One of the pillars of real estate valuation is the Sales Comparison approach which relies on the sale prices of recent comparable properties. If subdivisions or neighborhoods are smaller it could be challenging to find sufficient numbers of comparable sales. But often appraisers may identify similar neighborhoods across the town to build a comprehensive comp-based property valuation model. Profet.ai supports such scenarios by enabling the appraiser to draw multiple neighborhood polygons for a single search.
However, if you are trying to find comparable properties in a growing suburban area where the subdivisions may be smaller or might have a mix of property types, you may not find enough comparable results using this approach.