Previous generations described their post-retirement lives as the “golden years,” symbolizing a slower lifestyle appropriate for the elderly. But this description no longer applies to the current generation of seniors, baby boomers.    By 2030, the 73 million baby boomers in the U.S. will be at retirement age, with substantial wealth. Despite the impending “silver tsunami,” baby boomers are defying traditional retirement norms. They’re living longer, remaining more active, and often delaying retirement while adapting their luxurious lifestyles to stay engaged in the workforce.   As a result, baby boomers are poised to influence the luxury residential real estate market significantly for the foreseeable future. In fact, many are modifying their living arrangements to suit their evolving needs and preferences, as well as those of their families.   In this Engel & Völkers Trend Report, we identify five key personas within the baby boomer generation that are significantly influencing luxury home ownership. These five foundational personas are redefining retirement, vibrant lifestyles, and the trajectory of the luxury real estate market in North America.   To learn more, read our Engel & Völkers Trend Report.

Ever since the dramatic series Yellowstone, starring Kevin Costner as the owner of Montana’s largest ranch, became an international hit, demand from buyers to own a similar property amid the vastness of the American and Canadian West has remained high. In response to this growing lifestyle trend, Engel & Völkers Americas’ Land and Ranch division is ready to meet buyers’ demand for expansive, multifunctional properties that offer tranquility and potential as vast as the landscapes they’re in. The division specializes in brokering ranches for use as working farms, cattle operations, or secluded private retreats, Engel & Völkers’ extensive network of real estate advisors includes some of the most knowledgeable experts deeply rooted in ranch living. Meet four such experts in our new Land and Ranch mini documentary. Paul Benson leads more than 50 Engel & Völkers shops across seven Western states. “The price for a small patch of land can start in the five-digit range,” he says, “and reach anything up to many millions of US dollars for a luxurious retreat offering acreage and use as a recreational playground for hunting, snowmobiling, off-road adventures, fly fishing, horseback riding, and more.There is no limit on investment potential, lifestyle is simply priceless.” Here are five exclusive Engel & Völkers’ ranches for Yellowstone-inspired living. Live the Yellowstone dream on this ranch in the mountains of Utah for $26 million USD This ranch spans five secluded acres. The main home is 7,700 square feet, features five bedrooms, and an awe-inspiring living area with a fireplace. Rustic wooden beams and stone walls give the property a cozy, warm atmosphere throughout.  Four Hearts Ranch, a 6,000-acre livestock farm in British Columbia for $20.8 million CAD Four Hearts Ranch comprises eight individual homes, a world-class equestrian center, and a well-established cattle operation with fenced pastures. This ranch’s crown jewel is its main house, a masterpiece of modern log cabin-style design boasting a naturally elegant interior and sweeping views of a dynamic landscape.  Roll Tide Ranch in Utah for $12.4 million USD Completed in 2020, this property in the gated luxury Wolf Creek Ranch community spans 168 acres and offers 13,591 square feet of living space. It features eight bedrooms, 11 bathrooms, open-plan living and dining areas, and a high-end gourmet kitchen. Wellness is a key focus of this property: The wellness area, complete with a yoga studio, sauna, and steam room, offers an ideal place to relax. Exclusive rural living in Montana’s Bitterroot Valley for $8.5 million USD  Nestled between the Bitterroot and Sapphire Mountains, this ranch is near the town of Hamilton. The turnkey main home is 7,881 square feet with five bedrooms and five bathrooms, a well-appointed chef’s kitchen with a large cooking island, and elegant living quarters featuring exposed beams. Highlights include a barn with five spacious horse stalls and a guesthouse. Timeless retreat near Whistler for $3.3 million CAD In British Columbia’s idyllic Pemberton Valley, this timeless country retreat has 4,404 square feet of custom living space, five bedrooms and bathrooms, and an expansive living area with a stone fireplace and adjoining kitchen. Light-flooded interiors throughout, numerous terraces, and extensive grazing areas for horses round out this 10-acre country retreat.