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ViewHomes of Clark County - Market Report for Multi-Gen Homes

Tuesday, July 3, 2018

Multigen Living is a Major Trend in the Housing Market

Multigenerational (“multigen”) living is on the rise in the U.S. It has long 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.

Finding a Multigen Home Requires Expertise

It’s no coincidence that our specialty – view homes with “elbow room for the soul” – works well for multigen homes, too.  One of our listings, 38402 Rosemary Lane in Washougal has enormous potential for a multigen household. Plus, we there is a multigen estate in Washougal coming to the market this Fall, with the potential for 3 households!

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 averages do not include a spectacular Multigen Listing for $12,500,000.)

Market Report for Multigen ViewHomes™ in Clark County

109 Active Listings – $400,000 to $5,900,000
Average SQFT – 4,132
Average $/SQFT – $238

51 Pending – $423,900 to $2,900,000
Average SQFT- 3,250
Average $/SQFT – $212

58 Sold in last 3 Mos – $410,000 to $1,600,000
Average SQFT – 3,515
Average $/SQFT – $182

Median Days on Market 41 days – multigen homes don’t last very long! 

Buyers:
If you are looking for a home for multigen living, you can start your search here.

Sellers:
If you have a home that has multigen features and you want to sell, call us – we are specialists in this field, and we have buyers ready to move!

 

Filed under: Lifestyle | Market Reports