This market analysis is used by real estate professionals and appraisers to estimate the value of a property. A CMA is developed by review recent comparable sales in the area within the last 6 months.

Single Family Homes vs Condos

Single family homes are compared differently then condos. Sales of homes need to be in similar neighborhoods within a given city. Condo sales have to be within the same building or complex.

Your home's living square footage is considered...but the garage is excluded from this measurement.

How much homes similar to yours have sold for within the last 6 months
Compares bedrooms, bathrooms, living square footage
How many days were they on market before they sold.
What is the difference between the list price and sales price
The three most recent sales that are similar are helpful to make a final estimate

Comparative Market Analysis (CMA) Tip:
Once you select the home you want to buy, your Realtor®, will prepare a CMA for you so you can make the best offer possible to purchase it. Then, when you look at the most recent sales, notice the difference between the list price and the sales price. It is usually 2 to 3 % lower if it is a buyer's market and higher if it is a seller's market. Gauge your offer within those parameters.

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Disclaimer. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale, or rental. Homes are listed for sale by all of the southern california real estate companies.

Realtor® -- is a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. All members of The Red Wagon Team, are licensed real estate agents with the State of California and are members of the National Association of Realtors® and the local board of Realtors®.

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We have cover real estate in Huntington Beach, Laguna Beach,
Newport Beach, Seal Beach, Sunset Beach, Surfside, Orange County & Long Beach, Ca.