Baby boomers are seeing good deals and
purchasing retirement properties, according to a survey of Coldwell
Banker real estate professionals.
More than 50 percent of Coldwell Banker
practitioners, who work in popular retirement havens, report increased
interest and home purchases from retirees and near-retirees ages 60 and
“Over the past couple of years, home prices
have declined significantly in the majority of markets with traditional
appeal to retirees,” said Jim Gillespie, president and CEO of Coldwell
Banker Real Estate LLC. “Younger retirees are taking advantage of these
desirable prices and turning the economic downturn into an opportunity.”
Other results of the online survey conducted in March include:
- 53 percent of Coldwell
Banker associates have observed an increase in retirees who plan to
downsize from their primary residences into smaller properties.
- 37 percent are seeing
an increased number of retirees who own more than one property sell
their primary residences to move to their secondary homes.
- 23 percent are seeing
more people buy different homes for retirement, or move into their
previously purchased retirement properties earlier than expected.
Source: Coldwell Banker (04/14/2009)