Become a digitalPLUS subscriber. $12 for 12 weeks.
Business Real Estate The Real Estate Wonk

Ocean City one of U.S.'s most sought after places for vacation homes

Ocean City, Md., is the fourth most-searched location among Americans looking for vacation homes online, according to website traffic from Trulia collected over a 12-month period ending March 31, 2013.

Cape May, N.J., the county encompassing that state’s Ocean City and North Wildwood, and Kissimmee, Fla., were the only places that were more sought out than Maryland’s leading summer destination. The median price of a home in Ocean City, Md., is $275,000, according to Trulia, about $250,000 less than the median price for a home in Ocean City, N.J.

“Most people search for vacation areas close to home, rather than across the country,” said Jed Kolko, Trulia’s chief economist and vice president of analytics. “That means that each metro has its own favorite vacation spots, such as the Florida Panhandle for Atlantans and Lake Tahoe for San Franciscans.”

All but one of Baltimoreans’ top ten most-searched vacation home spots are in Maryland or Delaware, Trulia found. Ocean City, Md., was first among Baltimoreans conducting vacation home searches through Trulia, followed by other towns near the sea, including Bethany Beach and Dewey Beach, Del.

The region north of Deep Creek Lake encompassing the community of McHenry was the only Maryland ZIP Code area not on the ocean to make Baltimoreans’ top ten most-searched list for vacation homes, Trulia said.

Eight on Baltimoreans’ list was the Outer Banks region near Corolla, N.C., where the median home price is $575,000, the real estate company said.

Check out Trulia's interactive map, showing where people living in metros across the U.S. are looking for vacation homes, and read Kolko's blog post on the topic.

Have a real estate news tip or experience to share? Email me at steve.kilar@baltsun.com.

Copyright © 2014, The Baltimore Sun
Related Content
Comments
Loading