06 Jan Novato CA Real Estate 2014 Year End Review
Average Novato Home size by year.
There are two components to home value, and everything about a home can be allocated to one of those two ‘buckets’- 1) lot/location value and all the rights and liabilities that come with the home such as taxes and public schools; and 2) Structure value- the actual home- the layout, flow, finishes, curb appeal. The below two charts show proprietary data- our little real estate group is the only entity in the world that does this- from year to year home buyers’ taste change; in some years they want ‘structure’ (home finish), in other years they want size, and in other years they want lot/location.
Novato SFR Lot Values: