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Highlands Ranch Colorado :: Real Estate News :: Home Size Continues to Decline
Census data shows that the average square footage of a new single-family home dropped to 2,438 square feet in 2009 after peaking at 2,521 square feet in 2007.
"The decline in the early 1980's turned out to be temporary but this time the decline is related to phenomena such as an increased share of first-time home buyers, a desire to keep energy costs down, smaller amounts of equity in existing homes to roll into the next home, tighter credit standards and less focus on the investment component of buying a home," says National Association of Home Builders chief economist David Crowe. "Many of these tendencies are likely to persist and continue affecting the new home market for an extended period."
The data indicates that 34 percent of new single-family homes had four or more bedrooms in 2009, down from 39 percent in 2005, but the number with three bedrooms rose to 53 percent from 49 percent over the same time span. Additionally, 37 percent of new single-family homes had two bathrooms in 2009, up from 35 percent in 2008; and the number with just one story rose to 47 percent last year from 43 percent in 2007.
One Builder in Colorado has rolled out a smaller home concept they're calling Shea Spaces. The homes available to build range in size from a three bedroom / 3 bathroom 1568 square fee
t with a base price of $181,900 (the artists rendition is shown here) to a 4 - 6 bedroom / 3 bathroom 2274 square feet home with a base price of $244,900. There is also a 3 bedroom / 2 bath 1621 square foot ranch model with a base price of $218,900. They're trying this new concept out in the Reunion neighborhood in Commerce City, Colorado. We would love to see them make their way eventually to Highlands Ranch, we'll see. If you'd like to take a look hop over to the Shea Spaces Website.
Whether you're looking for a large home, or if you're looking to trade yours in for a smaller model, give SampronSisters of Home Real Estate a call at (303) 931-3629 and we'll be delighted to help.
Your Westridge Knolls Real Estate Expert -
Your Highlands Ranch REALTORS®
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REALTORS® Carrie Sampron and Kathy Sampron specialize in residential real estate in Highlands Ranch, Colorado, as well as in surrounding communities in Metro Denver. Contact Carrie Sampron at 303-931-3629 or Kathy Sampron at 303-931-3780 to list your property for sale or to purchase a home in Highlands Ranch, Denver, Lakewood, Littleton, Arvada, Centennial, Greenwood Village, Cherry Hills Village, Castle Rock, Parker, Aurora, or any other Metro Denver community. We also appreciate your referrals! |
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