Putting a Price Tag on Proximity to Cedar Lake A client of mine says his engineer son-in-law has done a regression analysis calculating the premium associated with proximity to Minneapolis’ Cedar Lake. His number? $11,000 per block. If that’s correct, that’s a very valuable number to have, because lots of Realtors, appraisers — and their...Read More
The Art of Doing Comp’s I’m working on an assignment for a client now that’s proving devilishly difficult: identify the premium associated with a home on a small, metro lake so that it can be priced appropriately for sale. The lake in question isn’t Lake Minnetonka, Lake of the Isles, or other “marquee” name. Rather,...Read More
