ViewHomes™ of Clark County: Multi-Gen Market Report

Wednesday, March 1, 2017

Multigenerational households are more than a fad – they have become a mainstream lifestyle. We have seen this trend emerging for several years, and it continues to grow.  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.

We think it’s no coincidence that our specialty – view homes with “elbow room for the soul” works well for multi-gen homes, too.  We are familiar with how to convert homes on larger lots into the potential for additional living quarters. Because we understand and live the lifestyle, we know how to find the right multi-gen 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 dual-living features priced starting at $400,000:

47 Active Listings – $419,900 to $4,500,000
Average SQFT – 4,951

Average $/SQFT – $199

3 Bumpable Buyers – $690,000 to $2,250,000
Average SQFT- 6,020

Average $/SQFT – $257

17 Pending – $425,000 to $3,290,000
Average SQFT– 4,048
Average $/SQFT – $212

24 Sold in last 3 Mos – $400,980 to $1,250,000
Average SQFT – 3,676
Average $/SQFT – $180

Median Days on Market – less than 2 Months.  Multi-gen homes do not last long in this market!

If you are looking for a home for Multi-Gen living, you can start your search here. Or 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!

Filed under: News