Yes, prices have fallen wherever you go in Southern California. And Condos have taken an even more significant hit. This includes the Senior Community of Laguna Woods Village, formerly Leisure World, where Condo prices are down 36% since the start of this real estate crisis!
This is because the death of the “Greatest Generation” (those people 75 + in age) and the transition to the next major generation, the “Baby Boomers”! The Greatest Generation is dying off and the Baby Boomer generation has yet to keep up with supply and demand… We are predicting that with the “Graying of the Baby Boomers” and their retirement, over the next 14 years, prices in the village will double over the next 7 years. That would be the mid-point of this retirement boom. To do the math, we are talking about 2015 prices will DOUBLE in Laguna Woods Village, one the largest alive retirement communities in Southern California!
So if you are thinking of retiring, Laguna Woods Village is a great place to retire to: 7 clubhouses, 5 swimming pools, 27 hole championship golf (only $8 a round for residents!) – It is a gate guarded community with patrol, there is FREE bus service for all residents, and over 200 clubs to join! Laguna Woods Village is truly a retirement resort community… Check out my web site for more information about Laguna Woods Village, formerly known as Leisure World: www.leisureworldre.com
