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

Wednesday, October 26, 2016

We know that multigenerational living is becoming more popular for many reasons. 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.  Local zoning codes will also determine what can or cannot be done. 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:

81 Active Listings – $450,000 to $4,500,000
Average SqFt – 4,934

Average $/SqFt – $217

26 Pending – $459,900 to $4,250,000
Average SqFT – 4,212
Average $/SqFt – $192

38 Sold in last 3 Mos – $465,000 to $6,500,000
Average SqFt – 3,927
Average $/SqFt – $227

If you are looking for a home for Multi-Gen living, or you have a home that you want to sell and it has Multi-Gen features, call us – we are specialists in this field.

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