When conducting a CMA in Ontario, which time frame for comparable sales is generally considered most reliable for current market conditions?
Correct Answer
B) Sales within the past 6 months
Sales within the past 6 months are generally considered most reliable as they reflect current market conditions while providing sufficient data for analysis. More recent data may be too limited, while older data may not reflect current market trends and pricing.
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When conducting a CMA in Ontario, which of the following comparable sales would be most relevant for a 3-bedroom detached home built in 1985?
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When conducting a CMA, which of the following properties would be considered the BEST comparable for a 1,800 sq ft bungalow built in 1985?