By Sean Colón
As the baby boomer generation ages, the demand for 55+ retirement communities in Arizona continues to grow. These communities offer a variety of amenities and services tailored to the needs and preferences of older adults. As a realtor, it is essential to understand how to navigate this unique market to best serve your clients. In this blog post, we'll provide expert advice on representing both buyers and sellers in 55+ communities in Arizona.
Understanding the Market
Arizona has long been a popular destination for retirees, with its warm weather, beautiful scenery, and abundance of recreational activities. As of 2020, the state's population was over 7.3 million, with over 20% aged 65 and over. The demand for 55+ communities is particularly high in areas such as Phoenix, Scottsdale, and Tucson.
Before diving into this market, it's important to understand the different types of 55+ communities. Active adult communities offer a wide range of amenities and social activities, while age-restricted communities typically have more limited amenities and may have restrictions on the number of younger residents. Understanding the needs and preferences of your clients will help you identify the right community for them.
Working with Clients
When working with buyers, it's important to listen carefully to their preferences and priorities. For example, some clients may prioritize access to golf courses, while others may be more interested in fitness centers or community gardens. Knowing the specifics of each community and being able to match your client's priorities with the right community will help ensure a successful transaction.
For sellers, it's important to creatively market their property within the 55+ community. One way to do this is by working with a professional photographer to highlight the unique amenities and features of the community. This can help attract buyers who are looking for a specific type of lifestyle or set of amenities.
Navigating HOA's and Age Restrictions
Most 55+ communities in Arizona have homeowners associations (HOAs) that regulate community rules and amenities. As a realtor, it's important to understand the HOA's rules and regulations, as well as any fees associated with membership. Additionally, age restrictions may vary from community to community, so it's important to verify the age restrictions of each community and ensure that your clients meet the requirements.
Popular 55+ Communities in Arizona
There are many 55+ communities throughout Arizona, each with its unique amenities and features. Here are a few of the most popular communities:
Sun City: Located in the Phoenix area, Sun City was one of the first active adult communities in the country. With over 26,000 homes, this community offers an abundance of amenities, including golf courses, fitness centers, and swimming pools.
SaddleBrooke: Located near Tucson, SaddleBrooke offers a variety of outdoor activities, including hiking, biking, and golfing. The community also features multiple fitness centers and swimming pools.
Trilogy at Vistancia: Located in the Phoenix area, Trilogy at Vistancia is an active adult community with a focus on wellness and social connectivity. The community features a state-of-the-art fitness center, as well as a variety of classes and events.
Mountainbrook Village: Nestled in the heart of Gold Canyon, this 55+ community boasts sweeping views of the Superstition Mountains and plenty of golf course fun! The community fee not only includes copious facilities and classes, but it also encourages a sense of community with plenty of activities planned throughout the year.
Conclusion
Navigating the 55+ retirement community real estate market in Arizona can be a lucrative and rewarding experience for realtors. By understanding the market, working closely with clients, and knowing the specifics of each community, realtors can successfully help buyers and sellers achieve their goals. Whether you're representing buyers or sellers, it's important to have a deep understanding of this unique market to best serve your clients.