The NAR has released its latest research on the attitudes and characteristics of American vacation home buyers. Here are some key insights:

• 12% of all home purchases in 2007 were vacation properties;
• The median price for vacation properties declined 2.5 in 2007;
• The median buying age was 46;
• 81% of buyers were married couples;
• One property in five was in  resort area;
• 22% of buyers travel 1000 miles or more to their vacation home

For more tidbits and for our view as to how this impacts Maui real estate, please contact us!