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How Much is a Pool Worth?


Neighborhood 1: This is an older area with homes from the 1920’s onward. It is a desert area that is subject to high winds at times. Almost every home has a pool in this location. The citywide mean sales price is in the $600,000 range, the mean for this neighborhood is closer to $1,000,000+.


A standard size {360SF} pool/spa package runs $45,000+ depending on features like salt filter, pebbletech, water falls and/or slides, deck size/type. In this area the pool/spa package will bring 5%-10% depending on age/condition, size and amenities.


Neighborhood 2: This is an older area with homes from the 1920’s onward. It is a desert area that is subject to high winds at times. The Majority of homes do Not have a pool in this location. The citywide mean sales price is in the $300,000 range, the mean for this neighborhood is closer to $250,000+. A standard size {360SF} pool/spa package runs $45,000+ depending on features like salt filter, pebbletech, water- falls and/or slides, deck size/type.



In this area the pool/spa package will bring -5% to -10% depending on age/condition, size and amenities. Two of the 2 pools in this photo of 24 homes, only 4 have pools (17%}, two of which are empty, one is green, indicating it is not being taken care of and one appears to be functional, ie clear water.


To answer this question, I like to quote George Dell, MAI, SRA, ASA; “It Depends”. The value depends on all of the above, plus the Market Conditions. During booming markets, amenities are worth more than in soft or declining markets. Try this approach to the value of pools on your assignments, and let me know what you observe. Maybe send me some data with adequate details to put into a Case Study. Thanking you in advance for your help.


Steven R. Smith, MSREA, MAI, SRA, 4/6/16


#Appraiseapool #poolvaluetomarketprice

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