avm: When Did $/Square Foot Become the Leading Market Evaluator?
- 03/05/15 02:00 AM
Thirty years prior to the advent of Zillow the usage of price per square foot when determining residential home values was virtually non-existent. We did see its use for investment properties, commercial space and multifamily analysis albeit a background statistic which complimented the whole. Most of the automatic valuation methods or AVM's used today weight it much more heavily as a market and pricing indicator. The fact is that consumers are using it as their single most accurate valuation tool and that causes conflict where our paths cross. I cannot defend its use for accuracy due to the wide range of … (0 comments)
Thirty years prior to the advent of Zillow the usage of price per square foot when determining residential home values was virtually non-existent. We did see its use for investment properties, commercial space and multifamily analysis albeit a background statistic which complimented the whole. Most of the automatic valuation methods or AVM's used today weight it much more heavily as a market and pricing indicator. The fact is that consumers are using it as their single most accurate valuation tool and that causes conflict where our paths cross. I cannot defend its use for accuracy due to the wide range of … (0 comments)
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