Such variance in market comps - Why is that?

[Quentin Thiery]

Hi all,

I was doing some market analysis in the Albany area and have been finding insane amounts of variability in prices. There are some 4br3ba that are $150K then some that are $280K, even though they are close by and one isn't totally gutted while the other is finished. I've found this with many other properties; despite similar bedroom/bath/square footage comps, they can really vary widely in terms of listing price. Does anybody know why this is? Maybe some properties need more work than others and I can't quite see that at first glance but it does seem a bit strange about how wide the range is for similar properties with similar features. Any advice or points that I may be missing would be helpful!