I’m frequently asked about water rights prices and hired to estimate water rights values. For the past week, my daily bicycle commute has passed the “Quick Shade Canopy” pictured above. The price began at $75, then $65, and now $50– a 33% reduction in value. As I pass this canopy, I’m reminded of the difference between an asking price and market value.
Water Rights are no exception. For example, these Tenmile Creek water rights have been listed at $9,600 an acre-foot for over two years.
This begs the question: Is this the market value or the asking price?
Just ask the seller of the “Quick Shade Canopy?” the substantial difference between the two.