1. The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 11 Market Analysis

2. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 2 Market Analysis and Highest and Best Use Uses of Market Analysis Fundamental Concepts  Market Definition and Delineation  Demand Analysis  Competitive Supply  Market Equilibrium  Trends in Market Activity

3. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 3 Levels of Market Analysis  Inferred Analysis and Fundamental Analysis Other Types of Analysis  Economic Base Analysis  Market Studies and Marketability Studies  Investment Analysis  Feasibility Analysis

4. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 4 The Six Step Process  Step 1 –Property Productivity Analysis  Step 2 –Market Delineation  Step 3 –Forecast Demand  Step 4 –Estimate Competitive Supply  Step 5 –Equilibrium or Residual Analysis  Step 6 –Forecast the Amount the Subject Will Capture

5. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 5 Real Estate Markets  Characteristics of Real Estate Markets  Residential Single unit Apartments Two- to Three-unit properties  Commercial Retail Office Hotels and motels

6. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 6 Real Estate Markets, continued  Industrial Manufacturing Warehousing Distribution  Agricultural  Special Purpose

7. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 7 Problems Suggested solutions begin on page 365.