How do I create a CMA?

RPR’s CMA (Comparative Market Analysis) workflow is a process where you will confirm the property facts, choose comps, make adjustments, review your result, and create a report. Select the Create CMA link on the Pricing Tools section of the Property Information page to begin. See below for step-by-step instructions.

We offer two CMAs, this article is about our standard CMA workflow with simple adjustment options. For information on our appraisal style CMA that allows for greater adjustments and the ability to weight your comps, see How do I create a  Sales Comparison Analysis?.

Step-by-Step Instructions

Click on the tabs below to follow the step-by-step instructions.

How is the CMA Result Calculated?

  • The lowest price per square foot comp is multiplied by the number of square feet of the subject property. The total equals the low end of the comp range.

  • The highest price per square foot comp is multiplied by the number of square feet of the subject property. The total equals the high end of the comp range.

  • The average equals the CMA Result.

How are the Adjustments Calculated in Step 3?

  • Moving the slider changes the price per square foot that is applied when calculating the subject property estimate.

  • Each tick on the slider bar equals + or – 5%, allowing for up to + or – 20/% adjustments.

  • Each comp’s price per square foot is multiplied by the subject property’s living area.

  • The results for all your selected comps are averaged, yielding the subject property estimate.

More Pricing Tools

Frequently Asked Questions

Click on the links below

The CMA Result is calculated by multiplying the price per square foot of your lowest and highest comps to the living area of your subject property creating the range. The CMA Result is the average.

Lowest price per square foot comp x number of square feet of subject property = low end of range.
Highest price per square foot comp x number of square feet of subject property = high end of range.
The average = CMA result

The CMA Range is the price range bracketing your CMA Result. It is calculated by applying the price per square foot of your lowest and highest comps to the living area of your subject property.

The properties used to generate a subject property’s RVM® or AVM do not necessarily yield the same result when applied in the CMA tool. This is because the mechanism used to generate an RVM® or AVM  estimated  value uses different math than what is used in the CMA.  The RVM® and AVM uses sophisticated algorithms that build in a great deal of comparison logic to arrive at an estimate for a property.

Step 3 of your CMA allows you to compare your comps to the subject property and make adjustments that will increase or decrease the value of the subject property estimate.  Each tick on the slider bar equals + or – 5%, allowing for up to + or – 20/% adjustments. Each comp’s price per square foot is multiplied by the subject property’s living area. The results for all your selected comps are averaged, yielding the subject property estimate.

You can build a Comp Analysis in the mobile app using a workflow similar to the website feature. Begin by selecting the Create Comp Analysis button below the map in a Property Details screen

When price per square foot is not available for a comp, we use the price alone. The lowest resulting estimate becomes the low end of the estimate range; the highest becomes the high end of the estimate range.

Need Help?

If you need additional assistance, contact RPR Member Support at (877) 977-7576 or open a Live Chat from any page of the website.

Share This Story, Choose Your Platform!

Popular Articles

Recent Articles