And now, according to a recent study from the National Association of Realtors, we can claim to be a top destination for another group as well: Baby Boomers!
Evidently, according to the recent study, metro areas with a lower cost of living and sunnier weather are seeing increased numbers of Baby Boomers moving in and buying homes.
And Sarasota is one of the metro areas where Boomers are relocating! Continue reading to learn more!
A Closer Look at Why Baby Boomers Love Sarasota
Evidently, the National Association of Realtors analyzed current population trends, housing affordability and local economic conditions in metropolitan statistical areas all across the United States.
Here are the top markets positioned to see an influx of baby boomer homebuyers, listed alphabetically
- Albuquerque, New Mexico
- Boise, Idaho
- Fort Myers, Florida
- Greenville, South Carolina
- Orlando, Florida
- Raleigh, North Carolina
- Sarasota, Florida
- Tucson, Arizona
In addition to the sunny weather and the affordability, experts say that Florida attracts many Baby Boomers because of the quality of life it offers.
Why This is An Important Sarasota Housing Trend
According to a National Association of Realtors generational study of homebuyers and sellers, Baby Boomers represent 30 percent of all buyers, had a median household income of $92,400 and bought a home that cost $210,000.
Thus, it is a really important trend for the real estate market whenever Baby Boomers make any decisions.
Buy Your Next Home In Sarasota Florida
Are you a Baby Boomer looking for the right city to enjoy your retirement in? As you can see, plenty of Baby Boomers have already decided that Sarasota is the right fit for them!
We would be more than happy to assist you!
Until next time,