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According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the highest sales price if located in a neighborhood in which:

A. most homes are equal to or smaller than the sale home
B. homes are heterogenous in nature
C. there is conformity in the neighborhood
D. most homes are larger than the sale home

1 Answer

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Final answer:

A three-bedroom, one-story home will likely achieve the highest sales price in a neighborhood characterized by conformity, where homogeneity in home size and quality supports property values.

Step-by-step explanation:

According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the highest sales price if located in a neighborhood in which there is conformity in the neighborhood. This is because when properties are similar in terms of size, design, and condition, they tend to support each other's value. A neighborhood with mostly homogeneous properties in terms of quality and size supports the principle of progression as buyers perceive a stable and desirable area, thus they might be willing to pay a premium for a home in such a community. Conversely, placing a smaller home in a neighborhood with significantly larger homes could lead to suppressed prices for the smaller home due to the principle of regression, where the value of the better-quality homes is not fully realized because the surrounding homes are of lesser quality.

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