Earlier this month, readers of Barron’s Penta supplement (which was launched approximately two and a half years ago and targets investors with $5M in assets) were introduced to the magazine’s top 20 choices for the best locations in the United States for second homes.
Located on the list between Jackson Hole, Wyoming and Palm Beach, Florida, the tony community of Highlands, North Carolina made its debut in the #14 spot.
Barron’s readers were treated to a sneak peek into what Highlands residents and visitors have long known: our mountain community, blessed with phenomenal beauty, is the perfect destination for those seeking refuge from summer heat, as well as for those seeking topnotch dining, shopping, spa, golfing, hiking, fishing, and cultural experiences.
The article pointed to a recovery in the affluent, second home market overall, with prices rebounding as we have moved out of market bottom. While bargain hunters are out, luxury home Buyers are investing again and are more than willing to pay for properties with the best locations and highest quality.
I did have one small quibble with the article’s authors. They noted that Highlands was “on the cusp of becoming a destination.” Given the plethora of visitors (from points all over the nation and overseas) we have enjoyed this winter (during what is a typically very quiet time of year for us), I would assert we already are a destination.
And, as this year’s spring temperatures in the southeast rival those of summer’s past, I predict our “season” will begin much earlier. Real estate investing will similarly enjoy a surge of activity as more Buyers jump back into the market, securing their own summer havens in our community.
Our mantra at White Oak Realty Group is this: Invest in Highlands, NC Real Estate … and Invest in Your Life!” We are thrilled that Highlands is among the top 20 locales for second homes in the United States. We look forward to welcoming back our friends and to introducing newcomers to the highest caliber of life quality one may experience anywhere in the world.