United States Presidents Second Home Purchases Yield Substantial Appreciation
SAN FRANCISCO, Feb. 7, 2023 /PRNewswire/ -- Timed to Presidents' Day, Pacaso, the leading real estate platform that helps people buy and co-own a luxury second home, released an analysis of luxury home appreciation in destinations U.S. presidents own or owned vacation homes. The report looks at the average values of luxury homes in the top 20% of seven presidential second home markets in the United States. Iconic coastal communities in Massachusetts such as Cape Cod and Martha's Vineyard saw substantial appreciation in addition to two California counties when it came to the average luxury home value increase year over year.
- Duke's County, Massachusetts, home to Obama's Martha's Vineyard estate, has the highest priced luxury real estate on average, but saw the lowest YoY price appreciation.
- McClennan County, Texas has the lowest priced luxury real estate with an average home price of $512,931.
- SAN FRANCISCO, Feb. 7, 2023 /PRNewswire/ -- Timed to Presidents' Day, Pacaso , the leading real estate platform that helps people buy and co-own a luxury second home, released an analysis of luxury home appreciation in destinations U.S. presidents own or owned vacation homes .
- The report looks at the average values of luxury homes in the top 20% of seven presidential second home markets in the United States.