Property Valuation
The 'market area' for appraising a single-family home in the NC mountains near Asheville would typically be defined as:
AThe entire state of NC
BThe local market area where buyers for this type of property typically search (Buncombe/Henderson County area)✓ Correct
COnly the immediate subdivision
DNational resort market comparables
Explanation
The market area for single-family homes in the Asheville area would include the local Buncombe, Henderson, and surrounding mountain counties where buyers of similar properties would realistically shop.
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