Land values in San Diego County?

[redfish]

Marion.... I've thought about how to respond to your comment.
None of my responses that come to mind would be ones that I'd want to associate myself with in retrospect.

So I won't respond. You get to have the last word.

Quitter,



Marion,


adgkajhr, aeotjg and tirefasdsy adoyiowety with a broom stick that gsklagjd and then agdlgagawpd vaseline to the temple angagaghkadfsle yttesl gfagkagfks.

 

[hastalavista]

Marion,


adgkajhr, aeotjg and tirefasdsy adoyiowety with a broom stick that gsklagjd and then agdlgagawpd vaseline to the temple angagaghkadfsle yttesl gfagkagfks.

You took the words right out of my mouth! :laugh:

 

[Meandering]

So, Let's see what we have here.

I am doing a review on some properties in San Marcos and Chula Vista and I was wondering if anyone with experience in those towns have a notion of land value there.
Using either extraction or allocation what is the typical percentage for land for single family homes.
Thanks

I should have been more clear; I am not doing a review appraisal and there is no 1004 that I have on any particular property. This is a general question on the market area.

So, what is this? He's looking at some properties, as an appraiser, and has no idea what the land values are, so just give him a down and dirty math problem to get land values?

Imladaris:
If you are reviewing an appraisal, and presuming the appraisal is done on a current 1004 form, wouldn't you have enough information to do a site value by extraction analysis on the comps presented in the appraisal?
If you did do that analysis, then are you asking your question to spot-check your own calculations?
If you did not do that, then I'd ask you, "why not?"

Sure, just calculate them out. Only ratios matter,

yet,

Randolph posted some land sales, actives and pendings,

and Amy says as of the day, land may not be buildable due to drought conditions,

Gheeze think these two things would impact the land market and land values, and the "typical ratios"? Or is it no longer, as of the day?

Marion,
dgkajhr, aeotjg and tirefasdsy adoyiowety with a broom stick that gsklagjd and then agdlgagawpd vaseline to the temple angagaghkadfsle yttesl gfagkagfks.

Sorry Redfish,

I don't speak Skippy.

Denis,

If you want to help the lazy beat the "system", then I'm not wondering why you're speechless.


Greg,

I don't have all day, every day to play with you guys. But if you have something you want to add, just go ahead and post it, and then don't complain when skippy is appraising in your neck of the woods.


.

 

[Imladaris]

As a service, here are all the land MLS listings, pendings and sold for San Marcos for the last 2 years.

Click this link: http://paragonmls.sandicor.com/publ...df0fe9-54a8-4626-bf2e-75bb42636560&Report=Yes

Thank you, Randolph. That is very helpful.

 

[Mr Rex]

One issue with land sale comps in a weak market is that given an ample or over supply of vacant sites, the external obsolescence that is split between the site and improvements on the improved properties is all allocated to or at a minimum is a more pronounced % in the vacant sites. As such any land sales that occur and are used as illustration of site value in an appraisal of an improved property would not truly reflect the contributory value of the land to the improved site. In such cases, allocation or extraction is a better reflection of the sites contributory value than recent vacant land sales IMHO. Since the improved sites can not be sold vacant, it is an exercise in reasoning.

 

[CANative]

If there is demand for housing but restrictions on development (moratorium on new water meter installations) then land without a meter will go unsold whereas land with meters (or prior approval) will sell at a huge premium.

So you're going to get all sorts of seemingly conflicting sales data. :laugh: