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Prepared by a real estate agent, a Comparable Market Analysis (CMA) compares actual selling prices of homes recently sold in your immediate neighborhood.
In the following example, "your" home -- the property you want to sell -- is 134 Harbor Pl, marked with an arrow.

CMA Example

Address

Bedrooms

Baths

Square Ft.

Garage

List Price

Sold Price

DATE

134 Harbor Pl

4

2

1904

Y

To be determined

 N/A

N/A

1

123 Harbor Pl

4

2

1770

N

$148,250

$145,000

3/18/04

2

128 Harbor Pl

4

2

1996

Y

$153,900

$152,000

6/15/03

3

44 Baltic

4

2 1/2

1812

N

$150,000

$149,950

12/5/03

4

12 Sea View

4

2

1772

N

$144,000

$142,750

8/12/03

5

12 Sea View

4

2

1710

N

$153,000

$152,000

11/1/03

Average List Price: $149,830   Average Sold Price: $148,340   Average Sq. Ft: 1812
Average Sold Price per Sq. Ft: $81.87

 

The next step is to drive or walk by each of the homes on the list and compare the size and condition with your home. 
  • If your home is larger or in better condition, you can justify asking a higher price.
  • If  your home is smaller or in poorer condition you might need to set a lower asking price.
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Stone Mountain, Georgia
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