News of Clark County: MultiGen Market Report

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

Multi-Gen Market Report

For several years we have lived next to my elderly parents, and now share a residence with them.  We have the luxury of enough space for privacy and separate living areas, but the convenience of being able to help them with meals, daily chores, and medical appointments. We never thought we would be part of a major trend, but this lifestyle has become mainstream and is growing. The demand for multigenerational homes continues to grow each year.

In addition to the economics of shared expenses, there are social and familial benefits of deepened relationships and enriched lives. Adult children have the peace of mind of improved care for their aging parents. 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 (Note: these numbers do not include the spectacular $23,500,000 165-acre multi-gen property featured above as it skews the averages.)

52 Active Listings - $439,900 to $4,500,000
Average SQFT - 4,878

Average $/SQFT - $193

1 Bumpable Buyer at $798,000 for 3,074 SQFT or $260 $/SQFT

17 Pending - $425,000 to $3,290,000
Average SQFT- 4,592
Average $/SQFT - $211

22 Sold in last 3 Mos - $408,000 to $1,850,000
Average SQFT - 4,053
Average $/SQFT - $175

Median Days on Market was 95 days - 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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Topic:
Real Estate Market Trends
Location:
Washington Clark County
Groups:
Healthy Lifestyle - Green Lifestyle
Clark County Real Estate Professionals
Pacific Northwest Real Estate
Market Reports
Tags:
market report
clark county real estate
multigenerational homes
nature as neighbors
view homes of clark county

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Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That is a great photo of your feature home.  Nice market update for multi-gen living homes in your area.

Apr 10, 2017 09:47 AM #1
Rainmaker
1,072,115
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

When you live it like you do I would think it would be a big plus for selling multi-generational homes. Love the pic of the home. It has quite the view.

Apr 10, 2017 11:08 AM #2
Rainmaker
5,383,287
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many families are hoping to find multi-generational housing solutions.

Apr 10, 2017 11:11 AM #3
Ambassador
3,989,067
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Debb and Bernie

You are clearly the go to Realtors for anyone wanting or needed a multigenerational property, as well as a terrific resource for the rest of us on the issues to consider. It's nice to see that there are so many properties that serve this niche in your market and with a fair amount of variety, providing a range of options for buyers.

Jeff

Apr 10, 2017 11:20 AM #4
Rainmaker
1,498,654
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Debb and Bernie, you two are the perfect real estate agents to assist buyers looking for a multigen home. Who better than someone who's living it.

Apr 10, 2017 11:30 AM #5
Rainmaker
4,448,317
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dear Debb and Bernie,

One of our clients whose children moved to North Carolina and had a baby, just bought a family style compound, so that they can all be together for their second home.  The concept is definitely growing.  A

Apr 10, 2017 01:14 PM #6
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks guys. Dad was in the hospital recently and it has been a  crazy week. He is back home, but needing more care right now. I'll be commenting when I can on your posts. Thanks for the visit. D

Apr 14, 2017 08:11 AM #7
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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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