Which comparables hold the most weight in a real estate analysis?

In real estate analysis, comparables that have the fewest adjustments hold the most weight because they closely resemble the subject property in terms of features, size, condition, and other relevant characteristics. The goal of using comparables is to find properties that are as similar as possible to the one being evaluated, as this allows for a more accurate determination of market value.

When a comparable requires several adjustments—such as changes in price due to differences in square footage, number of bedrooms, amenities, or conditions—it indicates that the properties are not closely aligned. Ultimately, the accuracy of the analysis diminishes when multiple adjustments are involved, as they increase the complexity and introduce potential errors or biases into the valuation process. Therefore, relying on comparables that require fewer adjustments means the analysis is more straightforward and represents the market value of the property more effectively.

The other options, while they may have some relevance in specific contexts, do not provide the same level of reliability in value estimation as the comparables with fewer adjustments. For instance, distance from the subject property may be less important than the likeness in features, and higher-priced properties may not be suitable comparables, especially if those prices are driven by factors that do not align with the subject property.