Published at Wednesday, March 20th, 2019 - 10:26:39 AM. Kitchen Room. By Adal Meier.
In the 1980s, garages grew larger to keep in scale with emerging McMansions. Some were finished with heating, painted floors, windows, and storage. And in the most extreme cases, they were converted into living space, which meant cars again had to be parked elsewhere. Now demand for a garage is decreasing with an emphasis on dense infill developments, walkable neighborhoods, and more car- and ride-sharing options. Chicago sales representative Jennifer Ames Lazarre with Coldwell Residential Brokerage recently listed and sold two high-end city homes without garages, each priced over $2 million. Other priorities will sometimes trump demand, too. Recent research from realtor.com® pointed out that for parents of school-age children, high-performing educational institutions win out over a garage.
Technological limitations at the MLS level also presented an opportunity. While colonials can be classified in multiple ways in his local MLS, theres no “modern architecture” category, which makes it harder to find the style in property searches. “The only thing that touches our niche is ‘contemporary, ” he says of the MLS categories. “Thats the reason for my URL, contemporarylistings.com. I wanted to create a listing service for the areas best contemporary homes [because] its hard for buyers to sort through.”
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