Teresa Stanbrough Opens The Doors
By Steve Tobia | Portrait By Steve Patchin
We all know the many reasons why so many Baby Boomers are moving from California to Las Vegas—no personal income tax, less congestion, more home and open space that is affordable—and these are just a few of the major reasons.
But lifestyle and fitting into a new community are also a major concern for some people relocating.
According to recent government and industry statistics, more than 40% of new home buyers in Las Vegas are moving from Southern California. The median home price in Las Vegas is slightly more than $300,000 compared to the median home price in Los Angeles of $550,000.
“Baby Boomers are selling their significantly inflated homes for top dollar and purchasing homes here in Las Vegas at nearly 50% less. No personal income tax, and many of the other taxes and fees in California don’t exist, which is critical when planning your retirement budget,” states Teresa Stanbrough.
Historically, many people who lived in Southern California and retired, moved to the Palm Springs Region, South Orange County and Santa Barbara. But the personal income taxes and other high taxes and fees, along with the high cost of housing, has changed the retirement exodus east to Las Vegas.
Las Vegas has radically emerged from a convention and gambling destination. The Region has 3 million residents and offers abundant housing and lifestyle options not available in other regions. Even Arizona and Texas, which are states that some Californians are moving to, don’t compare in resort living amenities.
Within a short drive to the Strip from every resort community, people are enjoying top rated restaurants, live concerts, professional sports, world class shopping and events.
We asked Teresa, one of the leading Las Vegas real estate experts, who specializes in helping Californians relocate to premier guard-gated golf communities in Summerlin, how she assists clients from California with their home buying relocation and transition.
“Working in corporate management most of my adult career, combined with 14 years as a realtor, I understand what executives are looking for when they retire. They want a secure, prestigious neighborhood that is convenient and has access to golf, restaurants and entertainment. They also want the convenience and security of the “lock and leave” feature for extended periods of leisurely travel,” comments Teresa.
Of the many new home sites to choose from is Fairway Hills, which is where she and her husband, Frank, live. This luxury condo community is nestled beside Bear’s Best golf course within one of Summerlin’s most exclusive guard-gated communities, The Ridges. This breathtaking enclave has stunning mountain views and offers luxury single-level living, private terrace and garages, elevator access, views, on-site amenities and magnificent modern architectural designs. It is a low-maintenance living with resort-style amenities including a private clubhouse, fitness center, swimming pool, spa, and more.
Teresa’s outgoing and friendly personality makes a positive influence on people moving into her community. “My husband and I moved here for many of the same reasons as my clients. We enjoy bringing friends together at our home through cooking, baking and entertaining, along with being involved in the social activities with our community. Of course, we love to travel and appreciate the secure lock and leave aspect that this condo lifestyle offers.”
Condos range from the low $700s to $1.1 million. The price range for single family homes in The Ridges range from $1.1 million to more than $14 million.
“When people retire and move to Las Vegas, they want to live and socialize with people who have similar interests. Summerlin offers just that! It is the preferred community for retirees because of the abundance of homes that fit their lifestyle, security, golf and outdoor activities, and of course, dining and entertainment.”
For a personal tour of condo resort-style living in Summerlin, contact Teresa at (702) 860-6419 or [email protected].