Property Valuation
What does the term 'paired sales analysis' mean in Hawaii real estate appraisal?
AA. Using two comparable sales to establish a property value
BB. Comparing two properties that are identical except for one feature to isolate the value of that feature✓ Correct
CC. Averaging all comparable sales to find a median price
DD. Pairing a commercial and residential sale for analysis
Explanation
Paired sales analysis identifies two nearly identical sales that differ in only one feature, allowing the appraiser to isolate and measure the dollar contribution of that feature.
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