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A
Comparable (or Comparative) Market Analysis is
developed by an Agent to compare similar
properties in the same general neighborhood. It
is an essential tool when attempting to
determine the market value of a specific home.
The
property that is being compared is 1292
Washington Street,
which is the "subject property."
COMPARABLE
MARKET ANALYSIS |
|
Address |
Bedrooms |
Baths |
Square Ft. |
Garage |
List Price |
Sold Price |
DATE |
S
|
1292 Washington |
4
|
2
|
1804 |
Y
|
$153,500 |
|
|
1
|
1255 Washington |
4
|
2
|
1788 |
N
|
$147,500 |
$145,000 |
1/18/06 |
2
|
1146 Washington |
4
|
2
|
1896 |
Y
|
$152,900 |
$152,000 |
2/15/06 |
3
|
744 Jefferson |
4
|
2
1/2 |
1912 |
N
|
$149,950 |
$149,950 |
11/21/05 |
4
|
912 Jefferson |
4
|
2
|
1692 |
N
|
$145,000 |
$142,750 |
9/12/05 |
5
|
6602 Adams |
4
|
2
|
1692 |
N
|
$154,000 |
$152,000 |
2/1/06 |
Average List Price:
$149,870
Average Sold Price:
$148,340
Average Sq. Ft:
1796
Average Sold per Sq. Ft:
$82.59 |
For a
complete discussion on CMAs, see
Understanding CMAs
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