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Property valuation basics

Location, size, condition, and timing — the four levers behind almost every home price.

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The four levers

Location

The single biggest factor. Setting, neighbourhood, and outlook.

Size & layout

Floor area and how usable it is.

Condition

Renovated and move-in ready vs. needing work.

Timing

The state of the market when it sold.

Putting it together

No single lever sets a price — they combine. A small, dated flat in a prime spot can beat a large, new one on the edge of town. Good guessers read all four at once, then anchor on the city's baseline price per unit and adjust from there.

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