What do the Millennials and Baby Boomer's have in common?  More than you think. 

Both groups are increasingly choosing urban living and according to the U.S. Census Bureau, the trend is expected to peak in 2015.  These two population groups seem to be synchronized with their choices in housing and  they are finding that the urban home fits their lifestyle a bit better.

The Millennial Generation are people born in the late-1970's through the mid-1990's and the Baby Boomers are those born between the mid-1940's through the mid-1960's.  Together they make up the majority of the population in the United States and are around 160 million strong...the two biggest generations.

Both the Millennials and the Boomers are moving back to the cities and simplifying their lives.  Searching for an urban condo seems to be the solution for both.  The cost of transportation has increased as we have seen gas prices exceed $4/gallon in San Diego--making it the second biggest household expense.  These groups are both moving closer to work and downsizing at the same time creating a greater desire for the perfect condo Downtown.  Some of the most desirable areas of Downtown San Diego include:  Banker's Hill, Hillcrest, Marina District, Little Italy, Gaslamp, East Village and even Mission Hills.

I've noticed this trend in my business and I love working with both groups--listening to their needs and noticing just how often they are in sync with their parameters even though their rationale is different.   Millennials like the convenience to restaurants, parks and possibly work, while also appreciating the amenities and the ability to lock and leave a condo when they travel for business or pleasure.   Boomers like that everything they need is usually very close by and they also love the idea of living in a single-level environment where they do not have to care for the yard or the exterior of their home--they also love the idea that they won't have to move again if their mobility becomes limited in the future.

Stay tuned for information about my new listing in Banker's Hill...the perfectly chic 2 bedroom, 2 bath condo that has it all!