Stunning Bay Creek
Jim Cramer of Bay Creek Resort and Club in Cape Charles, Virginia put the housing bubble nicely into context in a March posting on the community’s blog. After reading his insightful analysis, the question becomes: what might be keeping affluent buyers on the sidelines?
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Real estate is all about location, for certain, but are some of the best destination amenity communities nationwide poised to be first in line for sales? Or is a closer location, rather than those top spots far away going to drive the recovery in second homes? Over the Memorial Day Weekend, a USA Today piece on vacation travel features some good insight from Edward Callaway, CEO of Georgia’s Callaway Gardens.
Located along the crystal blue waters of the Chesapeake Bay, Bay Creek Resort and Club has been labeled as one of the top “places to play” in Golf Week, Golf Digest and The Wall Street Journal. Its world class marina with a deep water channel provides ease of access to the bay and the Atlantic Ocean. Deep sea fishing, golfing or enjoying shopping and dining are just a few of the amenities that this community has to offer. Callaway Gardens is about an hour south of Atlanta, Georgia and is part of Southern Living‘s “Choose Your Home Giveaway” along with Whisper Mountian near Asheville, North Carolina.
If “recovery buyers” are shopping around for second homes this weekend, there is plenty to keep them busy.
Cape Charles is really pretty. It’s been built up quite a bit in recent years, but there still isn’t much going on around there. When the economy turns around, that may change.
So, what do you think is stopping the affluent from buying second homes, when there are so many reasons to buy?