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?
Correct Answer
D) A 1,750 sq ft bungalow built in 1983, sold 2 months ago, 3 blocks away
The best comparable should be similar in style, size, age, and location, with a recent sale date. Option D matches the bungalow style, has similar square footage and age, is nearby, and was sold recently, making it the most reliable comparable despite minor size difference.
Why This Is the Correct Answer
Option D is the best comparable because it matches the most critical criteria for CMA analysis. It has the same architectural style (bungalow), very similar square footage (1,750 vs 1,800), comparable age (1983 vs 1985), close proximity (3 blocks), and recent sale date (2 months ago). The combination of style match, size similarity, age compatibility, reasonable location proximity, and recent transaction date makes this the most reliable comparable for accurate market valuation.
Why the Other Options Are Wrong
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Prices in an Ontario neighbourhood have risen sharply over the past year. When preparing a CMA, which comparable sales are generally the most reliable indicator of current value?
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