The Hawaii Life value score is a computer estimation that grades the asking price of a property from 50 – 100. It does this by analyzing the properties info against the averages of comparable properties.
Let’s take a look at this property with a value score of “91” as an example.
Under “Comparable Data” we see the average “Price / Assessed” ratio = 106.70%. This particular home’s “Prices / Assessed” is -10% (a positive value) less than the comparables. However, the “Living Price / Sqft” is +51% greater than the comparables (a negative value).
Please note: a value score is an estimation and not as accurate as a CMA (comparable market analysis) from a local expert. When you get closer to making an offer, we recommend getting a CMA which one of our agents can assist you with.
JB
August 9, 2012
Thanks for the information on Value Score. This will be great to link to for clients asking about this Number.
Aloha,
JB
JB
August 9, 2012
Thanks for the information on Value Score. This will be great to link to for clients asking about this Number.
Aloha,
JB
Cate McCann Fleming
August 10, 2012
Yes, thank you for this explanation. I have been somewhat unclear about these figures, so now I get it…mahalo!
Cate McCann Fleming
August 10, 2012
Yes, thank you for this explanation. I have been somewhat unclear about these figures, so now I get it…mahalo!