In recent years, adult community homes in Manalapan, New Jersey, have lost a greater percentage of value than single family homes, presenting a rare and attractive opportunity for people considering downsizing.
Comparing 2009 to 2006, median prices of adult community homes are down almost 34% versus around a 10% loss on a single family home for the same time period.
Adult community homes are the “top of the food chain” of real estate. Which means many homes have to sell with each buyer moving up, until the adult community home can sell.
Government incentives are finally having the impact to help these chains of purchases and sales occur, which will fuel the demand for adult community homes in the coming year.
Considering the spread of prices for adult community vs. single family homes, projected increased demand for the adult community sector, low inventory, low interest rates and Uncle Sam throwing in a $6,500 tax credit for existing homeowners who purchase a new home, this IS a great time to make the move to downsize. You could be looking at a significant amount of savings.
Contact me to find out what your home is worth and to get an idea of what downsizing or investment opportunities are available for you.
Comparing 2009 to 2006, median prices of adult community homes are down almost 34% versus around a 10% loss on a single family home for the same time period.
Adult community homes are the “top of the food chain” of real estate. Which means many homes have to sell with each buyer moving up, until the adult community home can sell.
Government incentives are finally having the impact to help these chains of purchases and sales occur, which will fuel the demand for adult community homes in the coming year.
Considering the spread of prices for adult community vs. single family homes, projected increased demand for the adult community sector, low inventory, low interest rates and Uncle Sam throwing in a $6,500 tax credit for existing homeowners who purchase a new home, this IS a great time to make the move to downsize. You could be looking at a significant amount of savings.
Contact me to find out what your home is worth and to get an idea of what downsizing or investment opportunities are available for you.
And besides, do you really want to shovel your own snow again next winter?
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JoAnna Siminerio
Weichert Realtors - Marlboro / Manalapan
732-598-6823 cell 732-536-4400 x112 (office)
JoAnna@JoTheRealtor.com
www.JoTheRealtor.com
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