« Return to Blogs

Palm Beach County Listings Show Changes After Real Estate Resurgence

listing | Real Estate ListingsIt’s a little like fashion in men’s ties. The really wide or narrow ones you laugh at today will be back in style sooner or later. There’s an analogy in our Palm Beach County listings.

After the financial crisis in 2007, the average size of homes began to shrink. One major casualty was the “specialty room.” Specialty rooms (or special function rooms) are any room that serves a non-standard purpose. In the Palm Beach County listings, you find them described as gyms, saunas, home offices, laundry rooms, home theaters, au-pair suites, “man-caves” and outdoor living rooms.

These are extras: desirable, but not really necessary. Once home sizes began to shrink, buyers demonstrated that they were willing to do without. But today, as the real estate market recovers and budgets loosen, home sizes are sharply on the rise. New home builders report year-over-year square footage growth of 10% to 13%...and listings have already begun to indicate that specialty rooms are on the way back, too.

Mud Rooms: More Popular

The American Institute of Architects 2013 Home Design Trends survey noted that mud rooms and outdoor living areas are increasing in popularity, with 45% of the residential architects who responded noting increased interest in mud rooms—and just 1% claiming a decline.

Au Pair and In-Law Suites Increase

Another interesting trend is the increase in Palm Beach County listings that include au-pair or in-law suites. Aging family members who require assistance account for part of the trend, as do dual breadwinning families for whom live-in childcare is a necessity.

Home Office Popularity: Slight Decline

In prior years, the AIA Survey found the Home Office rated as the most popular special function room. In last year’s survey, home offices fell into third place, with only 22% of the architects reporting interest in them. Whether that reflects in West Palm Beach listings or not remains to be seen, but if so I suspect it could be due to the improved technology and portability of laptops and tablets: they simply no longer require a dedicated room in the house.

With the economy showing strength and house prices expected to rise this year, we’ve probably just seen the beginning of the resurgence of listings in West Palm Beach featuring more specialty rooms. And if you are thinking of buying or selling yourself, don’t wait to contact me to discuss taking advantage of the upcoming spring market!

 

 

    

 

Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
http://www.christianpenner.com/palm-beach-county-listings-show-changes-after-real-estate-resurgence/
Palm Beach County Listings Show Changes After Real Estate Resurgence


Or You can click "Call Me" below to call Christian Penner directly using Google Voice


blackwhite#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and #Tequesta. #Christian Penner Mortgage Broker Jupiter has the #lowest mortgage rates and the best #home mortgage programs like; #Jumbo loans, #FHA Home Loans, #VA Home Loans, #Reverse Mortgage Home Loans, #Freddie Mac Home Loans, #Fannie Mae Home Loans and #HARP Mortgage Loans. #Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 15 years with his #Home Loan Lending Needs and Works with #FEMBI Mortgage in Jupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

- - -- - -

View Larger Map

- - -
ChristianPenner.com
http://www.christianpenner.com/palm-beach-county-listings-show-changes-after-real-estate-resurgence/
Palm Beach County Listings Show Changes After Real Estate Resurgence