Question: Suppose that we observe two comparable properties that have each scid twice within the past two years. Property A sold 24 months ago for 5350,000
Suppose that we observe two comparable properties that have each scid twice within the past two years. Property A sold 24 months ago for 5350,000 and Property B8 sold 18 months ago for $325,000, If the two propertes were nold today at 5385,000 and 5355,000 , respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis. (Use straight line growth with no compunding, for example if the price difference is $12,000 in one year the property appreciated a $1,000 por month. If the initial price was $100,000 then the growth was 1%6 per month.) 033% 0.28\% 0.46%
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