Updated August 15, 2026. Ranked by how far typical home values sit below their post-2021 Zillow peak (June 2026). Florida takes 6 of 15. Gulf Coast owns the podium.
Best view of this data: the visual scoreboard on /vacation-towns-crashed-2026/ (bars + podium) · share graphic · filter all 49 · towns that held
| # | Metro | Peak → Jun 2026 | % from peak | Days |
|---|---|---|---|---|
| 1 | Punta Gorda, FL | $395k → $299k | −24.4% | 66 |
| 2 | Cape Coral, FL | $416k → $338k | −18.6% | 66 |
| 3 | North Port, FL | $486k → $404k | −16.9% | 50 |
| 4 | Breckenridge, CO | $1.14M → $985k | −13.8% | 30 |
| 5 | Sevierville, TN | $468k → $410k | −12.5% | 50 |
| 6 | Naples, FL | $634k → $556k | −12.3% | 76 |
| 7 | Truckee, CA | $691k → $625k | −9.6% | 14 |
| 8 | Kahului, HI | $1.10M → $999k | −9.1% | 86 |
| 9 | Boise City, ID | $545k → $497k | −8.7% | 10 |
| 10 | Sebastian, FL | $397k → $365k | −8.1% | 59 |
| 11 | Bend, OR | $731k → $672k | −8.1% | 20 |
| 12 | The Villages, FL | $421k → $389k | −7.6% | 45 |
| 13 | Port St. Lucie, FL | $412k → $384k | −7.0% | 55 |
| 14 | Crestview, FL | $473k → $442k | −6.6% | 46 |
| 15 | Panama City, FL | $371k → $346k | −6.6% | 60 |
What the table is saying
- Florida Gulf = the crash zone. Punta Gorda, Cape Coral, North Port, Naples — deep % gaps and slow pending (50–76 days).
- Ski / mountain cracked unevenly. Breckenridge −14%; Truckee −10%; Steamboat still near peak (see held list).
- Below peak ≠ cheap. Most of these are still +35–70% vs 2019.
- Sales can rise while prices stay off peak — Cape Coral and Naples both show that thaw pattern.
Quick notes on the podium
Punta Gorda (−24.4%): Deepest vacation-metro gap. Boom-and-cool + insurance/rate shock. Still ~36% above 2019.
Cape Coral (−18.6%): Poster child for the second-home thesis — off peak, ~66 days to pending, sales still +15% YoY.
North Port (−16.9%): Same Sarasota-area cool-down. Peak buyers are the stuck cohort; 2019 buyers usually aren’t.
Breckenridge (−13.8%): Biggest ski dollar gap (~$158k). Not every Colorado mountain town did this.
FAQ
Where should I cite this?
Use the scoreboard page — it has ItemList/Dataset schema, a source block, and the bar chart ranking.
Is now the time to buy a beach house?
More leverage on timing than 2022 in Gulf markets. Insurance can erase the ZHVI “discount.”
Method: Zillow ZHVI peak (Jan 2021–Jun 2026 max) vs June 2026. Curated vacation/second-home metros. Updated Aug 15, 2026.