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A listing of Personal Services in the South Bay Los Angeles Area A listing of Professional Business and Financial Services in the South Bay Los Angeles area A listing of Contractor and Construction Services in the South Bay Los Angeles area A listing of professionals, contractors, and personal services in the Torrance, Manhattan Beach, Hermosa Beach, Redondo Beach, Gardena, Lomita, Carson, El Segundo, Hawthorne, Lawndale, Rancho Palos Verdes, Palos Verdes Estates, Inglewood, and the Los Angeles area. A listing of professionals, contractors, and personal services in the El Segundo area A listing of professionals, contractors, and personal services in the Torrance area A listing of professionals, contractors, and personal services in the Manhattan Beach area A listing of professionals, contractors, and personal services in the Hermosa Beach area A listing of professionals, contractors, and personal services in the Redondo Beach area A listing of professionals, contractors, and personal services in the Gardena area A listing of professionals, contractors, and personal services in the Lomita area A listing of professionals, contractors, and personal services in the Palos Verdes Estates area A listing of professionals, contractors, and personal services in the Rancho Palos Verdes area A listing of professionals, contractors, and personal services in the Inglewood area
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Tips and Information Related to Real Estate Sales; View or Submit Your Tips and Info Here!
Submitted By:  South Bay Business Register
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Comparative Market Analysis (CMA's)
By Surburban Realty

Comparative Market Analysis (CMA's)

As part of the listing process, many agents prepare a Comparative Market Analysis which is known in the industry as a CMA, to help establish a realistic price range for a home. Although the format varies some what with each company and from agent to agent, a CMA is basically a written report that includes:

  • A review of 2 to 4 comparable properties in the immediate area that are currently on the market.
  • The number of bedrooms and bathrooms, lot size, architectural style, tax assessment, number of days on the market, starting price and current asking price are all indicated.
  • A review of comparable property homes currently under contract, with all available pricing information.
  • A review of comparable properties that have closed in the past 6 to 9 months, with final selling price.

The key to remember about a CMA is that, if properly researched, it will give you the hard numbers necessary to reach a realistic pricing decision. The price range you get from an agent using CMA may well be lower than what you get from agents who don't use one, but the odds are strong that your house will actually sell in the CMA suggested range, rather than at the higher price. And it will sell quicker because the CMA emphasizes market reality, not the upper limit price many of us prefer to hear.

Copyright 2001, 2002, 2003 © South Bay Business Register, South Bay Business Register, and Surburban Realty. All rights reserved.
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