Volume 112 | September 27th, 2023

Comparative Market Analysis

A CMA, or Comparative Market Analysis, is a tool real estate agents use when coming up with a list price prior to listing the property. The general idea is to find similar properties to the one being listed, and compare their specs, attributes, and what they sold for, to help support the purposed listing price. As you can imagine, there is a ton of room for fluctuations and opinions within this process.Two different agents could come up with the same six comps, but can easily wind up with a completely different listing price after adjustments are made. Depending on the property you're finding comps for, there can be dozens of accurate comps, but a lot of Humboldt County properties are extremely unique and are very hard to find accurate comps for. There can also be the unfortunate occurrence of having a similar property, in the same neighbor hood hit the market the same week as your own! In addition, the time of year that the listing hits the market can have a significant affect on value. Humboldt's market traditionally downshifts while heading into the winter months, and then gears back up come mid-late spring. As you've likely gathered by now, a comparative market analysis is by no means a perfect science, but more of a tool to supplement an agents knowledge of the current market to convey a range of value to a seller.

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  • New listings jumped from 55 up to 59 this week.


  • Pending properties remained steady with one fewer than last week.


  • 32 properties closed escrow this week, eight less than last weeks mark.
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August Market Report for Arcata

August Market Report for Eureka

Current Interest Rates via Mortgage News Daily

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Thank you for taking the time to read this. I appreciate your patience as I iron out the wrinkles on the way to an informative and compact weekly report.

I look forward to working with you in the future!
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Brandon Brown
RE/MAX Humboldt Realty
2222 Myrtle Ave, Eureka CA 95501
DRE# 02031396

www.BrandonBrownRealtor.com - 707.616.8752 - bbrown@humboldtrealty.com