More 55+ coming to Bucks County?

More 55+ coming to Bucks County?

News flash!  Inventory is low!  As I am sure you have heard, inventory is very low in our area.  The demand for homes for sale is high.  The same goes for 55+ communities.  There is a high demand for 55+, yet so little come on the market.  The market for 55+ communities has skyrocketed over the past 3 years especially.   Many communities see 1 home every 6 months to 1 year come on the market.  Then those homes sell within a day with multiple offers.  Many of our local 55+ communities are increasing in age.  As the homes grow older so do the homes systems and interior amenities.  Most 55+ buyers today want the home to be up to date.  Buyer’s generally do not want to move and have to update a home.  They want move in condition.  

So many buyers turn to new construction homes because then they can have the home built to their needs and wants. 55+ builders recognize this trend.  Yet, land in our area is at a premium.  So where do you build?  We are running out of space.  McGrath has seen a great response to the new 55+ community they are building – St. Josephs Court.  It is a more affordable new construction 55+ community in Falls Township.  In response to the great response they are seeking out new land and have proposed a new building site for a new 55+ at a long forgotten, Church owned parcel once used as a landfill.    For more details see more in this article the Courier Times put out earlier this week:

http://www.buckscountycouriertimes.com/news/20180506/long-forgotten-tullytown-landfill-now-eyed-for-homes/1

More 55+ coming to Bucks County?