To provide market-wide trends based on available historical information, not an appraisal of a specific property.
It is improper to apply these statistics to the square footage, room count or other attributes of a specific property in order to estimate its market value. Improper use of this research would be akin to using the Dow Jones Industrial Average to price a specific stock in a portfolio. Amenities including, but not limited to view, physical condition, layout, quality and type of construction, square footage, number of bedrooms, lot size, financial condition and security have a significant influence on values within the same county, neighborhood, zip code, building, or any other market or sub-market.
The statistics presented in all of of the market reports available at MillerSamuel.com are based on all property sales available to us in each defined market area at the time each report was prepared. Sales used within our market reports are market-wide and not only an analysis of the sales of Douglas Elliman.