LOCAL MARKET ANALYSIS
A large town with multiple postal names and changing development patterns.
Clay is a large and varied town containing older subdivisions, major newer residential development, rural land and properties carrying different postal names. Mailing address, municipality and market area are not interchangeable, so the appraisal should identify the subject’s actual location and competitive neighborhood.
Rapidly changing new-construction pockets can make effective-date analysis and competition from builder sales particularly important.
Property characteristics we consider
- actual Town of Clay location
- Liverpool or North Syracuse mailing address
- new construction and subdivision competition
- school district
- lot size and rural influence
- traffic, commercial and corridor influences
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