It was reported today that the average size of a new home has declined for the first time. After years of homes ballooning from 1,750 square feet in 1978 to 2,629 square feet in the second quarter of 2008 - the average new home is now down to 2,438 square feet (in the third quarter of 2008).
What about the southeast Phoenix Valley? I’ve started to notice new homes seem to be designed more efficiently - making better use of a smaller space and adding architectural features that make the home seem bigger. Buyers are wanting less space, too, but don’t want to compromise functionality.
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