During the summer of 2006 a survey was completed by 66% of Sandy Cove residents. The following information summarizes the demographics obtained from our owners. While the information may vary for the entire population of Sandy Cove, this sample is a very significant amount and should be fairly representative.
- There are fifty owners (two individuals own two units each) of Sandy Cove condos, comprising one house, thirty nine villas, and twelve residences in the mid-rise.
- 64% of owners purchased their units since 2000, 15% before 1990, and the remaining 21% during the 1990’s.
- Our owners originally come from Florida (9%), Northeastern U.S. (39%), Midwestern U.S. (25%), Mid Atlantic states (21%) and Southwestern U.S. (6%)
- 44% of owners spent considerable amounts of money to upgrade their units in the past five years.
- 45% of owners plan to do a significant upgrade during the next five years.
- 55% of primary owners are working full time, 15% part-time and 30% are retired.
- 6% of primary owners are under 45 years of age, 48% are 46 to 55, 15% are 56 to 61, 12% are 62 to 70, and 18% are over 70.
- For 36% of owners this is a principal residence, for 33% it is a seasonal home, and for 31% it is a combination vacation/rental condo.
- While 100% of units are occupied at some point during January through May, 78 to 87% of condos receive some usage during all other periods of the year.
- 46% of the units are occupied for 37 to 52 weeks in a year; 12% for 25 to 36 weeks, and 42% for less than 25 weeks.
- 70% of owners expect to use their condos more in the next five years.
- 88% of owners use the beach for relaxing, 84% for observing the sunset, 67% for swimming and 61% for observing wildlife.
- 57% use the lake for relaxing and 49% for observing wildlife.
- 79% of owners picked Sandy Cove’s location as one of the top three attributes, followed by the beach (67%), the lake (39%) and quietness (36%).
- 94% of owners read the Board minutes and 78% read the newsletter to stay informed about Sandy Cove.