Property Valuation
An appraiser finds three comparable sales in Olympia: Comp A sold for $410,000 (3 months ago, inferior condition), Comp B sold for $420,000 (6 months ago, similar), Comp C sold for $415,000 (1 month ago, superior condition). The appraiser should give primary weight to:
AComp A because it needs the most adjustments, providing the most data points
BComp C because it is the most recent sale, even though condition adjustments are needed✓ Correct
CComp B because it has the most similar condition to the subject
DThe average of all three comps
Explanation
Recency is a critical factor in appraisal. Comp C is the most recent (1 month) and provides the best indication of current market conditions, even though condition adjustments must be made. Market conditions change, and older comparables may not reflect the current market as accurately.
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