What does quantitative data refer to in real estate assessments?

Quantitative data in real estate assessments specifically refers to measurable and countable features of properties. This type of data includes aspects such as the size of the property in square feet, the number of bedrooms and bathrooms, and the age of the property. These are concrete metrics that allow assessors to derive numerical values for properties based on specific characteristics.

Quantitative data is crucial in assessments as it provides a solid foundation for valuation methodologies, enabling comparability across different properties. By using objective, numerical information, assessors can apply statistical techniques to analyze and determine property values more accurately. This differs from qualitative data, which includes subjective opinions or descriptions that cannot be easily measured or counted.

In contrast to the other options, subjective opinions, visual representations, and price trends do not offer the same level of objectivity and measurability. Subjective opinions can vary widely and are influenced by personal perceptions, while visual representations may enhance understanding but do not provide quantitative measures. Trends in property prices, while valuable for understanding market behavior, also do not capture the specific, measurable attributes of individual properties necessary for assessments.