When conducting a CMA for a three-bedroom house, which property would be the MOST appropriate comparable sale?
Correct Answer
C) A three-bedroom house sold three months ago, one kilometre away
The three-bedroom house sold three months ago within one kilometre is the most appropriate comparable: it matches the subject’s type and size and is the most recent like-for-like sale. The unit is a different property type, the four-bedroom house needs a size adjustment, and the eighteen-month-old sale needs a large time adjustment despite being closer.
Why This Is the Correct Answer
This sale matches the subject exactly on property type and bedrooms and is recent. One kilometre is a modest location difference, easier to allow for than a different property type, an extra bedroom or an older sale.
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