Comparative Market Analysis Summary for Sellers

Turns an agent's comp data and notes into a clear summary a home seller can read in a few minutes.

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Before and after

BEFORE · what the owner typed

Input from the agent: "Need a CMA summary for my seller Karen Parks. I'm Karl Peters with Ironmont Realty, 319-555-0110. Her house is 1372 Halemont St, Kettlegate. 3 bed 2 bath, 1640 sq ft, built 1994, kitchen redone in 2021. Comps: 1751 Halemont St - sold 3/14, listed 289,000, sold 287,000, 1700 sq ft, 3/2, 38 days. Original kitchen, newer roof. 1372 Hazelmont Ave - sold 4/2, listed 270,000, sold 268,500, 1580 sq ft, 3/2, 52 days. Bathrooms updated, small yard. 1751 Hazelmont Ave - ACTIVE, listed 299,000, 1720 sq ft, 4 bed 2 bath, 21 days so far. Finished basement. I want to list her at 279,900. Reason is the kitchen and the active one is priced way above."

AFTER · what the skill produced

Hi Karen,

Here is the summary of how your home compares to nearby sales and listings. Karl Peters here with Ironmont Realty, and I'm happy to walk through any of it with you.

Your home
1372 Halemont St, Kettlegate: 3 bedrooms, 2 baths, 1,640 square feet, built in 1994, with a kitchen redone in 2021.

Recently sold nearby

1751 Halemont St sold March 14 for $287,000 (listed at $289,000), after 38 days. That is $169 per square foot. It is 60 square feet larger than your home with the same bed and bath count. It has a newer roof but an original kitchen.
1372 Hazelmont Ave sold April 2 for $268,500 (listed at $270,000), after 52 days. That is $170 per square foot. It is 60 square feet smaller than your home with the same bed and bath count. It has updated bathrooms and a small yard.

On the market now

1751 Hazelmont Ave is listed at $299,000 and has been on the market 21 days. That is $174 per square foot. It is 80 square feet larger than your home, has 4 bedrooms, and has a finished basement. This is an asking price, not a sale result, and it is the home buyers may compare yours to.

What the numbers tell us

The two sold homes went for $268,500 and $287,000. The average is $277,750.
Applying their price per square foot to your 1,640 square feet gives roughly $276,900 to $278,700 (for example, $287,000 divided by 1,700 square feet, times 1,640).
Both sold homes closed about $1,500 to $2,000 under their list prices.

Our recommended list price
We recommend listing at $279,900. That is about $1,200 above the top of the square foot range. We recommend it because your kitchen was redone in 2021, and the one active listing is priced well above the sold homes, so there is room to start a little higher.

Please keep in mind this is our market opinion based on these three homes. It is not an appraisal, and numbers can shift as new homes list and sell.

Call me anytime at 319-555-0110.

Karl

Questions for the owner

Do you know the roof age, flooring, and condition of Karen's home? None was given, so I could not compare it to the newer roof at 1751 Halemont St.
Does Karen have a target move date or a lowest acceptable price? Neither was given.
Do you want an estimate of her net proceeds included? Closing costs and payoff were not provided, and they should be confirmed locally.

What it does

Turns an agent's comp data and notes into a clear summary a home seller can read in a few minutes. It shows how the home compares to nearby sales and listings, what the numbers suggest, and the agent's recommended list price.

Use it when: Use when a real estate agent needs to turn comparable sales, active listings, and notes about a seller's home into a plain-English comparative market analysis summary for the seller, such as "write up the comps for my seller," "CMA summary," or "explain the pricing to the homeowner."