How is the Estimated Market Value price calculated?

In MoxiPresent, our system allows you to find similar listings to your subject property from the MLS that are on sale or have sold in the past. We calculate an estimated price to give your client an idea of what their home is worth in today's market. 

The subject property screen should have a listed price or sold price from the MLS which will be the value that will appear in its rightful field on the Estimate screen. If the sold price is not present, it will take the list price. 

If the listed or sold price is empty, the sold comparables will generate a value in the Pricing Stats section of the Estimate tab and this will auto-populate into this field instead. 

If both of these values are missing in your presentation, it will require a manual entry to calculate the Estimated Market Value. 

The equation we used to calculate the estimated market value is: 

Average $/square foot of all the sold listings in your presentation multiplied by the square footage of your subject property. 

If any adjustments are applied to the comparables after the Estimate tab is accessed, the Estimated Market Value will not adjust in the main Estimated Pricing block, but it will recalculate in the Pricing Stats block. You are able to simply change the Estimated Market Value price to what the Pricing Stats block displays as the most current value.