article thumbnail

How to Do a Comparative Market Analysis: A Step-by-Step Guide

The Close

Days on market. A solid comp is a property that has been: Sold in the last 12 months (or, in fast-moving markets, the last six months) Near to your subject property on the map Closed within a reasonable number of days on market and sale terms. At a minimum, you’ll need the following: copy to clipboard.

Marketing 105
article thumbnail

There’s Still a Window of Opportunity To Invest in U.S. College Towns, but Move Fast and Know Where To Look

Realtor.com

College towns like Austin and Boulder are seeing strong housing market performance year over year, according to data provided by Realtor.com. In Boulder, the median listing price for all property types is up 20% year over year, and median days on market is down 17%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

There’s Still a Window of Opportunity To Invest in U.S. College Towns, but Move Fast and Know Where To Look

Realtor.com

College towns like Austin and Boulder are seeing strong housing market performance year over year, according to data provided by Realtor.com. In Boulder, the median listing price for all property types is up 20% year over year, and median days on market is down 17%.

article thumbnail

Should You Invest In The Houston Real Estate Market?

Marco Santarelli

Houston has a low-density sprawl which is fantastic, and this means that there are still spaces within the city for the construction of residential housing. Additions to the local labor force tend to drive rents and prices upon rental properties in the vicinity and results in local construction of homes and apartments.

article thumbnail

How to Become a Luxury Real Estate Appraiser

McKissock

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,” says Traut.

article thumbnail

Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? An appraisal is designed to determine the value of the home. Plumbing inspection (pipes, well, septic).

article thumbnail

How to prepare a comparative market analysis (CMA) report

Housing Wire

The distance will really depend on your market and your knowledge of the surrounding neighborhoods. Choose properties that have sold in the past six months or in a period of rapid market movement, in the past three months. Focus on properties that closed with reasonable terms and within a reasonable number of days on market.

Marketing 397