How Do You Do A Comparable Market Analysis?

How to Do a Comparative Market Analysis in 8 Steps

  1. Gather All the Data You Can About the Subject Property.
  2. Gather Tax Information.
  3. Gather Your Subject Property's Previous Sale / Listing Data.
  4. Examine the Recent Comparable Sales.
  5. Examine Comparable Properties Currently For Sale.
  6. Evaluate the Micro Market Trends of Your Subject Property.


What should a market analysis include? Your market analysis should include an overview of your industry, a look at your target market, an analysis of your competition, your own projections for your business, and any regulations you'll need to comply with.

how do you do a market analysis on your home?

How to Do a Real Estate Market Analysis
  1. Step 1- Property Analysis.
  2. Step 2- Assess the Original Listing Price.
  3. Step 3- Check Property Value Estimates.
  4. Step 4- Search Comps.
  5. Step 5 – Determine a Price Range.
  6. Step 6- Assess the Home in Person.
  7. Step 7- Decide the Market Value.

Is a market analysis free? Free Market Analysis. A Comparative Market Analysis (CMA) involves collecting information on real estate activity in your area so you can arrive at a fair market value or listing price for your home. I provide this service free of charge as a first step to earning your trust and becoming your preferred Realtor.

how many comparables does a CMA have?

In it's most basic form, a CMA will have the the most recent sales that are comparable (comps) to the subject property. Most appraisers will use 6 months back as “recent”, but real estate agents will use up to 12 if needed.

What is the difference between a market analysis and an appraisal? In simple terms, a real estate market analysis lets you and your real estate agent know how much similar properties to yours in the same geographic area are selling for, while a real estate appraisal is the value your individual property has, according to a licensed, professional appraiser.

how do I run a CMA?

The eight steps to creating an accurate CMA include:

How do you do a market analysis? To help guide you through your market assessment journey, follow the seven market analysis steps below. Determine the purpose of your study. Look at your industry's outlook. Pinpoint target customers. Compare your competition. Gather additional data. Analyze your findings. Put your analysis into action.

How do you do comparables?

Price per square foot: Real estate agents use price per square foot to identify comparables. Divide the sale price of a home by its square footage, then compare that number to your own desired price per square foot.

How much is a market analysis? Average cost: $15,000 - $35,000. Reports cover not only the performance of the market and its subcategories as a whole, but they also cover the specific market values and trends of specific products/services in the industry within specific regions or countries.

What does CMA stand for?

Certified Management Accountant

What should be included in a CMA?

To recap, your CMA report should contain: The addresses of the subject and comparable properties. Information and characteristics of each property. Sold prices of the comparables. The total square footage of each home. The adjustment values for lot sizes, bedrooms, baths, and garages. The adjusted sold prices.

How can I appraise my home myself?

Arrive at your home's value based on the average price per square foot of the similar homes. For example, if your home is 1,500 square feet and the average cost of the homes you are using for comparison is $650 per square foot, your home estimate is $975,000. You then use the comparable homes to adjust the price.

How do Realtors do market analysis?

A: A market analysis pertains to a list of information about homes that have sold in your neighborhood or surrounding area similar to yours. You may also want to interview other agents and get at least 3 realtors opinions and choose the realtor you feel with market your property the best.

How do I get a CMA report?

You can either scan lists of homes that have recently sold or get a report prepared by a local real estate agent, who will contact you and probably try to solicit your business at that point. Alternatively, you can purchase a CMA report, for example, at www.ushomevalue.com.

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