Churches are bought and sold (although relatively seldom) like any other property type and, over the years, CJM has appraised quite a few churches.
Gradual growth of planning department anti-worship facilities bias over the past 50 years has generated a supply/demand imbalance. As worship facilities expand, they occasionally reach the point where existing facilities become inadequate; however, in many cases additional expansion is not allowed, and the lengthy (years) approval process for new worship facilities development in an alternative location is prohibitive. Subsequently, when a larger worship facility becomes available, the ultimate purchase price can be a result of prospective purchasers making offers exceeding the initial asking price.