You have valued a property for $98,500 using direct sales comparison. It is in a neighborhood where three other properties have sold twice during the past several years. The dates and prices of those sales are as follows:

Property	First Sale (Months Ago)	Price	Resale (Months Ago)	Price
1	102	$47,000	4	$103,500
2	33	114,000	6	151,750
3	17	60,500	1	64,000
Subject	61	$71,000	----	$98,500

a.) Does your trend analysis support the value estimate?

b.) What factors may explain the difference between the appraised value and the result of the trend analysis?

c.) Which value (from direct sales comparison or trend analysis) is most credible? Why?