Comparative Market Analysis for the Real Estate Industry

Topics: Trademark, 175, Capitalism Pages: 2 (394 words) Published: May 5, 2011

Personally prepared for:
Mr. Charlie Brown

CMA over your property Unit 1 Eagles Landing Estate Dainfern Valley

Property Details: Eagles Landing ERF 2385 Portion 0 - Dainfern Valley
112 square meters - Sectional Title Residential
Transfer date – 26 April 2004
Date of Purchase – 11 January 2004
Purchase Price – R 575 000
Bond number – B 23079/2004
Bond Amount - R 295 000
Financial Intuition – ABSA Bank

Taking current market trends into account and comparing your property to other properties recently sold in your area with research done through the South African Property Transfer Guide and, which are both electronic searches of transfers registered in the Deeds Office. I have also looked on Property 24 to see what properties are currently on the market or have been sold and also properties that have been withdrawn from the market. Finally I have studied current and prior copies of local publications such as the Saturday Star to analyze what is currently on the market in your area. I have prepared this comparative market analysis for you.

Price of properties similar in size and age sold in your area over the last 5 years is as follows: Year Number of Sales Highest Value Lowest Value Average Value Median Value 200752R 1 150 000R 480 000R 732 404 R 590 000

200854R 1 050 000R 545 000R 736 425 R 715 000
200910R 1 020 000R 360 000R 640 000 R 560 000
201023R 1 195 000R 360 000R 760 913 R 800 000
20111R 1 175 000R 1 175 000R 1 175 000 R 1 175 000

Also reviewing the amount of work done in terms of renovation, repairs and modernization, together with my experience and knowledge of properties sold in your area over the last 12 to 24 months, I feel that a realistic anticipated selling price should be in the region of

R 1 125 000 and R 1 175 000

I am...
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