Sample Market Analysis

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Comparative Market Analysis of Single-Family Residential Property 

Preparation Date – October 4, 2021 

The Analysis was prepared to benefit Wanda and John Jones, owners of 2714 Main Street, Carrollton Texas (the “Subject Property”), by Felix Thetford, a licensed Texas Realtor® (TREC #683762) and an Agent for Quality Choice Solutions, LLC, a real estate brokerage firm located in Tyler, Texas. Neither the Agent nor the Broker has any known conflicts of interest that might affect objectivity of the Analysis.

Range of Possible Value of the Subject Property

The following “Broker’s Opinion of Possible Transaction Value” is based on data from four comparable “sold” residential properties, all 1) located within two miles of the Subject Property and 2) sold within most recent 90 days. 

Broker’s Opinion of Possible Transaction Value - $346,750 to $383,250

Comments about the Market for the Subject Property and Comparable Properties

Number of Currently Available, Competitive Properties – Number of unsold, “on the market” properties located within two miles of the Subject Property – 2

Market Absorption Rate (Recent “Closed Sales Rate, Per Month” of Comparable Properties) – within the most recent three months; 1.33 sales per month; within the prior three months; None Noted.

Average of Recent Sale Prices) – Average of sale prices within the most recent three months; $377,500; within the prior three months, None Noted.

Median “Days on Market” (the “middle” number (similar to the “average” number)) – 3

For sales recently closed, comparison of Median “Sales Price” to Median “List Price” -  within the most recent three months; 107%; within the prior three months; NA.

Market Summary – Residential Sellers currently have the advantage in the market due to limited inventory of properties available in the suggested price range. Properties that come to market are likely to be “bid up” due to Buyer competition for properties.