Tag: home values

Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales

January 25, 2012

Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales COMPARATIVE MARKET ANALYSIS (aka: Competitive Market Analysis or CMA) – an estimate of the value of property using only a few indicators taken from sales of comparable properties, such as price per square foot.  These value estimates are not appraisals and do not meet … More Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales

Real Estate Term of The Day: Recap of the “A” Terms

January 15, 2012

ABSORPTION RATE ACCESSIBILITY ACRE ADJUSTABLE RATE MORTGAGE (ARM) ADJUSTMENTS IN APPRAISAL ADJUSTED SALES PRICE AGENCY AGENCY DISCLOSURE AGENT AMENDMENT AMENITIES AMERICAN LAND TITLE ASSOCIATION AMORTIZATION AMORTIZED LOAN AMORTIZATION SCHEDULE AMORTIZATION TERM ANNUAL PERCENTAGE RATE (APR) APPRAISAL APPRAISAL APPROACH APPRAISAL REPORT APPRAISED VALUE APPRECIATION ARCHITECTURE ARREARS ASBESTOS AS IS ASKING PRICE ASSESSED VALUE ASSESSMENT ASSESSOR ASSUMABLE … More Real Estate Term of The Day: Recap of the “A” Terms

December 2011 Market Report is Now Available

January 4, 2012

The December 2011 Market Report is now available YTD (December 2010 vs December 2011) Single Family Highlights: Increase in the Number of Closed Sales to 31,437 (up 2.1%) Average Days on Market increased to 105 days Number of Active Listings decreased 36.5% to 8,854 Average Sold Price decreased (down 0.8% from $282,080 to $279,230) Units … More December 2011 Market Report is Now Available

Real Estate Term of the Day: Appreciation

December 15, 2011

Real Estate Term of the Day: Appreciation APPRECIATION – an increase in the value of property. Causes for appreciation for real estate may included inflation, demand pressures for land and buildings, physical addition, modernization, removal of a negative factor from within or outside the property, time, and sweat equity (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Appreciation