Micro Condos
March 11th, 2016The Latest in Edmonton Real Estate Style
In traditional real estate, the demand is for “more” – more acreage in the lot size, more square footage in the home, more bathrooms, bedrooms, etc. And this demand for more has also added to average real estate prices. This has made home ownership an unrealistic prospect for many interested buyers.
With all this push for an increase in space, however, a new trend has been quickly emerging across Edmonton and beyond – the micro living revolution.
Micro condos (those smaller spaces typically between 225 and 400 square feet) are quickly becoming an in-demand trend within real estate. And as Edmonton quickly catches up to the trend, smart buyers and sellers are taking advantage of this new phenomenon right now.
Getting to Know Micro Living
Micro living is shifting the real estate dynamic toward buyers who are willing to compromise some of their square footage space for a great location. These tiny units give young professionals everything they need to live comfortably (albeit a bit less roomy than normal). And they give these buyers the benefit of real estate that they can actually afford to buy.
There are all sorts of incentives for buyers to invest in micro condo living:
- Trendy, Space Saving Designs
Funky and quirky designs within these small spaces are designed to utilise every last inch of the space – maximising the value and utility of these smaller units.
- More Affordable for First-Time Buyers
Lower prices for smaller condos are a much more appealing prospect for new buyers. This adds to the pool of available buyers – making the market red-hot here in Edmonton.
- More Accessibility to Desired Locations
Micro condos give buyers affordable access to higher demand areas such as downtown. This is always a great incentive to scale down and go with a micro-sized living space.
Great Market for Sellers, Too!
Are you a seller looking to capitalise on this growing trend? Micro condos and other smaller-scale properties are becoming a high demand area within Edmonton real estate. Now is the time to list your properties and find a buyer quickly, and take advantage of this trend.
Have a Look at the Latest Properties Today
As you can see, micro condos showcase the latest in style and function with form-factor living for on-the-go professionals. And with the rising demand for this type of real estate, your own micro condo living is here for the taking!
To learn more about available Edmonton properties – or to list your own home or condo for sale in this high demand market – contact Corinne O’Neil today. Whether buying or selling, she’ll help you get the results you demand for your property sale.