2009-11-10 19:43:03 -

Retirees have decided it’s time to make a move in the real estate market. With both the stock market and home sales heading upward, Soleil Laurel Canyon ( www.soleillaurelcanyon.com/ : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ), an active adult community north of Atlanta, has seen increased activity this fall.

“As the stock market made significant strides, interest from the 55+ market picked up,” says Evan Cramer, Development Manager for Active Lifestyles Communities. “Prospective buyers are seeing their retirement portfolios improve. With interest rates low, they’re realizing this is a good time to invest in their next home.”


Having lived in their houses longer, this demographic is also able to capture home equity gains that can be reinvested in their retirement home. Last week’s expansion

of the Home Buyer’s Tax Credit is also likely to benefit this group. “This combination of factors is prompting them to take action,” continues Cramer.

During October, Soleil, a 330-acre gated community in the North Georgia mountains, has signed contracts for four homes to be built, and has three existing homes under contract. Several more contracts are expected to be finalized, and response from East Coast retirees at the Live South Home Show in New York has been strong. Website : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. traffic has also increased.

“It was also great to see Forbes name Atlanta to the top of America’s Recession-Proof Cities to Retire In,” adds Cramer.

Other retirement developments in North Georgia are reporting steady sales, as are active adult communities in other parts of the country.

The Soleil Sales Gallery has seen interest in both existing new homes, several of which are just under 2,000 square feet and listed in the mid-$200s, and new construction where houses range up to 2,800 square feet.


About Soleil and ALC

Active Lifestyle Communities (ALC) is a partnership between Southeast Capital Partners and Patrick Malloy Communities. The company purchased Soleil Laurel Canyon in an all-cash transaction with the plan to invest another $28 million. Residents of the neighborhood’s 230 homes enjoy exceptional recreational amenities including a clubhouse with a heated indoor saline pool, billiards parlor, gourmet teaching kitchen, fitness center and aerobics studio, library, card rooms and an arts and crafts studio. A performing arts center, outdoor amphitheatre, outdoor lagoon-style pool, tennis courts, walking trails, greenhouse and neighboring golf course complete the resort-style environment. To learn more: www.soleillaurelcanyon.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



For SoleilLara Lowman, 404-226-6340 lara@mpressionspr.com : mailto:lara@mpressionspr.com