It’s been another great year living in the South Bay, so it’s no wonder that demand remains high in the area while inventory stays low. Throughout 2014 I’ve noticed a few key trends in what homeowners and buyers are now looking for in their homes.
First, don’t underestimate the desire for South Bay residents to go completely green. The sustainable movement is alive and strong in the Beach Cities as residents strive towards an environmentally-friendly and smarter lifestyle. Green-energy homes are in top demand and will continue to be in demand in the new year. Energy-efficient appliances, solar power, excellent insulation, and native-gardens that use less water are the top desires for new buyers. Homes that have any of these energy- and money-saving features are going to be at the top of potential buyers’ lists.
Buyers are willing to downsize for a great view, too. If there’s a glimpse of the ocean from a balcony, some buyers will be willing to forfeit an extra bathroom or a larger backyard. Homeowners enjoy efficiency and well-used spaces, so beachfront properties in Hermosa Beach and Manhattan Beach will be extremely popular.
Baby boomer homeowners are also looking for homes that make sense for them to grow old in. For many, this means a trend toward downsizing, as well as taking into account the floor plan. For some, of course, there’s also the surroundings — there’s nothing like opening your backyard and walking out onto the sand when you hit retirement.