Property Valuation
Vermont's Stowe/Killington area's 'luxury market' appraisal challenges include:
AToo many comparable sales
BLimited comparable sales for high-end properties, requiring expanded search criteria and careful adjustments✓ Correct
COnly year-round demand
DNo physical differences between resort and non-resort properties
Explanation
Appraising luxury and high-end resort properties in Vermont is challenging due to limited comparable sales. Appraisers must expand their search area, carefully analyze differences, and exercise greater judgment in making adjustments.
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