comparable sales

Definition

The recent selling prices of similar properties in the area that are used to help determine the market value of a property, with the assumption that the subject property will sell at a similar price to other similar properties. Also called Comps or Comparables.

Use comparable sales in a sentence

You should try and figure out if your comparable sales are on par with the other companies in your areal.

​ Was this Helpful? YES  NO 8 people found this helpful.

My real estate broker instructed me that I should try to sell my house for $300,000 after looking at many comparable sales in my neighborhood.

​ Was this Helpful? YES  NO 3 people found this helpful.

The comparable sales numbers of the houses in Shady Meadow Estates provided enough information that made Jane think she could list her house at 1.2 million.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
comparable comparables