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In my experience, automated comparative market analysis (CMA) systems are oversimplified and cannot take every factor of a particular property into account. No formula can accurately calculate details like the property’s views, proximity to prime surf spots, interior design, finish details, landscaping, etc.
The infinity pool and incredible location on Hualalai’s Jack Nicklaus golf course were key factors in determining the price of this beautiful home | (MLS# 289097)
As a result, I take a customized approach to each listing that I represent. While I do take a property’s CMA into consideration, it is not the only element by which I determine a listing price. I always spend time at the property in person, compare recent sales and active listings in the area, and make sure to factor in key features that increase a home’s value.
This home’s proximity to the sandy beach contributes to its list price | (MLS# 291319)
For example, solar paneling can decrease cost to homeowners in the long run and therefore increases the value of the home. Pools, elevators, water features, and other such features can all contribute to the sales price. Location of the home plays a huge part, whether it is in a private club community, in a remote oceanfront setting, or has spectacular views.
Solar panels and the ocean view factor in to this Holualoa home’s listing price | (MLS# 289727)