Long Beach Topics: Help on property value

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	Name:	John C -
	Subject:	Help on property value
	Date:	2/27/2007 11:55:19 PM

Harborcon- I'm not really sure where we disagree. Comparable sales are totally about "what the market will bear." Maybe more accurate to say "what the market has beared" (past tense). I agree with you that most areas / market segments are still a seller's market. In an extreme seller's market you have to really pay attention to how old your comparables are, and adjust them appropriately. The challenge is picking good comparables, both in location and quality of lot / home.