T
he top spots for luxury vacation homes have shifted this year compared to last, with some counties experiencing significant increases in popularity. According to a recent analysis by Pacaso, a co-ownership marketplace for second homes, here are the most sought-after places for second homes in 2024:

    1) Cape May County, New Jersey - This county has catapulted from outside the top 20 last year to the number one spot this year, with a staggering ratio of second homes to primary residences exceeding 150%. The area's iconic beach towns, such as Ocean City and Avalon, make it an attractive destination for families and those seeking a mix of relaxation and activity.

    2) Gulf County, Florida - Located on the Panhandle, Gulf County is emerging as a top luxury home destination, offering prime oceanfront properties that are scarce in other hotspots like Miami and Palm Beach. The area's exclusivity and natural beauty make it an appealing choice for families seeking oceanfront living.

    3) Walton County, Florida - Along with Gulf and Collier counties, Walton County is part of the Panhandle region that's gaining popularity among luxury homebuyers. The area offers prime oceanfront properties and a more laid-back atmosphere compared to other parts of Florida.

    4) Barnstable County, Massachusetts - This county, which includes iconic Cape Cod, continues to see growth in vacation home purchases this year. Its charming beachside communities and historic ties make it a popular destination for those seeking a classic coastal experience.

    5) Collier County, Florida - With its strong market for second homes and favorable tax environment, Collier County has become a popular destination for snowbirds. The average second home costs over $896,000 in this county, which includes notable cities like Naples and Marco Island.