Property Valuation
In Virginia's Northern Virginia market, the most relevant comparables for a sales comparison appraisal should be located:
AAnywhere in Virginia
BWithin the same neighborhood or competing neighborhoods, sold within the past 6–12 months✓ Correct
COnly within the same zip code, sold within the past 30 days
DIn any Mid-Atlantic state within the past 2 years
Explanation
Appraisers prefer comparables from the same neighborhood or competing neighborhoods sold within 6–12 months. In active markets like Northern Virginia, more recent sales (3–6 months) are preferred.
Related Virginia Property Valuation Questions
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