Comments on: Differences Between Neighborhood and Market Areas & Analysis https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/ Appraisal News and Tips for Real Estate Appraisers Thu, 02 Jan 2025 22:14:20 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Jack Schlenk https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/#comment-10862 Tue, 11 Feb 2014 17:49:39 +0000 http://appraisersblogs.com/?p=3094#comment-10862 In the city of Chicago the market values are the: MLS #, the Zip code, the Properties in a 1 and .5 mile mile radius, and sales in the past 90 days.

In all my of Appraisal Reports this market data is for the Single Family, Attached, and 2-4 units, properties.

My reports are based on the principle of substitution:
The value of an article does not exceed the value of an acceptable substitution.

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