Thunder_Mountai
Jan 27, 2018Explorer II
What does the future hold for 55+ park model communities?
The wife and I were talking the other day about how changing demographics will affect the park model retirement communities. We are currently in the Apache Junction/Mesa area. Have no clue how many thousand park models are in the area, but it is significant. Where we are, most of the park model owners are well into their seventies and eighties. They are early baby boomers and parents of boomers. Numerous units are vacant and for sale as the residents are aging out. We're not seeing younger boomers in park models.
All that said, we see high end mixed RV/park model communities such as The Palms in Yuma and Canyon Vistas in Gold Canyon going like gang busters. To us, they appear to be niche markets for the wealthy. They have a $300,000 to $500,000 motor home sitting beside a $200,000+ casita. Many of the residents do appear to be a bit younger than the AJ/Mesa crowd.
We visited friends in one of the older park model communities where the units are from the 1970s and '80s. Units needing upgrading are available in the $10,000 range and even cheaper. The units are small and crammed in together.
We know that 10,000 boomers are turning 65 every day. What are they doing? We know the market for class C and smaller units is booming. We saw one they other day with four slides! Most of these people seem to want to see the USA moving from place to place rather than buying a park model in Arizona and other snowbirding states.
Appreciate your comments and observations.
All that said, we see high end mixed RV/park model communities such as The Palms in Yuma and Canyon Vistas in Gold Canyon going like gang busters. To us, they appear to be niche markets for the wealthy. They have a $300,000 to $500,000 motor home sitting beside a $200,000+ casita. Many of the residents do appear to be a bit younger than the AJ/Mesa crowd.
We visited friends in one of the older park model communities where the units are from the 1970s and '80s. Units needing upgrading are available in the $10,000 range and even cheaper. The units are small and crammed in together.
We know that 10,000 boomers are turning 65 every day. What are they doing? We know the market for class C and smaller units is booming. We saw one they other day with four slides! Most of these people seem to want to see the USA moving from place to place rather than buying a park model in Arizona and other snowbirding states.
Appreciate your comments and observations.