According to the site WeNeedaVacation.com the booking for vacation rentals in Cape Cod this summer are looking up. Weekly bookings were up 9.5% in January and homeowners are raising their weekly rates by 3.2% on the Cape.
Rising rates are usually a good indication that homeowners are having successful rental seasons.
The booking season has just begun so we will have to wait until we get through the spring to see if these numbers are a true representative of the trend in the seasonal rental market.
If you are thinking about buying an investment property, maybe now is a good time!