What Today’s Buyers Want in a Home

As the COVID pandemic dragged on, buyers continue to prefer their own space.  The majority (about 82%) of home sales were for existing homes.  New construction was only about 15% of sales and were mostly buyers that didn’t want to do renovations or have problems with the house, choosing to customize their own home.

7% of sales were for townhouses and row homes, while 3% were duplexes and condos in 2 – 4 unit buildings.  1% were for condos in larger buildings.

The typical home cost was an average of $305,000, spanned 1900 square feet, and had 3 bedrooms/2 baths.

Although headlines were screaming that city dwellers were leaving, the percentage of people buying in the cities and suburbs remained mostly unchanged over the past two years.  Most buyers moved only about 15 miles away from their previous homes – not across the country.  Just over half of all buyers purchased in the suburbs, 21% bought in small towns, 13% purchased in cities, and 12% become homeowners in rural areas.  Only 3% purchased in vacation areas.

For more information, contact Penny at (206) 618-5123 or email me at Penny@TheOriginalPenny.com.

Serving:  Bainbridge Island, Poulsbo, Silverdale, Kingston, Bremerton, Port Orchard, Port Ludlow and Ocean Shores.