Real Estate Math
A NC property appraiser finds three comparable sales adjusted to $285,000, $291,000, and $288,000. The most likely indicated value for the subject is:
A$285,000
B$288,000
C$289,333✓ Correct
D$291,000
Explanation
Simple average = ($285,000 + $291,000 + $288,000) / 3 = $864,000 / 3 = $288,000. However, the appraiser would reconcile these by weighting the most similar comp.
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