Real Estate Listings Hint Return of McMansions | Boise, Idaho

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Recently the job report met familiar disagreement about the direction of our nation’s economic recovery: sure there are more new jobs! However, far too many of them are just part time. Questions are everywhere: is the economy improving? Well, truth is barely if at all!
There seems to be hardly any controversy when it comes to the selling of larger homes. In Boise the price of real estate listings might have gone up whether a trend surfaced in our area or not. Some people are making the decision to down size their Boise homes so that could be one reason why average real estate listings are registering an increase. People who are leaning toward having more square footage are not confined to existing homes. Reports from the Census Bureau are showing that the median size of new homes are also growing.
If you look at it another way: McMansions may be on their way back!
Years ago during the recession, many experts agreed that the McMansion days were over. When the stability of our economy fail, many younger buyers were growing cautious, be careful not to purchase more house than they actually needed.
This happened as the baby boomers downsized to accommodate their shrinking nest eggs. Larger homes — especially the new McMansions — fell out of trend. The liberal media charged in, portraying larger residences as energy-sucking, less-than-green relics of unsuitable prosperity. It is no wonder that some leading experts concluded that a new housing era was upon us.
It is now evident that consumers did not want less space. Many people just could not afford bigger homes or they were afraid about the future. Also, the trend toward more multi-generational living quarters may have something to do with it — but whatever the reason, the nature of real estate listings in Boise is changing again. More prospective buyers are looking at bigger homes and pressing for more living space. Do not be surprised if you find more Boise real estate listings that emphasize for greater square footage. Most may not be McMansions, but larger residences are becoming very poplular. If you are considering buying or selling in Boise this fall, call me today to talk about the market in your neighborhood.

View a few listings in Boise, Idaho that are active and updated daily Monday through Friday except holidays under From $300K to $400K over 2500 square feet furnished by IDX/IMLS:

 

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