Tuesday, November 2, 2010

Second Home and Vacation Rentals Remain Strong

Nearly two thirds of second homeowners (63%) are able to cover at least half of their mortgage by renting out the home to travelers, and 38% enough rental income to cover 75% to 100% of the properties mortgage.  Vacation rental bookings are about the same or higher than last summer, averaging 20 weeks per year the report finds.

*Data gathered from HomeAway, an online vacation marketplace.

Sanibel Island is a highly desired vacation destination!  With many great condos and homes on the market today, your family could find the second home they have always dreamed of.   Give us a call to discuss the current Sanibel and Captiva real estate market.

Take a look at the condo we Just Listed !






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