Hot San Diego Real Estate Trends for 2008!!!
2008 Buyers are on the search for a deal and Sellers are trying to figure out what is a realistic price to list their house.
The 2008 Buyers are looking for roomy bright and well lit floor-plans. They are looking for large Masters with large spacious spacious closets with open and large Master Baths. The 2008 Buyer would also like to see the home updated with new paint, floor coverings and granite counter tops. However, the 2008 buyer does not mind making some updates to save a buck!
Mark Nash has conducted a study of what home buyers are looking for in Real Estate for 2008 across the country which is:
Bathrooms will need to be roomy with big tubs, espresso machines and wine coolers along with multiple flat screen TV’s. (I’m talking about in the bathroom)
Home buyers want pet showers, elevators and outdoor living spaces.
Eco-friendly homes are top on the list with solar and wind backups to conventional power.
Quality is IN no matter what the size and ceiling height between 9 and 11 feet. No more high ceilings that raise the heating and air cost.
No more upgrade costs with new builders. Buyers want the price to reflect the total cost and not be continually jabbed with additional costs.
Pocket Doors in the kitchen are what buyers want in order to conceal appliances
Floating Homes ( I think this is obviously for those wanting to live on the water).
Technology friendly homes that allow operation using hand-held devices are a must for the technology savvy home buyer.
This is What is OUT for Real Estate in 2008:
Unrealistic Home Sellers who do not have their houses show quality and priced properly.
Living Rooms are out since more home buyers want larger Family Rooms.
Mosaic tile is a thing of the past and too costly to remove for the home buyer.
Retro-1970’s chic is no longer appreciated by home buyers.
Empty “for sale” homes. If your home is not staged and empty, don’t expect the home buyer to buy it!
Double-digit home value appreciation is no longer.
The catch phrase is Hello Green design, goodbye minimalism
From Europe the trend is wood and cork along with warm colors, like watermelon and carrot orange. Kitchen are going fruit colored…lime, orange, yellow, kiwi and tangerine.
Colors like grey are considered sexy such as granite, putty and stone but should not be used in places where the light is harsh.
Furniture such as wicker or a bentwood chair will be combined with chrome. Old styles will be used with new materials.
Be watching for Asian influence in decor since the Olympics will be held in China this year. You will see bright reds, magenta’s, purples, pumpkin orange, peacock turquoise, jade greens and royal blues used as main colors and accent colors.
As you can see there are a lot of changes on the horizon and the future is bright for the 2008 San Diego Home Buyer! However, the 2008 San Diego Home Seller’s have to be realistic or they will be sitting there with their home still on the market in 2009!