What is a Comparative Market Analysis (CMA)?

What is a Comparative Market Analysis (CMA)?

A comparative market analysis, or “comp,” is used by California real estate professionals to determine the value of a particular property.  The value of a home will vary between different cities and even within more localized markets within the city.  For instance, a 2-bedroom 1-bathroom home in San Francisco will be priced much higher than an identical home in a suburb such as Hemet.  Furthermore, a beachfront property in San Diego will cost more than a similar property further inland. A real estate agent or licensed appraiser will compare the property characteristics and condition of your property to similar properties...Read more