Data derived from concluded sales of property offers valuable market intelligence. For example, the prices achieved for comparable parcels can inform valuations, investment decisions, and development strategies. This information provides a clear picture of current market demand and pricing trends for specific locations and property types.
Access to this type of market data is essential for a range of stakeholders, including landowners, potential buyers, investors, developers, and appraisers. Historical trends in land prices can offer insights into long-term market dynamics and potential future growth. Understanding these trends helps stakeholders make informed decisions based on solid data rather than speculation. This data transparency contributes to a more efficient and stable market.