Property Valuation
A Missouri property is listed at $325,000. Three comparable sales showed values of $315,000, $320,000, and $318,000. The indicated market value is approximately:
A$317,667✓ Correct
B$325,000
C$310,000
D$330,000
Explanation
Average of comparables = ($315,000 + $320,000 + $318,000) ÷ 3 = $953,000 ÷ 3 = $317,667. The appraiser would weight these based on comparability, but the simple average gives $317,667.
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