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Comparable Sales

Real Estate
  • What It Means
  • Why It Matters
  • Across Datreal Countries
  • Common Questions
  • Related Terms

Table of Contents

  • What It Means
  • Why It Matters
  • Across Datreal Countries
  • Common Questions
  • Related Terms

Comparable sales are completed sales of similar properties used to assess an object’s market value.

Search Real Estate

What It Means

Location, property type, size, condition, and sale date help determine whether a sale is comparable. Differences may require adjustments.

Why It Matters

  • These transactions provide evidence for a valuation. They do not guarantee the object’s eventual sale price.

Across Datreal Countries

This page explains the shared concept. National legal effects may differ. Check official records before acting.

Common Questions

  • Are these sales of this object?

    No. They are sales of other, similar properties. Sales of this object and aggregate local market statistics are separate.

Related Terms

  • Real Estate

    Market Value

    Market value is the estimated price an asset would most likely get in a normal, open sale between willing buyer and willing seller. It matters…

  • Real Estate

    Property Sale Price

    Property sale price is the recorded amount paid when a property is sold. It helps show what a specific transaction was worth on paper and can feed…

  • Real Estate

    Automated Valuation Model

    An automated valuation model is a computer-based way to estimate a property's value from digital data. It is useful because it can produce valuation…

  • Real Estate

    Price per Square Metre

    Price per square metre is the price or cost of one square metre of floor area. It is a plain-English comparison tool: useful for comparing homes or…

  • Real Estate

    Datreal Property Valuation

    Datreal Property Valuation is Datreal's proprietary market-value conclusion. It combines registered property characteristics, screened transaction…

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