News of Clark County: Multi-Gen Market Report

By
Real Estate Broker/Owner with ViewHomes of Clark County - Nature As Neighbors

MultiGen Market Report

The demand for multigenerational homes continues to grow each year. Ten years ago, we bought a townhouse right next to my elderly parents so we could help them out, but still have our own personal space.  When they started having trouble navigating the stairs, we found a daylight basement home with single level living on the first floor and separate living quarters below.  We never thought we would be part of a major trend, but this lifestyle has become mainstream and is growing.

In addition to the economic benefits of shared expenses, there are social and familial benefits of deepened relationships and enriched lives. Adult children have the peace of mind of taking care of their aging parents and not putting them into a facility. Grandchildren have the bonus of quality time with their grandparents on a regular basis.

We think it's no coincidence that our specialty - view homes with "elbow room for the soul" works well for multigen homes, too.  We know how to evaluate homes on larger lots with the potential for additional living quarters. Whether separate living quarters, or shared space, we understand and live the lifestyle, so we know how to find the right multigen home.

It also helps to know what the market looks like 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:

48 Active Listings - $419,900 to $4,500,000
Average SQFT - 4,810

Average $/SQFT - $195

2 Bumpable Buyers - $798,000 to $2,250,000
Average SQFT- 5,168

Average $/SQFT - $295

20 Pending - $435,000 to $3,290,000
Average SQFT- 4,324
Average $/SQFT - $212

22 Sold in last 3 Mos - $403,000 to $1,250,000
Average SQFT - 3,925
Average $/SQFT - $178

Median Days on Market was 2 Months - multigen homes do not last long in this market!

If you are looking for a home for Multi-Gen living, you can start your search here. Or 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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ViewHomes™ grew out of our passion for nature, beautiful surroundings, and peaceful environments. Starting together in an urban environment, over the years we've gravitated towards areas with smaller populations and less density. We now enjoy our lifestyle in a rural environment, but with close proximity to metropolitan areas where we appreciate all the amenities of fine restaurants, shopping, and an easy drive to an international airport.
Living in ViewHomes™ is like having “elbowroom for the soul”.

 

360-608-4900 

info@natureasneighbors.com
 

                                                                             

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Sheri Sperry - MCNE® 03/23/2017 05:00 AM
Topic:
Real Estate Market Trends
Location:
Washington Clark County
Groups:
Healthy Lifestyle - Green Lifestyle
Clark County Real Estate Professionals
Pacific Northwest Real Estate
Bananatude
Tags:
multigenerational homes
nature as neighbors
multigen lifestyle
market reports clark county wa

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Rainmaker
1,778,275
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I agree that the need and desire for multi-generational living is a growing trend. What first started out, in my experience, as a phenomenon among several difference cultures, has become more wide spread. It makes total sense, and with a Baby Boom generation beginnning to age, its time has come. 

Mar 17, 2017 09:48 AM #1
Rainmaker
1,921,261
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Debb - this is indeed a new and wonderful trend.  Years ago it used to be this way.

Mar 17, 2017 10:03 AM #2
Rainmaker
4,448,515
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debb

What an excellent market report on this multigenerational trend. Wishing you a great weekend. A

Mar 17, 2017 10:08 AM #3
Ambassador
2,778,908
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debb & Bernie - Excellent market report for multi-generational homes in Clark County. We're seeing increasing demand for these homes, and I'm actually on my way out to show one this afternoon. Have a great weekend!

Mar 17, 2017 01:11 PM #4
Rainmaker
275,382
Susan Jacobsen
The Alliance Group Realty - Hilton Head Island, SC
20 Years Providing WOW Real Estate Service

Debb - great information and excellent use of long tail searches-Bob Stewart would be so proud of you! Don't know what 2bumpable buyers means but I'm sure that in your area people do...............

Mar 17, 2017 02:10 PM #5
Ambassador
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Debb and Bernie this is an excellent market report with a real life story of agents who really walk the talk with multigenerational homes. You two are the perfect agents to assist families looking for this type of home.  And clearly this market moves fast with 22 homes sold in the last 3 months and only 2 months on the market.  WOW!

Mar 17, 2017 03:21 PM #6
Rainmaker
2,539,366
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable market information for Clark County, Debb and Bernie.  I'm certain home buyers and sellers in your area appreciate it.

Mar 17, 2017 06:23 PM #7
Rainmaker
1,219,439
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Debb Janes EcoBroker and Bernie Stea JD - like you, I never thought I would be living in a multi-generational house.  However, for me, it was to help my newly married son get some footing on the housing market. They joined us in a 2 BD 2000 SQ home!! Fortunately I found them a home 1 year ago.  They are super happy with their purchase.

Mar 20, 2017 02:09 PM #8
Rainmaker
1,543,305
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We see a greater degree of interest in this class of home both in Florida and in San Diego County. Great report; Thanks!

Mar 23, 2017 05:14 AM #9
Rainmaker
2,539,366
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I think the trend of multi-gen homes will continue and grow in the foreseeable future as well.

Mar 23, 2017 04:41 PM #10
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

You make a marketing report sound so beautiful! It's always a pleasure to not only see what spectacular photo you have to present, but also your take on living this type of lifestyle and how beneficial it can be to work with you both. 

Mar 27, 2017 05:14 AM #11
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Debb Janes EcoBroker and Bernie Stea JD

REALTORS® in Clark County, WA
We'd Love to Help You Find, or Sell, Your ViewHome.™
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