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There are 13 comparable sales in the area of a subject property. Of these sales,...

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Accounting

There are 13 comparable sales in the area of a subject property. Of these sales, 8 are of unimproved parcels (e.g. no buildings). Use
these farms to find how land mix (cropland versus pasture) affects sales price. All cropland is similar in productivity, as is all pasture.
Step 1. Use sales 1 and 2 to find the relative value of cropland to pasture in a ratio or percentage.
Pasture is worth
(ratio or percentage) of cropland.
Step 2. Sale 3 is similar in size and time to sales 1 and 2. Use the value of cropland found in sale 1 and value of pasture found in sale
If applied to sale 3, would these values support the selling price of farm 3?
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