Property Valuation
In an appraisal, 'paired sales analysis' is used to:
AAverage multiple sales for a final value
BIsolate the contribution of a specific property feature by comparing otherwise identical sales that differ only in that feature✓ Correct
CCompare properties in different market areas
DEstablish cap rates in the income approach
Explanation
Paired sales analysis is a technique for extracting adjustment amounts in the sales comparison approach by finding pairs of sales that are identical except for the feature being measured, isolating that feature's market contribution.
Related Arizona Property Valuation Questions
- The sales comparison approach to value is MOST appropriate for appraising:
- In Arizona, the URAR form used for residential appraisals requires the appraiser to report the 'neighborhood' based on:
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- Which of the following best describes 'market value' in Arizona real estate?
- Highest and best use in Arizona appraisal analysis means the use that is:
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