price vacation home is now up to $210,000 in 2015 from $197,200 in 2014. To find out where the hottest markets are — surprising! —  and see the entire panel in full video, click on over to our sweet sister blog, SecondShelters.com.

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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