Pacaso’s recent report highlights the top markets for luxury vacation homes in the U.S., with New Jersey and Florida leading the list. The rankings were based on the share of second-home sales relative to primary home sales in 2023 and 2024, with only counties having an average home price above $700,000 included.
Cape May County, New Jersey, ranked No. 1, with a 150% ratio of second homes to primary homes, and an average price of $1.1 million. Florida’s Gulf County (No. 2), Walton County (No. 3), and Collier County (No. 5) also performed strongly. Manhattan saw a resurgence in luxury home purchases post-pandemic.
The report predicts continued growth in both primary and secondary home demand in 2025, driven by easing mortgage rates, rising inventory, and strong buyer interest in lifestyle investments. Pacaso also promotes co-ownership of luxury homes, making high-end vacation properties more accessible to multiple buyers.
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Pacaso’s top markets for luxury vacation homes are in New Jersey and Florida