A comparable property sold for $800,000. In the sales comparison grid, it is adjusted downward 5% for property rights, downward 10% for financing terms, and upward 15% for market conditions. What is the dollar adjustment for market conditions?

• A. $120,000
• B. $60,000
• C. $102,600
• D. $96,000

Answer: (C)

When using the sales comparison approach, adjustments are applied in sequence to the comparable’s price, using the updated value after each prior adjustment as the base for the next one. This reflects how each difference affects value step by step.

Start with the comparable’s price: 800,000.

• Property rights adjustment is downward 5%, so 800,000 × 0.95 = 760,000.

• Financing terms adjustment is downward 10%, so 760,000 × 0.90 = 684,000.

• Market conditions adjustment is upward 15%, and its dollar amount is 15% of the current base: 684,000 × 0.15 = 102,600.

So the dollar adjustment for market conditions is 102,600. (If you needed the final adjusted value, you’d add 102,600 to 684,000 to get 786,600.)