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Blog :: March 2017 :: The RV Market is Hot!

The RV Market is Hot!

Baby Boomers!

According to Melody Hahm of Yahoo Finance, "The RV market is on a tear."  RV shipments reached 430,961 units in 2016 which is the best annual total in over 40 years.  And this demand is expected to continue to increase, especially if real per capita net worth continues to improve and the prices of homes (which have been helping households buy RVs since the end of the Great Recession) continue to appreciate.

Real estate developers are taking advantage of this in some of the hotter retirement markets (Arizona, Florida, Nevada), and building communities that cater to these baby boomers.  While I am sure there are many out there, one that is doing particularly well is Valencia Lakes in Florida.  They built an RV parking lot for the homeowners and currently have a waiting list.  And in Henderson, NV, Heritage offers homes with an RV garage (this brings a $25,000 premium for those homes).  
RVs are whetting the baby boomer's appetite to explore more of America by allowing them to take their homes with them; they are mobile and not tied to one vacation home.  Many are selling their homes and taking to the road.
 
While new RVs will start at about $130,000 +, there are many good used RVs available for a lot less. Prices are all over the board and it is a good idea to do your research before shopping around.  A good place to look up RV values is NADA or call your local RV dealer for help.  All of us here at Premier Coach Services would love to help; give us a call today at 816-587-1500 or 866-426-2247 Toll Free!

Good luck and "happy traveling!" 
   
Posted: 3/29/2017 1:53:35 PM by Linda Casey | with 0 comments


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