YOUR EBOOK TITLE THE NEW CMA: COMPETITIVE NOT COMPARATIVE
STEP 1.1: Know the Subject Property STEP 1.2: Know the Wide Area Appreciation Trend STEP 1.3: Understand the Neighborhood Trends & Their Implications LOREM IPSUM STEP 1: UNDERSTAND THE AREA PATTERNS
Remember we are using the Federal Housing and Finance Administrations appreciation data.
As you can see the columns each represent one year of appreciation. Green means appreciation and red means negative appreciation or depreciation. This number is calculated by taking the value of a home that sold and then whenever it sells again using that information distributed across the years to find overall appreciation. This is a very accurate way of looking at things versus just looking at home prices because a lot of times new construction can skew values one direction or another. This information is just looking at resales which gives us a great indication of where values have gone.
We can use this information to check ourselves at the end to ensure we are generally correct, but again this is for the city-wide area, not the neighborhood.
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