Name:   John C - Subject:   LM Lot Pricing - In Depth Study Pt 1 Date:   3/26/2014 12:53:31 PM

Hey all, I thought you might like a link to a 3 part series I did on my blog recently to study methods used to calculate lot prices on Lake Martin. I did this originally for a client back in December, so I studied sales from Jan 1 - December 5th or so, but I have no reason to think December's sales would throw the numbers off.

Basically, the reason I did the study was to finally prove (to myself and my clients) the math behind my assertion that the comparable sales method is the most accurate way to price a waterfront lot on Lake Martin. Over the years I have heard many people try to START with a price per waterfront foot, then adjust it. Or START at a price per acre, then adjust it. I hope I have laid out clear reasons here, but the most accurate way is to START with the comparable sales (sales comparison) approach, and make fine tune adjustments AFTER that.

The results are telling:

Lot Pricing Methods Part 1

at the end of this post I put in links to parts 2 and 3.