Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Comparables (Comps) or Comparable Sales

Recently sold properties that are similar in important respects to a property being appraised; the sale price and the physical, functional, and locational characteristics of each of the properties are compared to those of the property being appraised in order to arrive at an estimate of value; by extension, sometimes used to refer to properties with rent or income patterns comparable to those of a property being appraised.
 

Source: NCREIF | Date: 02 September 2025 | ID: D0994 | Version: 1