Multigenerational living, “multigen” for short, is on the rise in the U.S. It has been a tradition in other countries, but in 2014 the Pew Research Center reported that a record 60.6 million Americans now live in multigen households. That is nearly one in 5 households. This trend continues today as the housing market responds to the demand for multigen homes.
It’s no coincidence that our specialty – view homes with “elbow room for the soul” – works well for multigen homes, too. Sometimes they come with separate living quarters, sometimes they need to be modified. We understand and live the lifestyle, so we know how to find homes suited for this lifestyle.
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 multigen property in Woodland, WA as it skews the averages.)
65 Active Listings – $415,000 to $5,900,000
Average SQFT – 4,832
Average $/SQFT – $239
17 Pending – $475,000 to $1,395,000
Average SQFT- 3,394
Average $/SQFT – $207
47 Sold in last 3 Mos – $400,000 to $2,450,000
Average SQFT – 4,323
Average $/SQFT – $200
Median Days on Market was 44 days and inventory is extremely low. Multigen homes do not last long in this market!
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!