When conducting a CMA, which of the following properties would be considered the BEST comparable?
Correct Answer
A) A similar property sold 1 month ago in the same subdivision
The best comparable is a recently sold property (not just listed) in the same area with similar characteristics. Recent sales provide actual market data, while listings only show asking prices which may not reflect true market value.
Why This Is the Correct Answer
Option A represents the ideal comparable for a CMA because it combines all the essential criteria: recent sale (1 month ago provides current market data), same subdivision (ensures similar location factors), and similar features (comparable property characteristics). Recent actual sales data is more reliable than listings, and proximity in the same subdivision ensures comparable market conditions, zoning, and neighborhood amenities.
Why the Other Options Are Wrong
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