Debb Dodges Raindrops - Exploring Clark County Washington

Multi-Gen Housing is Not an Anomaly - It's a Mainstream Lifestyle

 Multi-Gen Housing
 
Jimmy Fallon recently quipped on his Tonight Show that “multi-generational housing” is just a fancy way of saying “I still live with my Mom.”  While that is a funny comment, joking about this lifestyle on late night TV shows how mainstream the concept has become. The Pew Research Center reported last month that nearly 20% of all U.S. families – 60.6 million people – live in multi-gen households.  And it’s not just unemployed college-age kids staying home longer. The report shows that, while the economic impact of the 2007-2009 recession was a major impetus for the trend, here we are 5 years later and the number of families choosing that lifestyle continues to rise.
 
 
Certainly, there are economic advantages of sharing the cost of housing, but most of our clients report other positive aspects and incentives for adopting that lifestyle. Many households include grandparents, who consider it a privilege to see their grandchildren every day.  They serve as live-in babysitters, built-in mentors, and valued contributors to family life.  There is a bigger sense of community when family members participate in meals and chores together. In our household, the greatest sense of fulfillment is at the end of a day working in the yard, and we are all sitting around our fire pit enjoying a campfire.

 

As a realtor with experience working with multi-gen clients, I can attest to the challenges of finding that “perfect home.”  In today’s market, as multi-gen housing becomes more popular, homes with additional living quarters, or features that can be adapted for that lifestyle, are pushing prices up.  Here is a market snapshot of all multi-gen homes in Clark County over $450,000:

95 Active Listings, ranging in price from $450,000 to $4,750,000.
Average SqFt is 4,730 with and Average $/SqFt at $224
Average Days on Market is 102
 
33 Pending Sales, ranging from $489,000 to $4,895,000
Average SqFt is 7,181 with an Average $/SqFt of $139
Average Days on Market is 128
 
27 Sales in past 3 months ranging from $475,000 to $1,425,000
Average SqFt was 4,036 with an Average $/SqFt of $154
Average Days on Market was 103
 
This illustrates that multi-gen homes are going quickly, so call us if you’d like to have us help you find that home. Or run your own search with our specialized Multi-Gen Search Feature.

 

 

ViewHomes™ grew out of our passion for nature, beautiful surroundings, and peaceful environments. Starting together in an urban environment, over the years we've gravitated towards areas with smaller populations and less density. We now enjoy our lifestyle in a rural environment, but with close proximity to metropolitan areas where we appreciate all the amenities of fine restaurants, shopping, and an easy drive to an international airport.
Living in ViewHomes™ is like having “elbowroom for the soul”.


 

                                                                             

 

Comment balloon 30 commentsDebb Janes EcoBroker and Bernie Stea JD • September 13 2016 01:14PM

Comments

Hi Debb Janes EcoBroker and Bernie Stea JD All I got to say is "Good night John Boy."

Thsi lifestyle is as American as apple pie.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) 9 months ago

You are right on target Debb Janes EcoBroker and Bernie Stea JD 

Life with your whole family involved is so much more rewarding as compared to not. I hope all is well with you.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) 9 months ago

Debb,

We are going back to the way life used to be lived, the family compound, etc.  Happy Wednesday, A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding and Marketing (Napa Consultants) 9 months ago

I' have to agree with Bill and Noah and love this "getting back to the basics."  I got to grow up with my grandparents and parents in the house and wouldn't have it any other way.  The benefits, beyond financial, are definitely there.  If nothing else, it teaches up patience!

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 9 months ago

Hi Debb - the idea of multi generational is not just grandparents.  As  you correctly point out the families are make up of other non traditional family members like care takers or nannies.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 9 months ago

Home sharing is a choice for many families.  They may not just be considering cost but actually enjoy living with family and working together to make a happy home.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) 9 months ago

Hi Debb & Bernie - We're all seeing more demand for multi-generational homes, and you're right - it's not at all just kids living with their parents, nor is it all based on cost.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) 9 months ago

I have always thought of (MGH) it as having a mother in law suite but then it is much more. Even now, for me, missing my grandchildren I think it would be nice to live near them instead of 900 miles away.. The same house though...it would need to be very big!

Posted by Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC, ... a small office, delivering big service! (Waters Realty of Brevard, LLC) 9 months ago

Hello Debb and Bernie, living with family has many benefits, not just financial. It's more common in Europe than it is in the US but we're getting there.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 9 months ago

 Although I think the Jimmy Fallon remark is funny; it also holds true in many neighborhoods. I must admit Debb Janes EcoBroker and Bernie Stea JD that you have a very impressive market at this time....

Posted by Paul S. Henderson, CRS, REALTOR®,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) 9 months ago

We just witnessed this first hand.  Family built a 6 bedroom home and had 3 generations living in it.  Works for some, not for all.  

