In appraisal, what type of analysis specifically requires properties to be identical in attributes?

Matched Pairs Analysis is a method used in appraisal that specifically focuses on comparing properties that are identical or nearly identical in their attributes, such as location, size, age, and condition. This technique is particularly useful in determining the contributory value of certain features or improvements by analyzing sales data from comparable properties that have recently sold. By ensuring that the properties being compared are as similar as possible, the appraiser can isolate the impact of specific differences on value, leading to a more accurate assessment of a property's worth.

This method stands out because it allows for a more precise evaluation based on real market transactions, rather than relying on broader comparative measures or estimates. By controlling for variables that could affect value, this analysis enhances the reliability of the appraisal outcome, making it a crucial tool for appraisers.