Speculators Flood Naples, Florida

EscapeHomes put together a Second Home Market Index and the accompanying press release may make you think twice about that condo by the sea. "Investors comprised 34 percent of the Naples home seekers, while 30 percent are looking for a retirement home, 24 percent are searching for a vacation property and 12 percent are planning to relocate."

Here is the list.

March 2005 Top 10 Second Home Markets
1- Naples, Florida
2- South Padre Island, Texas
3- Myrtle Beach, South Carolina
4- Destin, Florida
5- Orlando, Florida
6- Tampa, Florida
7- Florence, Oregon
8- Napa, California
9- Venice, Florida
10- Park City, Utah