Home Buying in Mill Valley>Question Details

James N, Home Buyer in San Francisco, CA

What is the typical premium per square foot paid for a newly built home versus a comparable existing home in the Mill Valley, CA area?

Asked by James N, San Francisco, CA Mon Nov 28, 2011

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Kevin Keyser’s answer
James, Oggi is right- it really depends on the home. There are so many poorly built "new" homes that buyers might find unattractive... and at the same time there are many beautiful older homes that were built with more quality materials... A new home does not always command a premium. Some well-built new homes do, but many are built cheaply and with poor taste in materials. It all depends on the specific home.
0 votes Thank Flag Link Fri Aug 31, 2012
James, Great question and one I was recently puzzling over myself. 10% was the top of mind number I heard from colleagues but I think it is higher based on my own research. Finding new construction vs existing with all other parameters held constant is a challenge. Usually the variables are great.
0 votes Thank Flag Link Tue Aug 21, 2012

There is no "typical premium" number. The prices for new construction are usually subjective and one can not easily compute a factor for the difference. It's best to specifically analyze the property value. Let me know if you would like to explore that further.

Marin Properties: http://www.mlsfinder.com/ca_bareis/oggikashi/

Oggi Kashi
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to error and omission, and not warranted.
Web Reference: http://www.oggikashi.com/
0 votes Thank Flag Link Tue Nov 29, 2011
0 votes Thank Flag Link Mon Nov 28, 2011
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