MultiGen Home Sales – November.
Multigenerational households can be a great option for all ages. The 2018 Pew Research Center study shows that 1 in 5 or 20% of all U.S. households are multigen families. 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 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 multigen 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.
We will often see homes that, at first glance, might not appear to be suitable because there are no separate quarters – our 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 home, it’s important to know the market:
Multigen Homes Sales – November*
116 Active Listings – $355,000 to $4,200,000
Average SQFT – 3,829
Average $/SQFT – $234
49 Pending – $364,900 to $1,595,000
Average SQFT- 3,208
Average $/SQFT – $189
71 Sold in last 3 Mos – $365,000 to $2,750,000
Average SQFT – 3,382
Average $/SQFT – $181
Median Days on Market was 43 days – down from 47 days in August. Multigen homes don’t stay on the market very long!
*Note: Averages are for homes priced $350,000 and above, and does not include a spectacular $12,000,000 165-acre multigen property in Woodland, WA)
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!