Home Buying Trends
What makes home buyer's tick, today?
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updated kitchens and bathrooms
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ample closet space
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low-maintenance features
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in-home technology
But what excited potential homebuyers a decade ago is vastly different from what interests today's generation.
Here's a walk down memory lane.
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Homes in the 1950s often had more bathrooms (an average of 2.35) than bedrooms (1.5).
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Buyers in the 1970s craved appliances in funky colors like avocado and harvest gold.
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In the 1960s, the average home size was 1,200 square feet.
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Average home square footage increased by 21 percent in the 1990s compared to the 1980s, but the number of rooms stayed the same.
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In the '80s, the average number of televisions per household was 1.50, and the average listing price was just over $216,000.
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In the '90s, the average square feet per home had nearly doubled from the '60s, moving up to 2,080.
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By 2010, the average television per household jumped up to 2.93—that's just under 3 televisions per house.
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Today, buyers seek homes with flexible spaces, connectivity between rooms and the outdoors, and opportunities for personalization.
Back to today.
Experts forecast a heavier emphasis on technology and self-maintaining features.
To locate the right home for today, contact Skyrise Real Estate Group.
BRE: 01338047
