Author Topic: The Art of the WTF Listing  (Read 6318 times)

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Offline valueoc

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Re: The Art of the WTF Listing
« Reply #15 on: February 11, 2014, 01:46:55 PM »
Also real estate is a vey "inefficient market"  There is a lot of emotions and greater value played on intangibles.  Throw in cultural beliefs and additional values are added to other factors not traditionally placed values (i.e. address number, location on street, etc).  In a large enough market these variable may get washed out, but even still, real estate is notoriously inefficient.
Very well said, both sellers and buyers can have non-rational pricing/buying motivations, and my guess is that (especially smaller sized/sampled) asking pricing graphs will reflect this in some way.
Sean Rees
Value Real Estate

 

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