For almost 3 years, we’ve been missing a group of buyers in our market and their absence has truly been felt; pre-retired couples. These are people who long to live Up North, but are unable to make the move because they are still gainfully employed in the city. In the meantime, they find a property they can enjoy now with their family with the wish that it would eventually become their retirement home. This kind of timing works well because it allows their family to bond with a new location and home without abruptly pulling out the rug on their familiar homestead. It also allows the couple to make friends and develop a life for themselves in a comfortable manner. We’ve been watching couples and families do this for years…until lately. What’s happened?
We suspect the housing market in the city has not allowed them to make the transition as smoothly as they’d hoped and the prospect of selling their current home has not been very pretty in the last few years. As things heal in the real estate market and buyers get itchy to move on with their dreams, we expect we’ll see more movement from this group in the next year or two. It will be a welcome sign! We have some great properties availabe that fit the criteria for that lifestyle. Here are a few examples: