Comparative Market Analysis - Monmouth County, NJ

Professional home valuations using comparable sales data

Comparative Market Analysis provides accurate home valuations in Monmouth County, NJ. As your CMA specialist serving Monmouth County, Ocean County, and Middlesex County, I analyze recent sales and market trends to determine precise property values throughout New Jersey. Professional CMA reports guide pricing decisions in Marlboro, Manalapan, Freehold, and Holmdel.

Comparative Market Analysis - Chris Burns Realtor Monmouth County

📊 Sample CMA Report - Marlboro Township

Example: 4BR/2.5BA Colonial • 2,400 sq ft • Built 2005

🏠 SUBJECT PROPERTY 123 Main Street, Marlboro, NJ • 4BR/2.5BA • 2,400 sq ft Built 2005 • Updated Kitchen (2022) • Finished Basement Comparable Sale Price Sq Ft / $/SF Key Features Adjustments Adjusted Comp #1 127 Main St 0.1 mi away Sold: Oct 2024 30 days ago $640,000 List: $649,000 8 days on market 2,350 sq ft $272/sq ft 4BR/2.5BA • Built 2006 Updated kitchen Unfinished basement Similar condition +$5,000 (smaller) +$15,000 (basement) -$2,000 (age) Net: +$18,000 $658,000 Comp #2 456 Oak Ave 0.3 mi away Sold: Sep 2024 60 days ago $655,000 List: $669,900 22 days on market 2,450 sq ft $267/sq ft 4BR/2.5BA • Built 2004 Older kitchen Finished basement Good condition -$5,000 (larger) +$20,000 (kitchen) +$3,000 (age) Net: +$18,000 $673,000 Comp #3 789 Elm Drive 0.2 mi away Sold: Nov 2024 15 days ago $670,000 List: $679,000 12 days on market 2,400 sq ft $279/sq ft 4BR/2.5BA • Built 2005 Updated kitchen Finished basement Nearly identical! +$0 (same size) +$0 (same features) +$0 (same age) Net: $0 $670,000 📈 MARKET ANALYSIS SUMMARY Average Adjusted Value: $667,000 Price Range: $658,000 - $673,000 Average $/Sq Ft: $273/sq ft Days on Market (Avg): 14 days List vs Sale Price: 97.8% Market Condition: HOT! 🔥 💰 RECOMMENDED LIST PRICE $669,900 Strategic pricing: Slightly above comps to capture market momentum 🎯 Chris Burns' Market Insights ✓ Strong Demand: All comps sold quickly (8-22 days) with minimal price reduction ✓ Premium Features: Updated kitchen + finished basement add significant value ✓ Timing Advantage: Spring market (highest demand season) approaching 📋 Pricing Strategy Options Aggressive: $679,900 Test market ceiling Negotiate down if needed Recommended: $669,900 Balanced approach BEST FOR QUICK SALE ✓ Conservative: $659,900 Multiple offers likely May sell above ask

📊 Every CMA is customized with the most recent comparable sales data for your specific property and neighborhood!

Recent Sales Analysis

Review comparable sales in Monmouth County neighborhood. Analyze similar homes sold within 6 months throughout New Jersey markets.

Active Competition

Evaluate homes currently for sale in Monmouth County. Understand competition for buyers throughout New Jersey.

Pending Sales

Monitor homes under contract in Monmouth County. Leading indicator of market direction throughout New Jersey.

Property Adjustments

Adjust for differences in size, condition, features in Monmouth County. Account for upgrades and deficiencies throughout New Jersey.

Market Trends

Analyze pricing trends in Monmouth County neighborhood. Rising or falling prices affect valuation throughout New Jersey.

Days on Market

Average time to sell in Monmouth County area. Indicates market strength throughout New Jersey neighborhoods.

Price Per Square Foot

Calculate average price per square foot in Monmouth County. Useful comparison metric throughout New Jersey markets.

Absorption Rate

Months of inventory available in Monmouth County. Buyer's vs seller's market indicator throughout New Jersey.

Professional Report

Detailed CMA report for Monmouth County property. Charts, graphs, and analysis throughout New Jersey valuation.

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