{"id":155,"date":"2007-03-21T17:05:34","date_gmt":"2007-03-22T00:05:34","guid":{"rendered":"http:\/\/devredfin-deploy.coolblueweb.net\/2007\/03\/diy_comparative_market_analysis.html"},"modified":"2020-10-05T13:12:54","modified_gmt":"2020-10-05T20:12:54","slug":"diy_comparative_market_analysis","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/diy_comparative_market_analysis\/","title":{"rendered":"DIY Comparative Market Analysis"},"content":{"rendered":"<p><strong>The old way:<\/strong> explain your real estate needs and desires to an agent, he searches for listings, wait, wait, wait until he shares the details with you.<br \/>\n<strong>The Redfin way:<\/strong> search for real estate on your own terms, whether in your PJs or work duds, get immediate information.<\/p>\n<p><strong>The old way:<\/strong> once you fell in love with a place the only way to find out what other nearby homes sold for nearby was to call an agent and ask for a comparative market analysis, or CMA.<br \/>\n<strong>The Redfin way:<\/strong> DIY! Redfin let&#8217;s you figure it all out yourself!<\/p>\n<p>Let&#8217;s say you&#8217;re looking at moving to Pioneer Square in Seattle because you just accepted a job offer at Redfin. After a few minutes searching on Redfin.com, I found 97 S. Jackson St. #402.<\/p>\n<p><strong>But is this a good deal?<\/strong><\/p>\n<p>Redfin.com will tell you everything you need to know to make that determination. First, I would look at the details page for the listing (click on &#8220;Full Details&#8221; in the listing pop-up box).<\/p>\n<p>Does it have a Zestimate? This one has a <a href=\"http:\/\/www.zillow.com\/HomeDetails.htm?city=Seattle&amp;state=WA&amp;zprop=48966000&amp;s_cid=Pa-Cv-X1-CLz1ch4vcru284_o8azr&amp;partner=X1-CLz1ch4vcru284_o8azr\">Zestimate of $618,021<\/a>.<\/p>\n<p>Does it have any past sales information? Yes, it sold for $387,000 in 1999.<\/p>\n<p>Next, I would go back to the search page and look for similar listings on the market. I search for 1,000 to 1,500-square-foot listings and find 12.<\/p>\n<p>At the bottom of the list below the map, we can see that similar units have a median price of $521,975, average square footage is 1,189 and average $\/sq ft is $535.<\/p>\n<p>This gives you a good sense of similar units on the market, but what have other similar units sold for? Click on &#8216;Show more options&#8217; and select a timeframe under &#8216;Show Past Sales&#8217; such as &#8216;Last 1 year&#8217; or &#8216;Last 6 months.&#8217;<\/p>\n<p>Now we can see a list of the units we are interested in along with two previously sold units in the same building.<\/p>\n<p>Clicking on these similar past sales, we can get a good sense of what other listings have sold for in the neighborhood and compare the listing we are interested in.<\/p>\n<p>Happy CMA&#8217;ing :).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The old way: explain your real estate needs and desires to an agent, he searches for listings, wait, wait, wait until he shares the details with you. The Redfin way: search for real estate on your own terms, whether in your PJs or work duds, get immediate information. The old way: once you fell in [&hellip;]<\/p>\n","protected":false},"author":13382,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[57],"tags":[],"dashboard":[],"coauthors":[],"class_list":["post-155","post","type-post","status-publish","format-standard","hentry","category-company-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DIY Comparative Market Analysis - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/diy_comparative_market_analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DIY Comparative Market Analysis\" \/>\n<meta property=\"og:description\" content=\"The old way: explain your real estate needs and desires to an agent, he searches for listings, wait, wait, wait until he shares the details with you. 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