What do selling price, fair market price and out of market price mean?
Fair market price is the average price per m² of your selected comparables multiplied by the property's total area, and the selling price range is a band around it, usually 7% below the fair market price. A property priced more than 7% above the fair market price is considered out of market.
CASAFARI calculates these three price categories from market data. They help you judge whether a property is priced appropriately in the current market.
Where to find them
- Log in at https://www.casafari.com/login.
- Find the property you want to analyse in Property Sourcing or the Valuation Tool.
- Click the listing or open the valuation panel to see the three price categories.
What each price means
Fair Market Price
This is the average price per m² of the selected comparables multiplied by the total area of the property. It represents the most realistic market value based on similar listings.
Selling Price Range
This is a range around the fair market price, usually 7% below it. Properties priced within this band are generally considered to be aligned with the market.
Out of Market Price
A property priced more than 7% above the fair market price is considered out of market. This may mean it is overpriced compared with similar listings.
Good to know
- You can use these indicators to guide pricing decisions or to show clients clearly where their property stands in the current market.
- For help interpreting the values or adjusting your comparables, email support@casafari.com or go to Help Center > Contact Us inside the platform.
Last updated: