{"id":2783,"date":"2018-01-06T01:31:57","date_gmt":"2018-01-06T01:31:57","guid":{"rendered":"https:\/\/www.pasadenaperfected.com\/?p=2783"},"modified":"2019-04-22T00:38:48","modified_gmt":"2019-04-22T00:38:48","slug":"4-ways-baby-boomers-leading-pasadena-luxury-real-estate-market","status":"publish","type":"post","link":"https:\/\/staging.kilograph.net\/terracesdev\/4-ways-baby-boomers-leading-pasadena-luxury-real-estate-market\/","title":{"rendered":"4 Ways Baby Boomers are leading the Pasadena luxury real estate market"},"content":{"rendered":"

Baby boomers aren\u2019t just one demographic making moves in the Pasadena luxury real estate<\/a> market. They are a veritable force, making their own rules, showing their might, and forcing builders and developers to take notice.<\/p>\n

Moving to new, and perhaps unexpected areas<\/strong><\/p>\n

The days of Florida migration among the retirement crowd aren\u2019t exactly over, but other areas have risen up as popular options. Think urban areas, close to family and offering easy access to amenities. Areas like Old Town Pasadena<\/a>.<\/p>\n

\"Walkability

Walkability is one of the keys to the success of the Pasadena luxury real estate market<\/p><\/div>\n

\u201cThe population of persons 60 years old and older is one of the fastest growing demographics in the state and city,\u201d said Colorado Boulevard<\/a> in their look at Pasadena retirement. \u201cAccording to the City of Pasadena\u2019s 2014 release of their \u2018Status of Seniors\u2019 report, between 1950 and the year 2000, the number of older adults in California grew from 1.6 million to 4.7 million. By 2050, it is projected that the population of adults over 60 will grow to 13.9 million,\u201d with many of those baby boomers looking to move to Pasadena or move down from their large estate to a high-end townhome in the city.<\/p>\n

Builders developing product to meet buyer demand<\/strong><\/p>\n

Baby boomers are increasingly looking to downsize\u2014but that \u201cmove down\u201d refers only to square footage and acreage. This buyer group wants to maintain a luxury profile; many current Pasadena, La Canada, and San Marino residents are looking to trade in their large estates for more low-maintenance\u2014yet high-style\u2014Pasadena luxury real estate. This has prompted builders like etco HOMES<\/a> to create luxury townhomes like Villas at The Ambassador Gardens that perfectly suit these buyers.<\/p>\n

Walkability<\/strong><\/p>\n

\u201cWe\u2019ve actually known for a while that older adults in general want walkable neighborhoods,\u201d said A Place for Mom<\/a>. \u201cPortland State University and the National Association of Realtors\u00a0showed\u00a0that 30% of baby boomers find a car-optional community very important. The AARP\u00a0found\u00a0that 60% of Americans 50 and older want to live within a mile of daily goods and services.\u201d<\/p>\n

Villas at The Ambassador Gardens puts owners in Pasadena\u2019s sweet spot, walkable to all of the city\u2019s best restaurants, shops, events, and cultural outlets. And with four-car garages in each unit, there\u2019s no need to get rid of your car collection\u2014even if you don\u2019t need to drive on a daily basis\u2014when buying this Pasadena luxury real estate.<\/p>\n

Remodeling<\/strong><\/p>\n

Remodeling is another huge trend among baby boomers; many are looking to do extensive renovations and make aging-in-place modifications to their home to better prepare it for retirement; this desire is pushing remodeling spends across the country.<\/p>\n

\u201cIncreasing home equity and confidence in the U.S. housing market helped lift remodeling spend significantly over the past year, with another boost expected in the coming year,\u201d said Pacific Union<\/a>. The \u201caverage home-renovation spending increased to $5,157 in the past 12 months, a 60 percent gain from the previous 12 months, they reported using data from HomeAdvisor\u2019s annual True Cost Survey<\/a>. \u201cBaby boomers are completing the most home-improvement projects of any generation and are also spending the most money. Many baby boomers are making home improvements so that they can age in place, according to\u00a0a separate poll from the National Association of Home Builders.\u201d<\/p>\n

But, many baby boomers are also eschewing this trend, opting to put their money into Pasadena luxury real estate in the way of a brand new home instead of spending hundreds of thousands of dollars trying to force fit their existing residence to suit their future needs. Communities like Villas are perfectly suited for retirees and pre-retirees because they offer turnkey luxury residences with every spectacular high-end feature baby boomers are seeking.<\/p>\n

Villas offers grand three and four-bedroom, 2,904- to 3,717-square-foot-townhomes brimming with designer style and sumptuous finishes, including gourmet kitchens, plush great rooms, formal dining rooms, private outdoor space accessed via bi-fold doors, and private, in-unit elevators. Villas\u2019 location makes the offering even more idyllic, with the noted convenience and walkability juxtaposed against Ambassador Gardens\u2019 historic, century-old grounds, comprised of acres of rolling lawns, meandering walkways, towering trees, lush gardens, and bubbling fountains and streams.<\/p>\n

For more information about Pasadena luxury real estate, visit Villas<\/a>. You can also click here<\/a> to register and schedule an appointment to tour the community.<\/p>\n","protected":false},"excerpt":{"rendered":"

Baby boomers aren\u2019t just one demographic making moves in the Pasadena luxury real estate market. They are a veritable force, making their own rules, showing their might, and forcing builders and developers to take notice. Moving to new, and perhaps unexpected areas The days of Florida migration among the retirement crowd aren\u2019t exactly over, but Read more<\/a><\/a><\/p>\n","protected":false},"author":4,"featured_media":2194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[9],"tags":[58,57,89,143,78],"class_list":["post-2783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-old-town-pasadena","tag-pasadena","tag-pasadena-luxury-real-estate","tag-pasadena-real-estate","tag-pasadena-townhomes"],"acf":[],"yoast_head":"\n4 Ways Baby Boomers are leading the Pasadena luxury real estate market - Pasadena Perfected<\/title>\n<meta name=\"description\" content=\"Baby boomers aren\u2019t just one demographic making moves in the Pasadena luxury real estate market. 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