If a comparable property sold for $280,000 and prices in the area have increased by 5%, what is the indicated value of a similar property?

To find the indicated value of a similar property given that a comparable property sold for $280,000 and prices in the area have increased by 5%, you start by calculating the increase based on the original sale price.

First, determine the amount of the increase by multiplying the original price by the percentage increase:

$280,000 * 0.05 = $14,000.

Next, add this increase to the original sale price to find the new indicated value:

$280,000 + $14,000 = $294,000.

However, there appears to be a mistake in the answer provided. The correct calculation shows that the indicated value of a similar property, after accounting for the 5% increase, would be $294,000. Therefore, none of the choices listed would be correct without additional context or adjustments to the question.

If the answer is meant to reflect different conditions or calculations, such as a specific rounding or adjustments, that context would be necessary to understand why a specific choice is presented as correct.