Reflecting a rebounding local economy and strong interest in its relaxed senior lifestyle, Walnut Creek’s Rossmoor reported that 2011 home resales in the active adult community were up over 18% from 2010. In total, 540 Rossmoor homes (known as “manors”) changed hands in 2011, a dramatic increase from 457 manor resales in 2010. But this doesn’t just a year-on-year increase…in fact, it’s the most annual resales at Rossmoor since 2004.
Significantly for Rossmoor’s financial bottom line, the manor sales earned the community $3,283,000 in transfer fees, which will go toward paying off community improvements such as the Del Valle pool enclosure and Creekside community center, as well as financing new projects currently on the drawing board, such as an Event Center and table tennis facility.
David Smith, Chairman of Rossmoor’s Finance Committee, attributes the strong interest in Rossmoor homes to the recent addition of the Creekside social center and restaurant and the construction of covered pools at the Del Valle athletic facility, both of which make a strong positive impression on prospective buyers.
According to Smith, “Agents tell me that in touring Rossmoor, new buyers are always shown these facilities, and most seem to like what they see. Apparently, our new buildings and facilities are a major draw for new residents.” While home prices at Rossmoor are still below their all-time highs, the strong buyer demand seen in 2011′s sales numbers indicates that the community remains one of California’s most popular active adult communities.
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