Home sales in retirement communities are expected to heat up as the holiday season swings into full gear, say Florida real estate agents, the Tampa Tribune reports.
The trend is sparked by baby boomers nearing retirement who are visiting their parents in December.
“Family members are drawn in because of the holidays,” Gary Ward, a Realtor with Century 21 Beggins Enterprises, said in the article. “They want to get out of the cold and come to Florida. December is the start of our season here. In the ‘normal world’ of real estate, it’s April because of the tax returns people can use for down payments.”
In Florida, retired people tend to buy homes between December and April, at a time when weather is particularly attractive.
“We are extremely busy that time of year,” Flo Vachon, a Realtor with Keller Williams Realty South Shore in Sun City Center told the Tampa Tribune about winter sales. “The snowbirds are here and the Northerners escaping the cold and snow come to investigate the area.”
Throughout Sun City Center and Kings Point, Fla., Realtors tallied almost 60 November home sales, the article reports. That number is elected to increase by around 50%, according to Ward, who estimates there are around 205 homes for sale in that area.
Read the full article at the Tampa Tribune.
Written by Alyssa Gerace