Not always! In a particular complex in Carmel Valley, the 3+LOFT is selling at a higher price than the 4bd units. Reason? The upstairs loft is an added family/living space. These homes are a little over 1,500 sqft so having that extra room for playroom, media room, home office = multi-function room is more valuable than the 4th bdroom. It also is open so it feels more spacious as opposed to you walk up the stairs and you're faced with 4 bedroom doors. I think once you get to the 4bd market, its mainly familes that are looking and 4bd room stuffed into a small sqft homes are just too small for a family of 5. So generally, yes, but you should consider the sqft and layout of the house.