Debb Dodges Raindrops - Exploring Clark County Washington

News of Clark County - Multi-Gen Market Report for May

Multigen Market Report May

We are seeing the demand for multigenerational homes continue to grow each month. Baby boomers are taking in their parents to provide better care. Millenials  recognize the benefit of having their children grow up with grand parents in their home. Just last year the Pew Research Center reported that a record 60.6 million Americans now live in multi-gen households.

It's no coincidence that our specialty - view homes with "elbow room for the soul" works well for multigen homes, too.  We know how to evaluate homes on larger lots with the potential for additional living quarters. Whether separate living quarters, or shared space, we understand and live the lifestyle, so we know how to find the right multigen home.

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 numbers do not include a spectacular $23,500,000 165-acre multi-gen property as it skews the averages.)

77 Active Listings - $449,900 to $3,900,000
Average SQFT - 4,409

Average $/SQFT - $199

2 Bumpable Buyers $682,777 to $798,000
Average SQFT - 3,958
Average $/SQFT - $187

29 Pending - $400,000 to $2,500,000
Average SQFT- 3,954
Average $/SQFT - $194

32 Sold in last 3 Mos - $406,000 to $2,850,000
Average SQFT - 4,126
Average $/SQFT - $177

Median Days on Market was only 47 days - multigen 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 Multigen features and you want to sell, call us - we are specialists in this field, and we have buyers ready to move!

 

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”.

 

360-608-4900 

info@natureasneighbors.com
 

                                                                             

 

Comments

We very much appreciate when you supply your local real estate information to us

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) about 1 year ago

Debb and Bernie,

Wow, I had not realized that the numbers were that big for the multi-generational families.  I also think that the new immigrants have brought and re-awakened the multi-generational concept in the United States.  The Pew Research Center is definitely a great resource when it comes to numbers.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 1 year ago

Good Morning Deb and Bernie - thanks for your area's multigenerational market report.  I can see that you have an active market.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 1 year ago

Good morning, Debb and Bernie -- thank you for including the link to the Pew Research Center --- that certainly underscores the growth in multi-generational living not only in Clark County but elsewhere too.     

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) about 1 year ago

Thanks all, the Multi-gen segment is really growing in popularity. While we support Lennar and their Next-Gen home design, many of our clients are wanting more land with their multi-gen homes.  D 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) about 1 year ago

What a beautiful home you featured.  Multi-Gen are ever so popular.  I can see the draw.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 1 year ago

Hello Debb and Bernie, Clark County buyers looking for a multi-gen home are in great hands with you as their real estate agents, you know the area, the market and live the lifestyle.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 1 year ago

Hi Debb & Bernie - Excellent market overview for multi-gen homes. We also are seeing a significant interest in multi-gen homes, and are somewhat surprised by the lack of strong response from the area home builders. I'm saure they'll come around eventually.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) about 1 year ago

Yes, you DO know your market from a very personal standpoint! 77 active listings...is that the average or are you finding it's less, like in Portland, where inventory is getting scarce?

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) about 1 year ago

I am hearing calls for multi-generational homes here, too. We are building some new homes and made sure each plan has a second bedroom and bath on the main floor. One has a separate entrance. I am excited to see how these are received in the marketplace.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 1 year ago

Debb & Bernie, nice market update for the multi-gen homes and would imagine a @$23million home with skew the numbers!  

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 1 year ago

Debb and Bernie, you always provide valuable information on the Multi Gen segment of your market. I've always thought it's so special you personally live your niche. The firsthand knowledge you can offer your clients is priceless.

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) about 1 year ago

Thanks for the visit. We are so passionate about this lifestyle. In fact, working with a family today. 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) about 1 year ago

It's the right thing to do. I grew up with multi-generational families and it just seemed so natural. As many Baby Boomers grew up, there were many who moved away, out of state (myself included). In the end of my mother's life, it was very difficult for me to know I was here and she was there and I had siblings spread out too. Yet, my mom didn't want to move away from her familiar surroundings. She changed, after my dad died. Eventually, she had no choice but to live with my sister but she wasn't happy. I think the time to get multi-generational families together under one roof needs to occur long before the aging process begins. I had many happy memories as a kid with my grandparents, aunts and uncles too. My children never experienced it. So I am doubtful I will be in one of their multi-family homes some day. 

Your niche is a very important one and I'm proud of you for putting forth so much effort to advertise the need for multi-generational homes. 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 year ago

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