Retirees are an important part of the dynamics of Prescott, Arizona. In fact, according to the most recent census, over 35 percent of the Prescott population is 65 years or older. These numbers are understandable, since Prescott offers a great place to retire. Prescott's perfect weather provides an average annual temperature of 70 degrees. Residents enjoy four beautiful and distinct seasons and are surrounded by breathtaking landscapes, granite mountains, lakes, streams, and rolling meadows filled with wildlife. It is a great setting to enjoy retirement with a laid-back lifestyle.
In August each year, the country recognized National Senior Citizens Day. According to the United States Census, a day has been set aside to honor senior citizens because, "Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the senior citizens who mean so much to our land.”
According to the Population Reference Bureau, “The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will rise from 16 percent to 23 percent.”
Seniors Believe in Homeownership
In a recent report, Freddie Mac compared the homeownership rates of two groups of seniors: the Good Times Cohort (born from 1931-1941) and the Previous Generations (born in the 1930s). The data shows an increase in the homeownership rate for the Good Times Cohort because seniors are now aging in place, living longer, and maintaining a high quality of life into their later years.
This, however, does not mean all seniors are staying in place. Some are actively buying and selling homes. In the 2019 Home Buyers and Sellers Generational Trends Report, the National Association of Realtors® (NAR) showed that the population of 64 years and older, make up 21% of the home buyers.
Highlights from NAR’s report:
- Buyers ages 54 to 63 had higher median household incomes and were more likely to be married couples.
- 12% of buyers ages 54 to 63 are first-time homebuyers, 5% (64 to 72), and 4% (73 to 93).
- Buyers ages 54 to 63 purchased because of an interest in being closer to friends and families, job relocation, and the desire to own a home of their own.
- Sellers 54 years and older often downsized and purchased a smaller, less expensive home than the one they sold.
- Sellers ages 64 to 72 lived in their homes for 21 years or more.
Prescott 55+ Communities
Below is information on the several 55+ Communities in the Prescott area. Contact me if you have any questions on these neighborhoods, I would love to show you more of what each community has to offer.
The Gardens at Willow Creek
The Gardens at Willow Creek is a gated 55+ community located a few minutes from historic downtown Prescott, the Prescott Adult Center, and is near the Prescott Lakes Golf Course. These single-family homes have multiple floor plans ranging in size from 1400-2100 square feet with two to three bedrooms, two baths and two car garages. Most homes feature a fireplace, laundry room, fenced back yard and covered patios. The Community amenities include a Clubhouse with great room, fitness center, heated spa, outdoor swimming pool, rock surround fireplace, kitchen, billiards, craft room, and media center.
Prescott Canyon Estates
Prescott Canyon Estates is a 55+ community located on Highway 69 in Prescott, Arizona. This established community is near Frontier Village shopping center, minutes from historic downtown Prescott, and a few miles from the Yavapai Regional Medical Center. Prescott Canyon Estates has a clubhouse, fitness center, indoor pool, tennis court, billiards, spa, and much more. Easy retirement living with an active lifestyle!
Courtyards at the Garden
The Courtyards at the Gardens is a gated 55+ community located off Willow Creek, Road, just 4 miles from historic downtown Prescott. Lifestyle amenities are shared with The Gardens at Willow Creek and include a Clubhouse with great room, kitchen, billiards, craft room, and a beautiful outdoor pool and spa. The neighborhood is close to shopping and dining and features tree lined streets with sidewalks. The Courtyards at The Gardens consist of 56 townhomes that were built between 2000 and 2005 by Malouff and Co. Most homes feature a fireplace, laundry room, fenced back yard, covered patio and front courtyards.
Victorian Estates was established 1996 in Prescott Valley, Arizona. All 178 homes in this gated 55+ community have Victorian exteriors with open contemporary floor plans. The outdoor pool adjoining the clubhouse, exercise room, showers, hot tub, sauna, billiards, and library are part of the active lifestyle of Victorian Estates. Hiking trails and two gazebo parks enhance the common areas. The beautiful open beam clubhouse has a wide veranda with comfortable seating, as well as a full kitchen available for residents at a nominal fee for large parties.
Villages at Lynx Creek, located in Dewey-Humboldt, Arizona is a beautiful active 55+ retirement community. Located just a few miles east of Prescott Valley, residents are minutes from the Prescott Country Club Golf Course and enjoy breathtaking views of surrounding mountains. You will find manufactured homes, park models, and full hook up RV lots in The Villages. Amenities included a large club house, heated swimming pool, indoor spa, fitness center, billiard room, card room, wood shop, laundry facilities, and tennis courts.
Give Me a Call
I love Prescott and I love working with the residence in our beautiful town. Contact me if you would like more information on homes for sale in the Prescott area. Call me at (928) 308-0101.