The Millennials are here and the result are tiny

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Tiny HouseThere has been a major change in our market over the past few years and with that being said I have been trying lately to help my owners of larger homes understand that the demand is for smaller, not larger homes is trending. One of the results of such a market change is that larger homes are fetching lower selling prices and taking longer to sell.

Younger consumers are expanding the market and their desire is to go tiny and everyone is listening. As a matter of fact in 2015, Phoenix, Arizona created "The Containers on the Grand," which is a sustainable housing project made entirely out of shipping containers. At 740 square feet, there is a waiting list for the one-bedroom apartment units.

Even builders are accommodating the market shift by offering a wider variety of home sizes to appeal to a mix of buying budgets and desires. According to the National Association of Home Builders single family, detached homes which have typically been the most sought after home for a majority of buyers has shifted to less expensive townhouses.

Many of the younger buyers are seeking smaller homes as they offer both financial freedom and it addresses their environmental concerns with sustainable living. As of late empty nesters are even taking the tiny plunge.

At the Kathleen Yamauchi Real Estate Group, we always have our hand on the pulse of the real estate market know what it takes to sell your home regardless of the market.

Our team is widely recognized throughout the Prescott AZ area for our customer service excellence, and knowledge of the Prescott AZ real estate industry. In addition, our in-house marketing team utilizes the very latest real estate advertising technology, and because we employ the services of a professional real estate photographer, your property listing will stand out from the rest. We craft and position the message of your property above all of the other noise in this market!

If you would like to learn more about the Prescott Arizona real estate market click here to contact the Kathleen Yamauchi Real Estate Group or call (928)771-1111 today!

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