Here Comes More Second Home Buyers

Real Estate barons selling out the town. AND blocking sidewalks.

Kelller Williams Sign In Way

Recently Pacific Grove is seeing a renewed interest from the southern end of the Bay Area. About 35 percent of the homes in Pacific Grove belong to people who do not live there full time.

“It’s just the last small hometown,” said Keller Williams/Monterey Peninsula Home Team realtor Jeff Davi. “It’s way out here on the Peninsula and it’s relatively quiet. It’s so safe and the prices are even less expensive than San Francisco.”

Since they’re only home on the weekends, second home buyers don’t use fire, police and other municipal services as often, even though they pay the property taxes for them.

“They’re [SIC] kids aren’t showing up at parks and recs, their kids aren’t crowding our schools,” explained Brouder.

On the flip side developers told KION second home communities make neighborhoods feel more like a ghost town. They’re also not shopping as much, so they aren’t contributing a lot to the local economy. Add to that, they’re competing for houses with locals who may not have big bucks and that has created some resentment.

Here Comes More Second Home Buyers