Big Demand for Small Homes

By
Real Estate Agent with REMAX Realty Group Lic. # SL3154233

Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.

Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year.

“We expect this downsizing trend to continue in 2020, driven by a confluence of economic and demographic trends.”

Why are smaller homes trending now?

As noted in the article, there are a few main reasons for this demand:

  • “Many of today’s younger, millennial home buyers have expressed a preference for denser, more urban homes that are more walkable to shared amenities.”
  • “Today’s older homeowners are expressing a desire for smaller, less maintenance-heavy and more accessible (read: less stairs) homes as they age and move into newer homes.”

With these two demographic groups surging through the market, the demand for this type of home is rising. If you’re a homeowner with a smaller-scale house, now may be a great time to sell, as the demand for this end of the market is surely on the rise.

Bottom Line

The demand for smaller houses will continue to rise throughout 2020. Contact your local real estate professional Abby Stiller to discuss what the housing inventory looks like in your neighborhood. It might be time for you to take advantage of this trend!

info provided by KCM

Posted by

 

Abby Stiller 

Realtor® Lic. #3154233    

12 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   Your Honest & Dedicated Realtor!

or visit: www.TeamStiller.com

 

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Topic:
Home Buying
Location:
Florida Lee County Fort Myers
Tags:
downsizing
cape coral
fort myers
affordable homes
smaller homes
firs time home buyer

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Rainmaker
4,201,830
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Abby, I think this is a trend, as this past year have received many requests for smaller homes with bigger price tags.

Jan 07, 2020 04:30 PM #1
Rainmaker
3,736,502
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Abby. When I moved I downsized. I actually believe I could live in a tiny house.

Jan 08, 2020 06:30 AM #2
Rainmaker
480,869
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Good morning Joan Cox I've seen only one local here building smaller homes. 2/2 no car garage. 

Jan 08, 2020 06:52 AM #3
Rainmaker
480,869
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Good morning Sheila Anderson We also downsized 4 years ago and I feel we live in a tiny house in compare to the newer homes in the area haha

Jan 08, 2020 06:56 AM #4
Rainmaker
3,736,502
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hi again Abby. I think I could live in a real tiny home, like 250-300 square feet.

Jan 08, 2020 07:12 AM #5
Rainmaker
3,278,232
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Abby,  the young can only afford small houses and the older people get the more they want to downsize in homes.

 

Jan 08, 2020 08:35 AM #6
Rainmaker
2,096,177
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Good Morning Abby!

I like how you opened up the dialogue on this blog post. It's all true! Smaller one story homes are in high demand in my area too and in other cities and states that I checked into too! Idol worship and wanting things that seem attractive and luring in luxury marketing such as what the public knows about celebrities and other famous people doesn't always guarantee happiness. Divorce is another topic... another reason why many people don't stay in those big homes. 

Jan 09, 2020 02:30 AM #7
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Abby Stiller

Professional Bilingual Realtor (239) 284-8637
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