A new ranking lists the hottest markets for luxury vacation homes in the U.S., and this year, Cape May, New Jersey, is No. 1.
An analysis from second-home co-ownership marketplace Pacaso shared that Cape May County has grown in popularity because of its family-friend activities, nightlife, cultural experiences, and wide beaches.
The report also says that people like the fact that the beach town is close to both Philadelphia and New York.
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According to the New York Post, Pacaso's ranking was based on increases in second-home activity, the proportion of second homes to primary homes, and demand for properties priced above $700,000.
Gulf County, Florida; Walton County, Florida; Barnstable County, Massachusetts; and Collier County, Florida, followed on the list.
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