10 Cities Where The Land Is Worth More Than The Home On It

January 12, 2017

In some U.S. cities, the value of the land actually outweighs that of the house that sits on it. Realtor.com compiled a list of the top 10 cities where this is occurring, and not surprisingly, six of the 10 are in California. In San Francisco, for instance (the number-one city), 81 percent of the average home value in 2016 was attributable to land. By contrast, in St. Louis, Mo., land is only 10 percent of a home’s total value. In cases where land value exceeds structural value, it’s a good candidate not just for fixing up, but for tearing down—all the better to build new.

Read more

Comments

PB-Sales,PB-New Home Sales,PB-Economics,PB-Land Development
expand_less