COMPARABLE MARKET ANALYSIS EXAMPLE

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

11/18/09

2

1146 Washington

4

2

1896

Y

$152,900

$152,000

02/5/10

3

744 Jefferson

4

2 1/2

1912

N

$149,950

$149,950

12/31/09

4

912 Jefferson

4

2

1692

N

$145,000

$142,750

06/12/10

5

6602 Adams

4

2

1692

N

$154,000

$152,000

03/31/10

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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