Luxury Second Home Sales Surge in Select U.S. Beach Towns
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Sales of luxury second homes (over $1 million) increased in many U.S. markets in 2023, with Newport County, RI seeing a 64% jump.
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Volusia County, FL, which includes Daytona Beach, saw a 19% increase in luxury second home sales.
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The average sale price for a luxury second home in Newport County was $2 million.
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In Volusia County, there were around 300 listings over $1 million compared to 5,500 under $1 million, showing a mix of high and lower end homes.
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Westchester County, NY and Fairfield County, CT were also among the top 10 counties for growth in luxury second home sales.