Which factor could potentially distort the appraisal value of a property?

Low demand in an area can significantly distort the appraisal value of a property because appraisals are often influenced by supply and demand dynamics. When demand is low, it typically leads to lower property values, as buyers have more options and may not be willing to pay a premium for a property. This reduced competition can cause appraisers to assess the property at a lower value than might otherwise be the case in a more favorable market.

In contrast, historical appreciation of a property's value, high-quality materials used in construction, and current owner insights generally contribute positively to an appraisal. Historical appreciation reflects the property's market trend over time, which could indicate long-term value sustainability. High-quality materials are often associated with increased durability and attractiveness, positively influencing market perception and value. Current owner insights could provide useful information about the property's condition or unique features that may enhance its appeal, but they are personal and subjective, and not as influential as broader market factors like demand.