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Monday, July 27, 2009

Tourism Helps Drive Coastal Luxury Home Sales

By Hubert Miles

Talk about luxury homes on the ocean and you'll probably picture waves crashing on the coast with large homes overlooking sand dunes. These mental images likely came from a trip to some of the most famous beaches in the United States.

Some of the most beautiful destinations for tourism are small historic towns and large urban cities along the Atlantic, Gulf, and Pacific coastlines of the USA. Markets like this help to drive the real estate markets for not only the immediate areas, but in some cases the entire state.

These resort towns are often are home to a real estate market that showcases a variety of new construction and older historic homes. These resort areas often tailor to those looking for quiet getaways from city life. Many are small fishing villages that are deep in historical significance.

Of the new construction properties, perhaps the most popular home choices are the fantastic condo developments that line the coast. These condos offer fantastic views, spacious open living spaces, and a reduce maintenance lifestyle that is attractive to second home owners.

Recent years have seen the evolution of these coastal towns and urban areas in very different ways. Urban areas have created thriving investment atmospheres with vacation rentals forming a solid backbone for the real estate industry. While smaller towns struggle to maintain their sense of history and independence through zoning ordinances that put restrictions on commercial construction.

Final Remarks

Now is the time to own your coastal dream home. The real estate market is trying to make a comeback but prices are still low and bargains abound in the market. Contact a real estate agent today for a list of coastal homes available for sale. - 23305

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