Pacaso's latest report ranks Cape May, New Jersey, as the top second-home destination for 2024, surprising many as it surpasses traditional hotspots like the Hamptons. Key factors include its iconic beach towns, rich history, and a high ratio of second homes. Despite the average home price exceeding $1 million, Cape May's appeal resonates with affluent buyers due to its scenic beaches and recreational opportunities. The area has seen a significant increase in interest over the past year, cementing its status as a luxury vacation locale.
"Cape May has emerged as the top second-home destination for 2024, overtaking traditional favorites by offering over 30 miles of beautiful beaches and a rich historical backdrop."
"The average home in Cape May costs over $1 million, highlighting the region's appeal among affluent buyers seeking luxury vacation experiences along the Jersey Shore."
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