Dear Friends,
Here are two words to describe what’s changed in our market, of late: Baby Boomers.
Did you know, according to the National Association of Realtors, 40% of buyers around the US (and in our markets) are baby boomers? Whereas in prior years, buyers were primarily millennials and gen-exers, their stiffest competition has now become the older generation.
There are many reasons for this demographic shift. For example, there are more of the older set, with more means (they own the majority of real estate in the US) who want homes for their changing needs – to ‘age in place,’ to pursue family gathering spaces, etc. Their confidence in the market has increased and they have been encouraged by the appreciating values, while their younger, less cash-rich counterparts have been feeling more discouraged.
In our area, now, paradoxically, the ones leaving the state for the sunbelt a few years ago, yes, boomers – are NOT easily letting go of their current Connecticut real estate. And this has been a big factor in inventory shortages.
I invite you to take a look at the latest stats below, see what’s happening currently in your town. Below too are four fabulous listings I am pleased to highlight.
Hope to speak/see you real soon.
Best Regards,
Joni
NEWLY-COMPLETED, CALIFORNIA STYLE IN NEW ENGLAND
Modern country manor on ‘ peaceful, private acreage, moments to downtown, and a stones-throw from one of Connecticut’s finest trout fishing spots.
5 RABBIT HILL, WESTPORT
$4.799 MILLION
(Click on above photos for digital brochure)
SLEEK, PRIVATELY-SET CONTEMPORARY
5-bedroom, gorgeous setting with Glen Gate pool, on premier lower Weston cul-de-sac, showstopper new primary suite
52 RIDGE ROAD, WESTON
$1.875 MILLION
(Click on above photo for digital brochure)
CHIC LUXURY RENTAL IN COMPO BEACH
Walk to beach and Longshore from this lovely stone and shingle, with brand new fenced pool and large, scenic and private yard.
5 MAYFLOWER PARKWAY, WESTPORT
$24,500/month yearly, $45,000/summer month
(Click on above photo for more info)
QUALITY CUSTOM GEM
Four finished levels in this beautiful custom shingle style available for July or August, in the heart of Westport, near sports complex and Wakeman Farm.
87 NORTH AVENUE WESTPORT (Corner of Blue Coat Lane Cul-de-sac)
$20,000/MONTH
(Click on above photo for more info)
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