2019 buyer behavior & relocation trends · westchester. ny prince george's cty. va bergen,...

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2019 Buyer Behavior & Relocation Trends Presented by Ben Keal & Daniel Keir

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Page 1: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

2019 Buyer Behavior & Relocation Trends

Presented by Ben Keal & Daniel Keir

Page 2: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Purchase

Page 3: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

When will they buy?

Page 4: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

What type of property?

Page 5: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Must have home features…

Page 6: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Do consumers use “Discovery Tours”?

Page 7: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Purchase Questions:

Single family homes and new construction are at the top of the wish list.

Does that align with your communities?Are you selling other types of inventory?Do you have readily available inventory?

Since “Discovery Tours” are so important,

Do you use ambassadors or sales only?Do you include the surrounding area in the tour?What % of your visitors buy on the 1st visit?

Page 8: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Lifestyle

Page 9: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 10: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Which of the following activities are important to you?

Page 11: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 12: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Lifestyle Questions:

What are the major lifestyle motivators your community is seeing?

Do you offer amenities that are in demand?

How do you market “planned” amenities?

Page 13: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Relocation

Page 14: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 15: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

NCOA DATA…

Page 16: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 17: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 18: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Lifestyle Questions:

Page 19: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Mapped Relocations from NCOA Data…

Page 20: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA
Page 21: 2019 Buyer Behavior & Relocation Trends · Westchester. NY Prince George's Cty. VA Bergen, NJ Somerset, NJ Montgomery, PA Fulton, GA Lake, FL Morris, NJ DAKalb, IL Los Angeles, CA

Relocation Questions:

What % of buyers relocate from another state?

How many of your prospective buyers change their mind on relocation?

Do you run your database through the NCOA database?