Making numeric dollar adjustments to the sale prices of comparable properties would be considered which type of analysis?

Making numeric dollar adjustments to the sale prices of comparable properties would be considered which type of analysis?

• A. Qualitative
• B. Economic analysis
• C. Quantitative
• D. Narrative analysis

Answer: (C)

Numeric adjustments to sale prices are an example of quantitative analysis, because they rely on precise dollar amounts rather than descriptive judgments. In the Sales Comparison Approach, you adjust each comparable for differences in features, condition, location, and other factors using dollar increments. The result is a set of adjusted prices that can be directly compared to the subject’s value. Descriptive, non-numeric descriptions would be qualitative analysis, market trends or conditions without specific dollar figures would be economic analysis, and a descriptive narrative without numbers would be narrative analysis.

Numeric adjustments to sale prices are an example of quantitative analysis, because they rely on precise dollar amounts rather than descriptive judgments. In the Sales Comparison Approach, you adjust each comparable for differences in features, condition, location, and other factors using dollar increments. The result is a set of adjusted prices that can be directly compared to the subject’s value. Descriptive, non-numeric descriptions would be qualitative analysis, market trends or conditions without specific dollar figures would be economic analysis, and a descriptive narrative without numbers would be narrative analysis.