The Current Trend: People Buying Smaller Homes

Olympia home buyers are now seeking out smaller homes, as downsizing seems to be the trend throughout the country.

In 2009, the average home was about 2,135 square feet, a drop from earlier in the decade when home sizes peaked at 2,300 square feet. Kermit Baker, chief economist for the American Institute of Architects, reports that most people want simpler homes and less space.

The 5,000-square-foot home with a bathroom large enough to party in is slowly becoming a thing of the past. People are not looking for mansions anymore.

Many are looking to cut back on housing size as a way to save money during these turbulent financial times. The days of wanting media rooms, a game room, or a fitness room are behind us now, as buyers are looking for rooms that can serve a dual purpose thus cutting back on overall expenses.

The typical American home today now consists of six rooms, three of which are bedrooms, with two or more bathrooms. More homes are now equipped with central air, dishwashers, and garbage disposals than in the past. Consumers are now looking to design their homes with comforts, instead of extra rooms.

A poll taken in 2009 showed that of the more than 76 million owner-occupied homes, 63 million were traditional detached, single-family residences. More people are now flocking to the suburbs rather than staying in the city as another way to save money.

Whether you are still in the market for a larger home with many rooms, or a smaller one with the needed amenities, I can help you. Please contact me or visit my Exit Realty Boardwalk site for a look at the best properties in Olympia, Lacey, Shelton, Tumwater, Dupont, Yelm, Rainier, and Rochester. Call Cyndi Nelson today at Exit Realty Boardwalk at 877-288-2932.