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October 23, 2014

5 Retirement Havens Near Urban Hot-spots

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5 Retirement Havens Near Urban Hot-spots

ERA Real Estate believes that a lot of retirees are looking to stay near big cities and near their families, but not in the city, by seeking more affordable options nearby. 

“One day our children will leave the nest and naturally, as parents, we want them to soar,” says Charlie Young, ERA Real Estate president and CEO. “We also want to stay in touch and visit with them as much as possible without giving up our own lifestyle.”

ERA identified the following places as good retirement hot spots that retirees can enjoy but still stay closer to family in the city: 

  • Richmond, Va.: Less than a two-hour drive from Washington, D.C., RIchmond is filled with outdoor activities and near the beach and mountains, and has average home sales price of $206,000.
  • Cape Cod, Mass.: With direct flights to and from Boston, Cape Cod boasts retirement communities, a growing healthcare network, golf courses, and a beach getaway, and homes are selling on average for $457,000 (but condos are available for under $100,000).
  • Door County, Wis.: Less than an hour's direct flight from Chicago, Door County, Wis., is known as the “Cape Cod of the Midwest,” boasting fishing, boating, and plenty of shorelines. The average sale price is about $172,000. 
  • St. George, Utah: Less than a two-hour flight from Los Angeles, St. George, Utah, is known for its red bluffs and close proximity to Zion and Bryce Canyon National Parks. Homes sell for an average price of $225,000.

Source: “Relaxing Retirement Markets Near Your Urban Kids,” RISMedia (Nov. 26, 2012)

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