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Time Magazine covered the event in the real estate section with the article "Old Folks at Home [8]". As of 2019, Ryderwood remains a retirement community. Del Webb opened Sun City, Arizona, with the active adult concept, in 1960. [9] In 2011, The Villages, Florida became the largest of these communities. [10]
According to 55places.com, Florida has the most age-restricted communities with more than 375 communities, with New Jersey coming in second with more than 230 age-restricted communities. [9] Other popular states for age-restricted communities include Oregon, North Carolina, South Carolina, Pennsylvania, and Utah. [10]
A $9.7 million Martin County home with 5 bedrooms and 6½ bathrooms was the most expensive sold in October. See photos of other top home sales.
In terms of per capita income, Connecticut is the wealthiest state in the United States of America.As at 2019, Connecticut had a per capita income of $44,496. [1]Despite its high per capita income, Connecticut is still mainly a middle to upper-middle class state.
According to data from RCLCO Real Estate, the Holding Company of the Villages sold 2,231 homes in 2017, a 13% increase over 2016. The Villages was the top-selling master-planned community in the United States in 2017 and one of only four communities to sell more than 1,000 homes. [19]
In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
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