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Current Market Encourages Seniors to Sell and Move to Park Springs

Home » Latest News » Current Market Encourages Seniors to Sell and Move to Park Springs

Kevin_Iskakson 2012Since the beginning of 2013, more and more seniors are convinced that now is a good time to sell their original home … and make the move to Park Springs.

In the greater metro Atlanta area, the inventory of existing homes is low, which means that housing prices are increasing. This has encouraged many senior homeowners to decide that now is the time to downsize and select the lifestyle offered by Park Springs, the premier continuing care community in Stone Mountain.

As Arielle Kass wrote in her front page article in The Atlanta Journal-Constitution on July 16, 2013, there is “More Good News on Housing: Foreclosure notices drop dramatically as metro home values rise. (….) In fact, the number of homes for sale is so low that prices are rising quickly as buyers in some areas compete for the existing homes.”

“Rising home prices and sales, an increase in consumer confidence, a better performing stock market, plus the fact that it takes less time to sell a home today than it did the same time last year are all factors that matter when seniors are making this thoughtful decision,” according to Kevin Isakson, Director of Sales and Marketing of Isakson Living, the owner and operator of Park Springs CCRC.

“Some of our newest members, watching the market carefully, have been considering their move to Park Springs for more than a year. Since earlier this spring, they have been able to sell their existing home quickly, at a realistic and fair price.”

According to the National Association of Realtors, in April 2013, existing home sales rose to the highest level since November 2009, up 9.7% from the previous year. During this same month, properties were on the market for an average of 46 days, compared to 62 days in March 2013.

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