Tag: homes for sale

  • Great News For Homeowners!!

    Almost half of the country is within 10% of 2006 peak home prices!

    Prices are up 12.5% year-over-year. This includes distressed sales.

    The housing market is finally catching it’s breath as we head in to 2014, according to the president of CoreLogic. We are seeing  normal and anticipated seasonal patterns with strong gains in the spring months and slowing  in the fall months.

    These five states have seen the highest year-over-year appreciation in home values.

    Nevada +25.9%

    California +22.4%

    Georgia +14.2%

    Michigan +14.1%

    Arizona +14%

    New Mexico was the only state that saw a decline of 0.5% year-over-year.

    Increasing home prices are helping more states experience a much needed housing recovery. While we are seeing gains in the housing market, it is expected to slow in the coming  years to a more sustainable level of 4-7% annually.

  • Average Home Size Growing

    An average new home size now has increased 300 square feet since 2009. It has increased from an average of 2,362 square feet in 2009, to 2,679 square feet in 2013.

    With this additional square footage, there are more homes adding more bedrooms, bathrooms, and amenities than there were in 2009.

    48% of homes built in 2013 had four bedrooms, whereas there were only 34% of homes with four bedrooms built in 2009. 35% of homes built in 2013 had three or more bathrooms, there were only 23% in 2010.

    Additionally, homes are now accommodating more space in the garage. 22% of homes in 2013 had space to fit three cars or more, compared to only 16% in 2010.

    Builders say that amenities that are most likely to be included in new homes are: a walk-in closet in the master bedroom, low-e windows, a laundry room, and a great room. Some other amenities that are favored by many builders are things like: granite counter tops, double sinks, a central island in the kitchen, 9 foot or higher ceilings, a front porch, exterior lighting, and a patio.

    Bigger homes though, also mean higher prices. Average sales prices have increased from $248,000 in 2009, to $318,000 in 2013.

    Some other features at the bottom of the list that builders will include in new homes during 2014 are: laminate kitchen counter tops, an outdoor kitchen, a sunroom, a two-story foyer, and a whirlpool tub in the master bathroom.