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ViewHomes™ of Clark County - Multi-Gen Houses Market Report

Saturday, December 3, 2016

We have been getting more requests for multigenerational homes now that the lifestyle has become more popular. Besides the economics of sharing expenses, there are the real social and familial benefits of deepened relationships and enriched lives. Adult children have the peace of mind of taking care of their aging parents, grandchildren have the bonus of quality time with their grandparents on a regular basis.

Finding the perfect multi-gen home for your purposes can be a challenge.  Certainly, if the house is listed with separate living quarters, that’s a given, but they are not common. However, there might be other features that will make the situation work, sometimes with some minor remodeling. A second kitchen in the daylight basement, or an office over the garage that already has plumbing.  This is where an agent who is experienced with multi-gen houses or, better yet, lives the lifestyle, can help you find the right home.

It also helps to know what the market looks like when you start shopping for a multi-gen home.  Here is a snapshot of ViewHomes™ of Clark County with multi-gen features priced starting at $450,000:

74 Active Listings – $450,000 to $23,500,000
Average SqFt – 4,974

Average $/SqFt – $277

17 Pending – $450,000 to $1,295,000
Average SqFT – 3,577
Average $/SqFt – $202

41 Sold in last 3 Mos – $460,000 to $6,500,000
Average SqFt – 4,222
Average $/SqFt – $222

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 Multi-Gen features and you want to sell, call us – we are specialists in this field, and we have buyers ready to move!

Filed under: Lifestyle