The share of vacation home buyers increased in 2014 to 21% of all homes purchased nationwide, according to the NAR Investment and Vacation Home Buyers Survey just released.

One-third of vacation home buyers plan to use their property for vacations or as a family retreat; 19 percent plan to convert their vacation home into their primary residence in the future; 13 percent bought for potential price appreciation and 13 percent purchased because of low real estate prices. The typical price in 2014 was $150,000 for vacation buyers. 

The share of vacation buyers who paid all cash fell slightly to 30 percent last year. Click here to read more survey results.