Orlando Real Estate - Blog

You probably will not be surprised to hear that in 2009, on the average, new-home buyers purchased smaller Orlando homes.

To be exact, the National Association of Home Builders (NAHB) released information showing that the average size of a new home decreased by 40 square feet, from 2,520 square feet in 2008 to 2,480 square feet in 2009. While 40 square feet may not sound like a lot, it is significant because it's been 27 years since the average home size fell by that much.

Are You Missing a Bathroom?

This decline in square footage is also noteworthy because 40 square feet is about the size of an average bathroom. Interestingly, NAHB's statistics revealed that the number of homes with 3 or more bathrooms fell in 2009, for the first time since 1992.

What's Fueling this Shrinkage?

There are 4 primary reasons the sizes of new Orlando homes are declining:

  1. The recession. People are reconsidering how much home they really need and are looking for ways to save money. Results of a 2009 survey by Better Homes and Gardens magazine, showed that downsizing is a bigger priority. Thirty-six percent of homeowners surveyed said they expected their next home to be "somewhat smaller" or "much smaller" than their current home.
  2. The small-house movement. This movement has been gaining steam in the United States for a number of years. The recession accelerated it and home builders responded by building smaller homes.
  3. The prominence of first-time buyers in the housing market. This is being stimulated by the $8,000 first-time homebuyer tax credit.
  4. The increasing number of households with members 55 and older who are buying homes. Folks over 55 prefer to purchase single-story homes, which tend to be smaller than two-story homes.

Considering one of the smaller Orlando homes?

If you're thinking of downsizing, we can help. Call us now at 407-876-5771 for more information.

Posted by Orlando Realty Experts on February 8th, 2010 7:56 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Orlando Homes for Sale image

Orlando Home Valuation image

Orlando Short Sales Foreclosure image

Orlando Real Estate Agents - Homevest Realty image  Orlando Realtors image Realtors Real Estate Orlando image 

Orlando Realty Experts logo image

Orlando Real Estate

We at Orlando Realty Experts are looking for quality realtors to join our growing team of experts, providing professional real estate services to our customers and clients.  Also, offering lead generation and referral partnership programs for established market leaders.

Orlando Real Estate - Service Areas

Orlando – Kissimmee Metro Service Area: Altamonte Springs, Altoona, Apopka, Astatula, Astor Belle, Astor, Belle Isle, Casselberry, Celebration, Christmas, Chuluota, Clermont, Davenport, Dr. Phillips, Eustis, Fruitland Park, Geneva, Gotha, Grand Island, Groveland, Harmony, Howey in the Hills, Kissimmee, Lady Lake, Lake Mary, Leesburg, Longwood, Maitland, Mascotte, Montverde, Mt. Dora, Mt. Plymouth, Oakland, Ocoee, Orlando, Oviedo, Paisley, Poinciana, Reunion, Sanford, Sorrento, St. Cloud, Tangerine, Tavares, The Villages, Umatilla, Windermere, Winter Garden, Winter Park & Winter Springs.

Orlando Metro Service Area - Central Florida Counties: Orange County, Seminole County, Osceola County, Polk County & Lake County.

Orlando Realty Experts: Provides services to home buyers and sellers in Orlando Florida, including FREE Orlando MLS (multiple listing service) search, Orlando new construction homes, preconstruction property, foreclosures, short sales and distressed property in Orlando FL. We are experienced real estate Orlando agents and  brokers that can represent you in the buying process as a buyers agent or help you in selling a home in Orlando. About Us - Location 

Orlando Short Sale Center: A short sale in Orlando offers homeowners a way to avoid foreclosure and help save their credit.  We have a team of licensed Orlando Realtors and loss mitigation experts who specialize in pre-foreclosures and the short sale of all types of property. 

All our agents are licensed by the State of Florida DPBR; active members of the Orlando Board of Realtors, Florida Association of Realtors and National Association of Realtors.  


Orlando Realty Experts 424 E. Central Blvd. Suite 516 Orlando, FL 32801
Phone: Fax:

Why Choose Us! | Contact Us | Free Home Valuation | Search New Construction | Search Orlando Listings | Orlando Relocation Guide | Orlando Short Sale | Looking to Buy | Looking to Sell | Home | Foreclosure Listings | Our Blog

Copyright © 2012 Orlando Realty Experts
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.