The hottest trend in Manteca’s new housing market besides value pricing can be summed up in “one” as in one-story homes.
Only a handful oftwo-story homes were among the 60 housing starts in Manteca during August.
Builders from AKF Homes to Woodside are all indicating the growing preference is for larger one-story floor-plans. It is being driven by the buyers who are dominating the new home market - middle-aged and older couples. They don’t want the hassle of stairs to deal with nor do they particularly want a 3,000-square-fopot home.
Younger buyers seem to be splitting the difference between one story homes and the well-designed two-story creations on smaller lots in Florsheim Homes’ Rose Petals collection. But they aren’t the ones powering the Manteca new housing market
Del Webb of Woodbridge was ahead of the trend as they have never offered a two-story home for the same reason why other builders are seeing single-story homes grow in preference with older buyers - the question of stairs.
But even so, the resale market isn’t taking too kindly to large two-story homes.
Three one-story newer homes with three bedrooms and two baths have closed escrow in the past month for $213,00 to $215,000 with three bedrooms and two bathrooms on streets as varied as Piccadilly Way. Bandoni Lane and Diamond Oak Way that averaged 1,900 square feet apiece. A two-story with four bedrooms and three bathrooms on Donatello Street with 2,591 square feet sold for $16,000 or just $1,000 more 600 square feet.
Similar examples can be gleaned from other closed deals in the past year in Manteca.
The ultimate Manteca McMansions such as the 4,336-square-foot Heritage Ranch neighborhood home near Joshua Cowell School in East Manteca at 548 Micheletos Way with six bedrooms and four bathrooms sold for $300,000. That comes to $69 a square foot compared to $113.15 for the three stories two bedroom homes noted previously.
Five years ago there was little or no price difference per square foot.
Real estate agents have noted it is a combination of homes being too large plus upkeep issues form cleaning to energy costs that have prompted McMansions to fall in disfavor with many.
Only a handful oftwo-story homes were among the 60 housing starts in Manteca during August.
Builders from AKF Homes to Woodside are all indicating the growing preference is for larger one-story floor-plans. It is being driven by the buyers who are dominating the new home market - middle-aged and older couples. They don’t want the hassle of stairs to deal with nor do they particularly want a 3,000-square-fopot home.
Younger buyers seem to be splitting the difference between one story homes and the well-designed two-story creations on smaller lots in Florsheim Homes’ Rose Petals collection. But they aren’t the ones powering the Manteca new housing market
Del Webb of Woodbridge was ahead of the trend as they have never offered a two-story home for the same reason why other builders are seeing single-story homes grow in preference with older buyers - the question of stairs.
But even so, the resale market isn’t taking too kindly to large two-story homes.
Three one-story newer homes with three bedrooms and two baths have closed escrow in the past month for $213,00 to $215,000 with three bedrooms and two bathrooms on streets as varied as Piccadilly Way. Bandoni Lane and Diamond Oak Way that averaged 1,900 square feet apiece. A two-story with four bedrooms and three bathrooms on Donatello Street with 2,591 square feet sold for $16,000 or just $1,000 more 600 square feet.
Similar examples can be gleaned from other closed deals in the past year in Manteca.
The ultimate Manteca McMansions such as the 4,336-square-foot Heritage Ranch neighborhood home near Joshua Cowell School in East Manteca at 548 Micheletos Way with six bedrooms and four bathrooms sold for $300,000. That comes to $69 a square foot compared to $113.15 for the three stories two bedroom homes noted previously.
Five years ago there was little or no price difference per square foot.
Real estate agents have noted it is a combination of homes being too large plus upkeep issues form cleaning to energy costs that have prompted McMansions to fall in disfavor with many.
