Tag: second home news

Second home trends

Concierge Auctions Study: Every Day A Home Sits On Market It Depreciates In Value

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Peg Davant with Premier Sotheby’s International Realty has listed 7712 Sanderling Road, Sarasota, Florida for $7.995 million on Realtor.com for over 199 days.

Each year, Concierge Auctions – the dominant marketplace for buying and selling the world’s finest properties responsible for more than $1 billion in sales – creates the annual “U.S. Luxury Homes Index.” The analysis looks at the 10 highest property sales in 56 high-end markets around the U.S., and according to the research, shows that in every economic condition, days on market are an important consideration for luxury home sellers.

Every Day A Home Sits On Market It Depreciates In Value

“For three years, our research has indicated that the largest factor in determining the price a luxury property will sell for is the number of days that it has been marketed for sale. Every day that a home sits on the market, it depreciates in value,” said Laura Brady, president and founder of Concierge Auctions.“We continue to see that properties either sell quickly for close to their original list price, or they remain on the market for a long period of time and sell for a fraction of this price.”

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Historical Shelters

Own the First Chicago Home of Al Capone — Escape Route Not Included

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caponeIt was his first home in Chicago, and his mother lived there until her death, and in 2019, you could own a slice of Al Capone history for practically a song.

“I came to Chicago with $40 in my pocket,” Alphonse Gabriel Capone said once, and not long after that he began working for mobster Johnny Torrio. Not long after that, he and his family moved into the six bedroom, two apartment Park Manor home located at 7244 South Prairie Ave.

“This was the Chicago home of Al Capone and Family. Al Capone and family began to move into the place on August 8,1923,” explained listing agent Ryan Smith with Re/Max Properties. “The ownership was under Mae and Theresa Capone.”

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Budget Billets

Springfield, Missouri Tapped As Budget-Friendly Retirement Spot

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Photo courtesy Wikimedia Commons

Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 27th city on the list — Charleston, South Carolina. This week, we look at Springfield, Missouri, and found three great homes — all for less than $350,000.

“Springfield is an inexpensive place to live: the median income is around $34,000, and rent can be less than $700 per month,” MoneyWise said. “Median home prices come in at just over $100,000.”

“You will see some snow in the winter and summers can be hot, but not extreme. The city has three hospitals, as well as extensive home care offerings.”

Want to see examples of what you can find in Springfield? Let’s jump! (more…)
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Budget Billets

Heartland Homesteads in Overland Park Provide Budget-Friendly Retirement

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overland parkEditor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Before the holidays, we looked at the 33rd city on the list — Lakeland, Florida. This week, we look at Overland Park, Kansas, and found three great homes — all for less than $500,000.

“If you want to live in the American heartland, this is the place for you,” MoneyWise said. “The cost of living is slightly higher than some of the smaller locales on our list: you will need an income of about $72,000 to live here.”

“Overland Park is close to Kansas City, so health care options abound,” the story continued. “It is a low-crime city and residents consider it to be a nice, quiet place to live. The weather can be cold in winter, but summers are mild and sunny.”

BRIGHT UPDATED TOWNHOME IN SHAWNEE MISSION

Overland Park (more…)
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Budget Billets

NOLA-Adjacent Metairie Provides Plenty of Budget Options

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MetairieEditor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 36th city on the list — Augusta, Georgia. This week, we look at Metairie, Louisiana, and found some great options from anywhere around $50,000 all the way to $549,000.

“Despite having less than 150,000 residents, Metairie is a very diverse place,” MoneyWise said. “This town offers a robust nightlife and a very low cost of living. The median household income is around $52,000. Locals consider this town to be a good compromise between big-city and suburban living.”

“Metairie is located just a 15-minute drive from New Orleans, so you can get a taste of the city any time you want,” the entry adds. “There is one healthcare center in Metairie, but access to New Orleans gives you a wide variety of healthcare providers.”

SPACIOUS CONDO WITH SURPRISING PRICE

Price: $50,000

Our first example of what you can find in Metairie if you’re really, really wanting to be frugal. And surprisingly, we found that being on a budget doesn’t have to mean borderline livable. (more…)
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Historical Shelters

New Mexico School Transformed Into Residence With Amazing Views

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schoolIn our quest to find the most interesting historical shelters, we fully admit to being suckers for a good school house conversion, and this example in the historic mining village of Hillsboro, New Mexico, does not disappoint.

The school was built in the 1800s, listing agent Crystal Lay with Steinborn & Associates Real Estate said, and it taught generations of elementary school students in the mining town.

More recently, it’s been beautifully renovated, and the sellers took pains to incorporate wonderful details into that renovation.

“The amazing original details including the interior tin roof tiles, the chalkboards, and the windows have been preserved and keep the authenticity of the school that is incorporated into the ample living space,” Lay said. (more…)
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Budget Billets

Warm Weather, Entertainment Make Augusta a Great Retirement Spot

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AugustaEditor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 37th city on the list — Torrance, California. This week, we look at Augusta, Georgia, and found some great options for — get this — less than $300,000.

“Augusta is a gem of Southern living. It is an inexpensive city, with a median household income of about $38,000,” Moneywise said. “Augusta’s crime rate is low and the town is rich in Southern history, and offers a wide variety of shopping and nightlife options.”

“With its warm weather and two medical centers that focus exclusively on women’s healthcare, Augusta sets a high standard for retirement living on this list,” the article added.
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Mountain Homes

Attendees Get an Inside Look at Alpine Mountain Ranch and Club Event

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Executive Editor Joanna England, Founder and Publisher Candace Evans, and Columnist Jon Anderson

When searching for a ranch property as a second home, there’s often a laundry list of “must haves” that buyers prioritize. While they may rank in different order, they usually include luxury amenities, nearby recreation, and incredible views. As attendees at the recent SecondShelters.com preview of Alpine Mountain Ranch & Club found out, this fantastic development in Colorado has everything — and then some!

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