What buyers want
Thursday, July 8, 2010 | 1 comment
Sitting down reading my California Association of Realtors, aka C.A.R. news letters today proved to be interesting as well as entertaining. Apparently a recent survey showed that when men and women are house hunting the men tend to value things such as upgraded bathrooms and kitchens, formal dining rooms, and fantastic views and women tend to lean towards the home office! If I hadn’t read this myself I would have guest quite the opposite.
It also seems that there are changes in what first time buyers and retired people are looking for in a home. Both groups are choosing homes closer to amenities over having larger lots. Having amenities with in walking distance has proved to be more valuable to buyers than owning more property, even when the prices are higher closer to town. The average size of the homes that buyers are wanting is also down. In 2005 single family homes with 4 bedrooms were 39% of the market, in 2009 this dropped to 34%. This is the first decrease in 20 years! During the same time period 3 bedroom single family homes icreased from 49% to 53%.
It is very interesting how our needs and wants change through the years, wether it be from personal changes or changes that we all experience together, such as a struggling economy. Whatever changes, It is my wish to see everyone be in a home that best suits them and thier needs. All of the Realty World family feels the same, so please give us a call and see what we can do to help you get to where you want to be!

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