Barron’s ranks Tahoe among top second-home communities
Barron’s, America’s premier financial magazine, has unveiled its second annual “Top Second-Home Communities” list, ranking the top 15 resort areas in the U.S. in terms of where to find the best buy in today’s luxury real estate market.
The coastal community of Sea Island, Ga. – which did not appear on the 2010 ranking – topped this year’s list, with Barron’s citing that Sea Island is “breathtakingly beautiful – both the seaside landscape and the classically designed homes.” In addition, former Secretary of the Treasury Henry Paulson has a home in the community, so buyers can take comfort in the resort’s financials. The list appears within the PENTA section in the current issue of Barron’s and features communities in California, New York, South Carolina, Massachusetts, Wisconsin and more.
Considerations for the ranking include attributes such as beauty, comfort, convenience, a range of lifestyles and – most importantly – value. The list also takes into account home prices that have hit bottom and are either rising or expected to rise.
Barron’s Top Second-Home Communities (ranked in order):
1) Sea Island, Ga.
2) Maui, Hawaii
(2010 ranking: No. 1)
3) The Hamptons, Long Island,
New York (2010 ranking: No. 3)
4) Aspen, Colo. (2010 ranking: No. 5)
5) Martha’s Vineyard, Mass.
6) Deer Valley (Park City), Utah
7) Lake Tahoe, Calif.
8) Kiawah Island, SC.
(2010 ranking: No. 2)
9) Palm Beach, Fla.
(2010 ranking: No. 7)
10) Pebble Beach, Calif.
(2010 ranking: No. 6)
11) Palm Springs, Calif.
12) Coachella Valley, Calif.
13) Brays Island, SC.
14) Lake Geneva, Wis.
15) Asheville, NC. (2010 ranking: No. 9)
According to Barron’s, overall, luxury real estate sales are up 10 percent to 15 percent, as high-end properties that were not selling last year are now beginning to move.
Within the first six weeks of 2011, five homes priced at $15 million and greater sold in Aspen, Colo.
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