Greenback
Senior Member
- Joined
- Apr 20, 2007
- Professional Status
- Appraiser Trainee
- State
- Louisiana
Here is a fun one...
What constitutes one market? I'm being serious, what is a market?
Is one piece of property a market? One lot, one house on the one lot; is it a market?
Or, does Real Estate have to have boundary for it be called a market; example - neighborhood boundary?
During an analysis, is each comparable sale or even each similar sales, considered a market? The subject property and 3 comparable sales can mean there are 4 markets portrayed in the analysis grid?
Exactly, what is a market?
I'm done, I'm ready for opinions, facts, and additonal explanations.
What constitutes one market? I'm being serious, what is a market?
Is one piece of property a market? One lot, one house on the one lot; is it a market?
Or, does Real Estate have to have boundary for it be called a market; example - neighborhood boundary?
During an analysis, is each comparable sale or even each similar sales, considered a market? The subject property and 3 comparable sales can mean there are 4 markets portrayed in the analysis grid?
Exactly, what is a market?
I'm done, I'm ready for opinions, facts, and additonal explanations.