Dream Getaways
markmattmiller April 4th, 2007
Several weeks ago, I spent the better part of a day with a freelance writer from Brooklyn, New York, touring Eureka Springs and Beaver Lake. She was in town researching second-home markets for an upcoming feature in the New York Times.
She discovered Eureka Springs while reading a Wall Street Journal article, “Vacation-Home Values: 12 Tempting Locales.” The report featured areas across the country where buyers could still purchase vacation homes at reasonable prices. A new waterfront home with magnificent views of Beaver Lake and the Ozark Mountains was touted for $599,000.
Several other investor hot spots on the list included:
Steamboat Springs, Colorado. The former ranching town turned ski resort with a log home for $799,000.
Driggs, Idaho. A home just outside of town with a view of the Teton Mountain range and close to Jackson Hole for $699,000.
Cloudcroft, New Mexico. A mountain retreat surrounded by Lincoln National Forest for $350,000.
Clarksville, Virginia. A log home just off Buggs Island on Kerr Lake for $529,000.
Dadeville, Alabama. A home on Lake Martin less than two hours from Atlanta for $790,000.
The report included median home prices and percentages of price increases over the past 10 years based on information gleaned from Economy.com. Eureka Springs showed the highest price increase from 1996 to 2006 at 59.1 percent, closely followed by Helen, Ga., with a 58.9 percent increase, and Cloudcroft, N.M at 58.7. The lowest price increase was 29.6 percent for South Padre Island, Texas, where beachfront homes are typically priced above $1 million. The U.S. average price increase for the 10-year period was 84.3 percent.
Although home prices in Eureka Springs experienced the highest increase, it is comforting to compare each area’s current listing prices. With the median price for a house in Eureka Springs coming in at $210,000 and $349,500 for Beaver Lake, the news is good for buyers and sellers in our “up and coming” town.
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Real Estate Guide…
I couldn’t understand some parts of this article, but it sounds interesting…
[…] Several weeks ago, I spent the better part of a day with a freelance writer from Brooklyn, New York, touring Eureka Springs and Beaver Lake. She was in town researching second-home markets for an upcoming feature in the New York Times. She discovered Eureka Springs while reading a Wall Street Journal article, “Vacation-Home Values: 12 Tempting Locales.” The report featured areas across the country where buyers could still purchase vacation homes at reasonable prices. A new waterfront home with magnificent views of Beaver Lake and the Ozark Mountains was touted for $599,000. (more̷ […]