Property Valuation
The principle of progression in South Dakota real estate states that:
AA lower-value property benefits from being surrounded by higher-value properties✓ Correct
BProperties in a higher price range appreciate faster
CAll properties in a neighborhood appreciate at the same rate
DNew construction always commands higher prices than existing homes
Explanation
The principle of progression states that a modest home surrounded by more expensive homes will be worth more than it would be if surrounded by similar or less valuable homes.
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