Previous reviews have divided the literature into three categories: statistical price models, survey-based research, and other appraisal methods, such as paired sales
and resale analyses.
Ideally, impact studies rely on paired sales
to demonstrate diminution in value.
It is expected that the impact of the mortgage crisis on paired sales
with a prior foreclosure will show up only with a delay, as it takes time for homes purchased in a foreclosure sale to be sold or turned over again by investors or homeowners.
Well known to property appraisers are the Paired Sales
Analysis used by Jackson (2001), Contingent Valuation Analysis (CVA) used by Carson, (2000); Clinch and Murphy, (2001), Option Pricing Model by Lentz and Tse (1995) and the Hedonic Model developed by Rosen (1974).
The total number of paired sales
from 1991 to 2006 in the area to be annexed in 2002 was 5,404.
Thirdly, the paired sales
analysis was applied to a dynamic west-side suburb of Cleveland where new construction impacts the relocation market significantly.
Adomatis, SRA, LEED, and Ben Hoen are the winners of the 2016 Armstrong/Kahn Award for their article, "An Analysis of Solar Home Paired Sales
across Six States," published in the Winter 2016 issue of The Appraisal Journal.
The draft explains that in the absence of sufficient data to perform a paired sales
Also covered are ways to use property listings, improved property sales and paired sales
analysis to estimate land value and the selection of appropriate units of comparison.
He made location adjustments based on paired sales
analysis, concluding that property located on a busy street would require an adjustment of $40,000 and that locations at the entry to a cul-de-sac versus the center of a cul-de-sac would be adjusted to a lesser extent.
Many prominent HPIs available in the market today depend on the availability of paired sales