In estimating the market value of a single-family dwelling, you analyze 12 sales and list the following features with respect to each property.

Using two sets of paired sales analysis, answer the following five questions. 

Hint: for instance, when trying to find the adjustment for air conditioning, you need to find a sale with air conditioning and one without. The difference between the two comparables should indicate the market value of the air conditioning. For each adjustment, two or more sets of pairings should be used to support your findings as one set of pairings may not be a true example of market behavior

9. A property with a poorer location has to be adjusted how much in relation to better located properties?

(1) -$10,500

(2) +$8,100

(3) +$10,500

(4) -$8,100

 

Sale No. 1 2 3 4 5 6 7 8 9 10 112 12 Sale Date Current One year ago 6 months ago Current Current Current 6 months ago Current Current Current Current One year ago Sale Price $280,000 $272,900 $276,400 $269,000 $270,000 $293,000 $289,200 $265,000 $266,000 $273,000 $273,000 $271,000 Remarks and Comparability Comparable to subject except that the sale has central air conditioning Similar to Sale 1 Similar to Sale 2 Similar to Sale 1 except in a poorer location Similar to Sale 4 Similar to Sale 1 except it has a detached garage whereas Sale 1 has no garage Similar to Sale 6 Similar to Sale 1, except it has wood siding and Sale 1 has brick Similar to Sale 8 Similar to Sale 1, except that it has no central air Similar to Sale 10 Similar to Sale 6, except it has wood siding instead of brick