What_is_a_Comparative_Market Analysis?

A Comparative Market Analysis (CMA) provides valuable statistical information.

Current Listings
Details current competition. Reveals supply and demand trends and assists the seller to strategize pricing to optimize showings. Enables calculation of probable days on the market and helps to anticipate possible price reductions.

Pending Sales
Lists recently "sold" properties (where an offer has been accepted but not completed). Reveals the market trend.

Sales
Details successful activity and provides an excellent pricing guideline.

Expired / Withdrawn Listings
Usually indicative of unsuccessful pricing or marketing exposure.

Summary Statistics
Reveals average days on the market by combining Sales and Pending Sales. Enables calculation of average price for a specific area and a List to Sales ratio..

Karen-Love

Karen Love®
karen@karenlove.com
Cell:  250.727.5868

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Robyn Wildman®
robyn@karenlove.com
Cell:  250.818.8522

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