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Prepared by a real estate agent, a Comparable Market Analysis (CMA) compares actual selling prices of homes recently sold in your immediate neighborhood. |
In the following example, "your" home -- the property you want to sell -- is 134 Harbor Pl, marked with an arrow.
CMA Example |
|
Address |
Bedrooms |
Baths |
Square Ft. |
Garage |
List Price |
Sold Price |
DATE |
|
134 Harbor Pl |
4 |
2 |
1904 |
Y |
To be determined |
N/A |
N/A |
1 |
123 Harbor Pl |
4 |
2 |
1770 |
N |
$148,250 |
$145,000 |
3/18/04 |
2 |
128 Harbor Pl |
4 |
2 |
1996 |
Y |
$153,900 |
$152,000 |
6/15/03 |
3 |
44 Baltic |
4 |
2 1/2 |
1812 |
N |
$150,000 |
$149,950 |
12/5/03 |
4 |
12 Sea View |
4 |
2 |
1772 |
N |
$144,000 |
$142,750 |
8/12/03 |
5 |
12 Sea View |
4 |
2 |
1710 |
N |
$153,000 |
$152,000 |
11/1/03 |
Average List Price: $149,830 Average Sold Price: $148,340 Average Sq. Ft: 1812 Average Sold per Sq. Ft: $81.87 |
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The next step is to drive or walk by each of the homes on the list and compare the size and condition with your home.
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If your home is larger or in better condition, you can justify asking a higher price.
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If your home is smaller or in poorer condition you might need to set a lower asking price.
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