What does "disaggregation" refer to in the context of property appraisal?

Disaggregation in the context of property appraisal refers to the practice of breaking down a property market into smaller, more manageable components based on similar attributes, characteristics, or features. This method allows appraisers to more accurately analyze and assess the value of properties by looking at specific characteristics that affect market behavior, such as property type, location, and amenities.

By grouping properties based on similar attributes, appraisers can identify trends and variations within different segments of the market. This targeted analysis is crucial for establishing accurate valuations, understanding local market conditions, and making informed recommendations regarding pricing or investment strategies. Disaggregation helps in developing a nuanced understanding of how different factors influence property values, leading to more precise and reliable appraisals.