Families are changing the way they live: baby boomers are taking in their parents to provide better care, millennials are enjoying the benefit of having their children grow up with grand parents in their home. This is multigenerational living, or "multigen" for short.
In 2014, the Pew Research Center reported that a record 60.6 million Americans now live in multigen households. That is nearly one in 5 households. This trend continues today as the housing market responds to the demand for multigen homes.
It's no coincidence that our specialty - view homes with "elbow room for the soul" - works well for multigen homes, too. Sometimes they come with separate living quarters, sometimes they have the potential but need to be modified. We understand and live the lifestyle, so we know how to find homes suited for multigen living.
It also helps to know the market when you start shopping for a multigen home. Here is a snapshot of ViewHomes™ of Clark County with dual-living features, starting at $400,000 (Note: these numbers do not include a spectacular $23,500,000 165-acre multigen property in Woodland, WA as it skews the averages.)
67 Active Listings - $410,000 to $5,900,000
Average SQFT - 4,586
Average $/SQFT - $248
14 Pending - $500,000 to $2,650,000
Average SQFT- 3,446
Average $/SQFT - $236
47 Sold in last 3 Mos - $400,000 to $2,400,000
Average SQFT - 4,077
Average $/SQFT - $199
Median Days on Market was 41 days and inventory is extremely low. Multigen homes do not last long in this market!
Buyers:
If you are looking for a home for multigen living, you can start your search here.
Sellers:
If you have a home that has multigen features and you want to sell, call us - we are specialists in this field, and we have buyers ready to move!
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