News of Clark County: MultiGen 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 to the point where it has become a mainstream lifestyle. 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. 

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 a spectacular $23,500,000 165-acre multi-gen property as it skews the averages.)

57 Active Listings - $439,900 to $4,500,000
Average SQFT - 4,664

Average $/SQFT - $196

2 Bumpable Buyers $594,500 to $798,000
Average SQFT - 3,407
Average $/SQFT - $204

19 Pending - $425,000 to $3,290,000
Average SQFT- 4,397
Average $/SQFT - $201

29 Sold in last 3 Mos - $408,000 to $1,850,000
Average SQFT - 4,041
Average $/SQFT - $170

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!

Posted by

 

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:
Clark County Real Estate Professionals
Pacific Northwest Real Estate
Market Reports
Tags:
marketing reports
multigenerational homes
separate living quarters
nature as neighbors
view homes of clark county
multigen homes for sale

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Rainer
540,791
Jan Sohlman
RE/MAX Integrity - Eugene, OR
RE/MAX Integrity

You are correct that Mulitgeneration homes are becoming more popular. I wish you the best in selling more amazing homes this year!

Apr 18, 2017 09:27 AM #1
Rainmaker
1,071,366
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Debb-You have a great variety of homes to offer people looking to have either multi generational or large lots. Hope you had a great Easter.

Apr 18, 2017 09:38 AM #2
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2,302,221
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I would love to have a home with a guest house.  That would be perfect for blending families.

Apr 18, 2017 10:02 AM #3
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2,776,858
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Debb & Bernie - Nice market report. I think as the median price in our market continues to climb, we're going to see more demand for multi-gen housing, which should give a boost to that market segment. We could always use more multi-gen inventory, though.

Apr 18, 2017 11:27 AM #4
Rainmaker
1,497,642
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hello Debb and Bernie, you do an outstanding job with your multi-gen real estate market updates and offer great advice to those who might be thinking of the lifestyle. 

Apr 18, 2017 12:17 PM #5
Rainmaker
756,627
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

That 23.5 million dollar property is beautiful. And the one you feature in the photos above also looks gorgeous. Interesting niche to work, space here tends to limit homeowenrs to in law suites, rather than guest cottages.

Apr 18, 2017 12:18 PM #6
Rainmaker
4,442,116
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debb and Bernie,

Nice report on the multi-gen market place, and you shared a nice home, and I love the guest house.  A

Apr 18, 2017 12:31 PM #7
Rainmaker
1,521,497
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Debb and Bernie, your knowledge and personal experience with multigenerational living is priceless. You live your niche and go above and beyond for your clients. For the best representation in Clark County you are the agents to contact.

Apr 18, 2017 02:48 PM #8
Rainmaker
3,332,282
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Debb and Bernie -- another example of how you incorporate your own multi-generational lifestyle with your business practice.  The insight you have gained combined with the information and statistics you share makes you the logical choice for those looking to make a move in Clark County.  

Apr 19, 2017 01:37 AM #9
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1,850,413
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks all for the visit and comments. We love this niche market - and hope to see more and more multi-gen homes pop up on the market. D 

Apr 22, 2017 11:21 AM #10
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

What a wonderful look at the multi-gen market. You are zeroing in and making it known you are the experts in the market.

Apr 22, 2017 11:36 AM #11
Rainmaker
3,247,782
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Debe

The multigen housing market becoming a bigger part of the real estate market.

Good luck and success.

Lou Ludwig

Apr 22, 2017 08:35 PM #12
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Debb & Bernie, you put out a wonderful multi-gen market report for your area.  I personally think this is a very sustainable market in most areas. I think it makes a lot of sense also. 

Apr 28, 2017 08:41 AM #13
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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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