Just How Much Is That Stellar View Worth?


Just How Much Is That Stellar View Worth?

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Homes with a good view fetch a premium, particularly among city dwellers. But how much more are they willing to pay for a home with a good view?

Realtor.com®’s research team compared the prices of homes for sale on its site that highlight sought-after views and then compared those homes to similar-sized properties in adjacent ZIP codes that don’t make any special note of a great view. (Note: Many of the homes with the best views are in luxury buildings that also offer locations convenient to top attractions.)

Some of the most famous views that are commanding the highest premiums, according to realtor.com®’s research team, are:

1. Manhattan, N.Y.: Central Park

  • Median list price for homes with views: $3,795,000
  • View premium: 39.9%

2. San Francisco, Calif.: Golden Gate Bridge

  • Median list price for homes with views: $2,450,000
  • View premium: 33.1%

3. Miami Beach, Fla.: South Beach

  • Median list price for homes with views: $944,000
  • View premium: 103.4%

4. Chicago, Ill.: Lake Michigan

  • Median list price for homes with views: $525,000
  • View premium: 96.8%

5. Las Vegas, Nev.: The Strip

  • Median list price for homes with views: $425,000
  • View premium: 210%

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About Empire Appraisal Group, Inc.

Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times.  When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.  Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.

We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.

We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.

In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.

Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298.  Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.

We provide residential appraisal services to all cities in Broward County:  Parkland, Coral SpringsCoconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors.

 

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