Your Home Has More Value Than You Think

Home values throughout California have appreciated 20% to 40% between 2020 and 2022, but no two homes are alike. Factors that may influence your homes’ value include:


Location is certainly the number one factor when considering a home’s value. For example we found a run-down 1,080 ft. home on a 3,800 ft. lot with no garage on the Coast Highway in Malibu listed for $4,750,000 ($4,398 per foot). Less than 20 miles away in the City of Moorpark we found a lovely 2,700 ft. home on a 7,000 ft. lot with a 3-car garage listed for $850,000 ($315 per foot): living at the beach is very expensive. Another example: homes with views are generally more valuable than homes without views, everything else being equal.

Supply and Demand

Supply and Demand comes in at a close second to Location when determining the value of a home. When Demand exceeds Supply in an open market, prices have no choice but to increase. At times the Law of Scarcity piggybacks on demand to drive prices even higher: “If what we desire appears to be in short supply the perception of its value increases significantly.”

Other Noteworthy Factors Include…

  • Interest rates: Interest rates affect affordability when a vast majority of Buyers require mortgage financing.
  • Economic conditions: Do Buyers feel comfortable with their jobs, businesses, and income? During times of economic expansion real estate values tend to increase.
  • Property performance: How much income or rent is generated by the property?
  • Demographics: Is the local population growing or shrinking?
  • Amenities: When comparing one home to another amenities (covered patio, pool, spa, built-in BBQ, guest house, RV parking) matter.
  • Aesthetics: Kitchens, bathrooms and flooring are at the top of the list of renovations that will add the most value. As an example: a home with a contemporary kitchen will generally be more valuable than a home with an original 1960’s kitchen.
  • Investment potential: Investors are looking for specific improvements that will enhance the rental return.
  • Energy efficiency: Some Buyers may be interested in energy efficient materials, fixtures and features.

Can I find my homes value on the internet?

Online tools are a good place to start but an algorithm is no substitute for a local expert. Give us a call and we’ll discuss the condition and amenities of your home and review market sales to provide you an accurate estimate.

Let’s Talk About Your Home

Our team will be in touch as soon as possible to discuss your needs.