#floridatolbertteam #searchforsouthfloridahome.com #portstluciehomesforsale

#searchforsouthfloridaareahome.com

Posted by Florida Tolbert Team Keller Williams Advantage, Million Guild Member Cert Luxury Home Mkting Spec (Keller Williams Advantage III Realty in Lake Nona) 8 months ago

Debb Janes EcoBroker and Bernie Stea JD - this is still true in most of India - however, suburbs and major cities are still not at 'mainstream' level.

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (Keller Williams Realty) 8 months ago

The challenges facing the younger generation today are varied and complex and not often is there a way for them to jump out on their own as job potentials with large education loans are a burden.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) 8 months ago

Hi Debb and Bernie -- Jimmy Fallon provided the perfect "set up" for you to discuss your niche.    Nice tie-in.   

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) 8 months ago

I had never thought of the percentage of families that share a multi-generational household. Thanks for sharing this interesting information.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 8 months ago

Great post! I see more demand for it, but not enough housing that supports it here. Interesting side note, when growing up my youngest daughter used to tell me she would live with me always. 

Other than a few short stints long ago, she has been! The other day her son told her he would live with her always.... I wonder... 

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Coldwell Banker Residential Brokerage) 8 months ago

Good morning Debb and Bernie. Grew up in a neighborhood where this way a way of life many years ago! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 8 months ago

Great post...I can see why Kathy chose it to include in her wrap up this week!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 8 months ago

Debb, the challenges for housing and family whether young or old are a struggle and bringing it more to light helps as builders need to recognize the need.  thank you!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate) 8 months ago

Hi Debb and Bernie

Those are pretty impressive statistics in terms of national numbes but also what your area offers for this growing segment of the housing market. We are seeing a few builders in our area who are addressing this growing need, although the prices for these larger homes are well outside the general population's affordability!

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 8 months ago

Good morning Debb Janes EcoBroker and Bernie Stea JD ,

You are so right about multi-generational housing being in demand. We are seeing it and builders like DR Horton are rolling out new construction in our area for that purpose! As you noted living with family has many benefits, not just financial..mentoring as grandparents ans helping with child care are excellent reasons. It's a win/win for the whole extended family.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) 8 months ago

I love my parents and enjoy time spent with them, but I just can't imagine living with either of my parents, nevermind both of them....I can see the benefit to sharing a property with one of my children and grandchildren, though.

My sister lives with her son and his family. It works out beautifully for them.

 

Posted by Sharon Tara, New Hampshire Home Stager (Sharon Tara Transformations) 8 months ago

This photo says it all. And your stats, as well as the philosophy of multi-gen living is a testament to the great positives that come from having family living together and loving together. I want to be right there, sitting and listening to your parents share stories while I pet Mac. 

Heaven!

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Gateway to the Lake" 503-755-2905 (John L Scott Market Center) 8 months ago

Debb & Bernie, how true fifteen+ years ago I remember trying to discuss with our parents of joining together as a family we did not have the term multi-generational home... neither were interested it seemed like they wanted to have their own privacy & freedom and we should have ours....now it is main stream too bad they are not here to see it...Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 8 months ago

Finding a "perfect" mulit-gen or mother/daughter or in-law house can be a real challenge. Builders should take note.

Posted by Olga Simoncelli, Broker-Owner, RE Consultant, Licensed in CT & NY (Veritas Prime, LLC) 8 months ago

Thanks to you all for  your comments. We spent Sunday in celebration of our parents 68th wedding anniversary. :) 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORs® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 8 months ago

My dutiful daughter in law actually offered that to take care of their in laws. I said you probably want to live close to job center. We can manage ourselves.

Posted by Sam Shueh, mba, cdpe, reopro, pe ( (408) 425-1601) 8 months ago

In our area due to scaricity in land and demand for housing. All R1 will soon to have an in law quarter in the back.

Posted by Sam Shueh, mba, cdpe, reopro, pe ( (408) 425-1601) 8 months ago

When I think of mulit-generational housing  I think of many of the great communities going up around the country. What first comes to mind is in Colorado. There is a benefit for all ages to be interacting and enjoying each other.  We always have an opportunity to learn from each other.

Posted by Janice Hope Zaltman LEED AP (Keller Williams Partners) 8 months ago

You know Debb Janes EcoBroker and Bernie Stea JD so many have tried the route of nursing homes, and assisted living and discovered that the level of care is very poor and the costs eclipse their budgets. This is the natural step to correct these poor alternatives.

Posted by Sandy Padula and Norm Padula, JD, GRI NMLS#1483386, Presence, Persistence & Perseverance (Realty One) 7 months ago

Participate