STAGING STRATEGIES FOR YOUR HOMEStaging your home is all about putting the best foot forward for potential buyers. By highlighting its most desirable features, you can draw more interest for your
Dec 2 2019 68275 1
Waterfront Home Premium Shrinking, Highest in Lower-Priced Markets
The total estimated value of waterfront homes in June 2018 is $134 billion.
The sale price premium of waterfront homes is 36 percent, down from 54 percent in 2012 and 41 percent on average over the past 22 years.
The biggest premiums since 1996 have been in Jacksonville, Fla., Cleveland, Ohio, Denver and Baltimore.
During the housing boom, prices for waterfront homes grew faster than those of non-waterfront homes, and the hit they took during the bust was not as dramatic. As a result, the 53 percent premium they held in 2008 stayed roughly the same through the early years of the housing bust as non-waterfront homes took a tremendous hit while waterfront home prices declined only slightly.