comparables analysis

Definition

The process of evaluating recently sold similar properties to determine market value, essentially treating home pricing like comparison shopping for toasters. It's the foundation of appraisals and every pricing strategy that claims to be data-driven.

Example Usage

Her comparables analysis showed three-bedroom homes in the neighborhood selling between $425,000 and $475,000.

Origin

Shortened from 'comparable sales analysis,' a valuation method formalized in the mid-20th century

Fun Fact

The comparables method assumes identical houses would sell for identical prices, conveniently ignoring that no two properties are truly identical.

Source: Real estate valuation methodology

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