Lynne McClos…,  in Lake Isabella, CA

Is anyone else seeing baby boomers buying retirement homes in their area now, even though the housing market?

Asked by Lynne McCloskey, Lake Isabella, CA Wed May 7, 2008

is down in most other areas? Foreclosures are through the floor just 50 miles away in Bakersfield, CA, yet we are selling retirement homes and mfg. homes now or properties that will become retirement homes within the next 5 years. Is it because of the "buyer's market" low prices or some other factor? Is this happening nationwide in some areas or only in recreation-type areas?

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4
Lake Isabella has long been a retirement destination...naturally this is a trend which will beneficial as the boomers retire.
0 votes Thank Flag Link Thu Oct 7, 2010
Hiu Lynne,
This is an excellent question... All agents should be paying attention to their local trends, as we evolve into the retiring Baby Boomer generation. Definitely, in Ventura County, CA we are experiencing a lot of investor-owned retirement condos.

Nestled between the Pacific Ocean and the beautiful rolling hills of the Conejo Valley, at approximately fifty miles from both Los Angeles and Santa Barbara, is Leisure Village, a security-gated active retiree (age 55 and up) community of 2136 separate single story, well designed, single family all-electric homes, each set into a professionally landscaped and maintained community thickly planted with mature trees, grass, and indigenous flowering plants. Leisure Village, built between 1973 and 1984, is comprised of 200 acres of greenbelt, an 18-hole golf course, 15 miles of paved streets and three security gates. The Leisure Village Recreation Center offers residents a broad variety of social, recreational, hobby, supportive, and self-development activities. Blessed with a nearly ideal year-round climate, Leisure Village residents enjoy activities not only within the Village but also in surrounding areas. Just outside the main gate of the Village in the surrounding city of Camarillo is a small shopping plaza offering groceries, a drug store, postal facilities, varied small shops, banking and medical services. A short drive over convenient streets, or a short ride on the CAT (Camarillo Area Transit), will reach any of several local shopping malls, including the picturesque Old Town area of Camarillo, the very large and fashionable national wholesale outlet mall, national retail and grocery chains and malls, theaters, and restaurants to please every taste and budget. A twenty minute drive reaches the cities of Thousand Oaks, Simi Valley, Oxnard, and Ventura, as well as numerous public golf courses and uncrowded spectacular coastline and beaches, marinas, and national parks for hiking, picnicking, sunning, and sight-seeing.
0 votes Thank Flag Link Mon Aug 30, 2010
Yes, we do sell a lot of home here in Nevada County, CA to retiring couples. Often they buy now and rent for a few years before they retire and move here. Nevada County is a perfect retirement area. We are in the Sierra Foothills with two beautiful gold county towns, Nevada City and Grass Valley. We are 1 hour and 15 minutes from Lake Tahoe, one hour from Sacramento and 2 and a half hours from San Francisco.

There are great recreation opportunities of all kinds. There are excellent art and entertainment venues. We have a number of wonderful restaurants. And we have a highly rated Hospital and medical community.

You will find a lot of information on Nevada County on my website; http://www.NevadaCountyMLS.com.

Thanks,

John Daly CRS
0 votes Thank Flag Link Wed May 7, 2008
Yes, a number of referrals I have gotten are Boomers who are planning to retire and looking for property in the places they want to retire - they want to buy now, if the value is there. They will retire in 1-3 years from now, and they think the market will be moving up by then. smart planning.
0 votes Thank Flag Link Wed May 7, 2008
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