As baby boomers enter the active adult market, many market-savvy buyers are choosing low pricing coupled with maintenance-free living instead of oversized, over priced homes. Matzel Development’s 55+ community, Covington Village has seen a steady increase in these buyers.
(PRWEB) May 5, 2009 — Due to 2008’s housing downturn, an increasing number of 55+ adults are now in search of cozy condominium communities rather than large, oversized single-family homes. Not only are condominiums typically less expensive, but according to a 2008 poll, 64% of active adults rank low maintenance as a “paramount issue in choosing a home”.
Over the past few years, Matzel Development has seen this trend develop at their 55-plus condominium community, Covington Village in Ocean County, NJ, has seen this trend develop over the past few years, according to Marge Karahuta, Vice President of Sales and Marketing for Matzel Development.
“We have seen a substantial increase in traffic since the beginning of 2007,” Karahuta explained. “Through further discussions with our homeowners, and visitors, we have found that our maintenance-free lifestyle and value pricing are the primary reasons active adult buyers from New York and New Jersey are choosing Covington Village.”
According to Karahuta, the community, located in one of the most desirable locations along the Jersey Shore, close to shopping, major highways, aquariums and famed boardwalks. Covington Village is now attracting buyers with upgraded quick delivery homes aggressively priced from $149,900 and new, Phase II designs from $157,500.
“Our prices are the best in the area, especially when you take into consideration our upscale, on-site amenities,” added Karahuta. “Our clubhouse offers the best lifestyle enhancing features including a state-of-the-art fitness center and resort-inspired outdoor pool.”
For more information about Matzel Development and Covington Village, visit BestDeal55.com.