Accessory Dwelling Units: The Highly Valuable “Hidden Need” in Residential Real Estate – The Real Estate Show Episode 39
Cherise welcomes back Shawna Uehling to discuss the “hidden need” in the residential real estate market: Accessory Dwelling Units. A home with an ADU incorporates a separate and attached dwelling with its own entrance that can be used as a rental, for aging parents, or guests. Cherise and Shawna discuss just how in-demand homes with ADUs are, especially for multigenerational living, and how they can add tremendous value to a home, which is paramount for the community of Colorado Springs, Monument, and nationally.
Cherise also shares real estate stats for February 2022 in El Paso County, Colorado, including the average price and median price of single-family homes and how they compare to last year’s figures.
00:00 Welcome to Episode 39
0:43 El Paso County sales between Jan of 2022 to February 2022
0:59 Average price is up 4% in a month
1:21 Median price went up 4.5%
1:43 Average days on the market stats
2:03 The number of active home stats for sale in El Paso County
2:15 Gazette article startling inventory stat
2:30 The number of existing home stats for sale in El Paso County
2:53 Shawna’s multiple offer listing story – 50 showings in 26 hours
3:35 The market organically brings up the value if it is priced right
3:50 Pick the entry point of a price
3:57 Shawna continues with the listing story
4:45 Cherise’s luxury market listing & the hidden housing need in our market
7:40 ADU may have added 100’s thousands to the bidding war frenzy
8:46 Shawna’s new custom home has met this need in housing trends
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