What is a Comparable Market?
A comparable market (aka. sister markets) is a market that is similar in nature and lifestyle as the subject one. A market can be a Condo/Building, a Zip Code, a Neighborhood, or a City.
A quality comparable is most similar to the Market in question in terms of:
- Housing type distribution
- Population Density
- Building Density
- POI Density
- WalkScore, TransitScore and BikeScore
- Access and proximity to coastal areas, rural areas, and downtown areas
- Demographics and cultural similarities