Profile picture for JMMurdock

Why has this property increased in value over the past few months.

  • October 07 2009 - Napa
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Answers (1)

Profile picture for Bretzke

With out specific information about the property, I would say that in general values of properties are starting to trend flat or are going up. As construction costs will go up when the current supply of materials is sold, and the price of energy starts to rise, which is happening now, prices of homes will go up.   In a balcanced market, figure construction costs are 2/3rd and land is 1/3rd of the price.   What does it cost to build a house in your area?  What is the price of land?

  • October 07 2009
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