A comparative market analysis (CMA) reviews “comparable” properties that recently sold, active listings on the market, listings pending sale, and listings removed from the market without selling, while factoring in the effects of existing economic and real estate market conditions and trends. Because individual homes are relatively unique commodities – varying in location, architecture, condition, circumstances, systems and amenities – and the market is constantly changing, a comprehensive CMA relies upon a straightforward analysis of data, as well as the experience to weigh the many factors at play, to arrive at an informed estimate of fair market value at a specific point in time. It is one of the most important services qualified agents provide their clients. Differentials in values should be considered approximate calculations based on samples of thousands of sales, and how they apply to any specific home is unknown. Overbidding percentages can be affected by strategic underpricing strategies by sellers and listing agents, as well as by buyer demand. In recent years, the house and condo markets in San Francisco have sometimes diverged in their dynamics, but the effects of overpricing on the statistics reviewed in this report are broadly similar, even if varying in degree. Based on data provided by local MLS association(s) to Broker Metrics, considered reliable, but may contain errors and subject to revision. Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.
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