Comparative Market Analysis (Sales History): What Is A CMA?
For any condominium unit that you are interested in, I can provide you with a comparative market analysis or sales history. The comparative market analysis consists of three parts. The first part has similar units recently sold. Obviously, this information would provide a good basis for comparison to establish the value of the unit that you are interested in. Additionally, I am usually able to obtain the prior sale information on the unit that you are interested in, including the actual sales price and the date of sale. The second part of the comparative market analysis is similar units which are for sale now. These other units are units that the seller of the unit that you are interested in is competing against. The third part of the comparative market analysis are those units which are “Pending” or “Under Contract”. These units were for sale, an offer has come in, was accepted, and the transaction is now headed towards a closing. The prices shown on units which are under contract are
