Comparable Properties Section
In the Comparable Properties section, you will see a list of the properties used to generate your properties Comparable Value. The “Comparable Value” is calculated by averaging selected comparables’ adjusted sales price. We automatically adjust each comparable’s sale value by comparing each comparable to the subject property. These factors include but are not limited to: locational differences, square feet, bedrooms, bathrooms, lot size, pools, basements, and many other possible fields.
HouseCanary automatically suggests 10 comps for your Subject Property. When you edit your Subjects property details, we re-rank your comps according to the original value and property details. You can edit the Comps list to more closely match your subject property. Choosing comparables so will cause the Comparable Value to populate in both the comps section and the Value Report header.
Using the tabs above the map, switch between Sold, Active Listings and Rentals.
This section can also be downloaded individually as an Excel file by selecting the download icon.
Selecting your own Comps is easy. You can select each comp you'd like to add by clicking the + symbol located to the left of the Comp to move them into the selected Comps list.
You also have the option to type the address you would like to use by selecting Add A New Comp ().
Once a comparable is selected, that comparable will be locked and factored into the calculation.
Using Map Layers
As mentioned previously, Map Layers allow you to overlay a variety of data over the the subject properties neighborhood. This additional perspective allows you to better understand, underwrite and analyze the neighborhood. Map layers can be also be toggled in the Comparable Properties section.
Currently, there are 5 layers available:
- $/SQFT (Very exciting to look at neighborhood quality )
- Historical Price Growth
- Median Price
- School Grades
- Census Tract
To remove a Comp, select the "-" symbol located to the left of the Comp. If you want to delete a Comp, click the trashcan icon located to the right of the address.
Remember to click save on the banner when you have completed your choices.
Viewing additional Comp Details
You can view additional information about each of your Comps by clicking the info () button located to the far right of the Comp when viewing the list, or by selecting the corresponding numerical pin on the map. Below is a list of information that we automatically populate:
* User editable Comparable Property Details
Changing the Property Details of Comps
An additional feature, is the ability to edit the Property Details of each of your Comparables. This is especially useful in instances where a nearby property was recently sold and the information has yet to populate in our system.
To edit the Property Details of your Comps, first add it to the list of selected Comps. Then select the pencil icon located to the far right of the Comp. This will bring up a dialogue that lets you edit the same set of Property Details listed above, including Sale Price.