Comparative Market Analysis
COMPARATIVE MARKET ANALYSIS
A Comparative Market Analysis (CMA) compares activity in the property market for homes similar to yours. The CMA indicates what current home buyers are prepared to pay for a property.
The following considerations are taken into account when undertaking a Comparative Market Analysis (CMA):
- Recently sold properties (usually sold in the last 30-60 days) – representing what buyers are willing to pay.
- Currently listed properties for sale – these represent the current competition and show what price the seller is hoping to achieve.
- Properties that were listed but have been terminated or expired – homes that failed to sell which are usually poorly marketed or overpriced.
How Much is Your Home Worth?
It’s essential to know how much your home is worth in today’s market if you are considering selling it. Knowing what your home is worth will help to ascertain an appropriate selling price.
To do this, you need to know what similar homes are selling for in your neighbourhood.
Contact our expert team today to get your free property evaluation. Our team of professional real estate agents will review your home’s details and present you with a current Comparative Market Analysis.
Request a Free Comparative Market Analysis Today
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Victoria, BC V8X 5J2