WHAT IS A CMA and WHY DO I NEED ONE?

When buying or selling Atlanta Luxury Homes it is critical to have your agent develop a Competitive Market Analysis. The recent fluctuations in the Atlanta Luxury Homes market make it impossible to understand what you should pay for a new luxury home or the price at which you can successfully list your luxury home without a detailed market analysis.

For instance, in the two Atlanta zip codes that command the highest median price - 30327 and 30305, the following price fluctuations have occurred in the past 2 years.  In 30327, the Median Price hit its high in July 2008 at 1.65million. Today the Median Price for 30327 is $1.25 million or a 24% drop.  And in 30305, the Median Price hit its high in October of 2007 at $900k and today stands at $700k, at 22% drop.  With price fluctuations this severe occurring in the past 24 months, a CMA is a prerequisite before entering any real estate transaction.  (Data from Altos Reseach, recognized by Wall Street Journal and Forbes for accurate tracking data)

CMA stands for "Comparative Market Analysis." A CMA is an excel spreadsheet prepared by your real estate consultant that provides objective pricing data comparing the features of your property to similar properties which are on the market, are pending sale, just sold, or listings that failed to sell.  With the information requested below, we will prepare a complimentary CMA for your property.