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.