Multigen & Dual Living Home Sales - February
Wednesday, February 26, 2020
Multigen & Dual Living Home Sales – February
The multigenerational (multigen) home market continues to grow – even during winter months. And no wonder -multigen & dual living – members. The 2018 Pew Research Center study shows that 1 in 5 or 20% of all U.S. households are multigen families. This does not take into consideration the number of households that are unrelated, but living in separate living quarters.
Although many young adults are part of this population, seniors are becoming a larger percentage of these households. And the benefits are clear – it far outweighs institutional or assisted living. As a result, fewer seniors are now living alone than in 1990s.
If you are looking for a multigen or dual living home, you should give us a call
to help with your search. With over a decade of personal experience in a multigen household, we specialize in this field.
Our homes are located on acreage or large lots. They have “elbow room for the soul”, which provides lots of room & privacy. We even have a special search set up to help you find the perfect home
– separate living quarters, great amenities, and lots of room for privacy.
Multigen Home Sales
We will often see homes that, at first glance, might not appear to be suitable because there are no separate quarters – ours was like that. But, you can remodel and upgrade to accommodate family members. We have that experience as well, so we know how to identify those “hidden gem” opportunities.
If you are looking for a multigen or dual living home, it’s important to know the market:
Multigen Home Sales – February Market Report*:
71 Active Listings – $389,900 to $3,900,000
Average SQFT – 4,089
Average $/SQFT – $238
50 Pending – $354,900 to $1,389,000
Average SQFT- 3,266
Average $/SQFT – $202
74 Sold in last 3 Mos – $353,000 to $1,410,000
Average SQFT – 3,251
Average $/SQFT – $179
Median Days on Market was 60 days – down a bit from 68 days in January. Multigen homes don’t stay on the market very long!
: Averages are for homes priced $350,000 and above, and does not include a spectacular $18,500,000 165-acre multigen property in Woodland, WA
Multigen Buyers: If you are looking for a home for multigen living, you can start your search here.
Multigen Sellers: Call us for a free consultation on your home’s value.
We are specialists in this field, and we have buyers ready to move!