During a Comparative Market Analysis (CMA), which factor is generally NOT considered?

In a Comparative Market Analysis (CMA), the primary focus is on properties that are similar in nature to the subject property, which typically includes examination of recent sales data, characteristics of the properties, and local market conditions.

When conducting a CMA, several key factors are typically analyzed: the date of sale, lot size, and square footage of properties. The date is crucial because it indicates how recent the sales are, reflecting current market conditions. Lot size can significantly impact property value, as larger or smaller lots can yield different prices based on local demand. Square footage is also a pivotal measure because it helps assess the value of living space in comparison to other homes in the area, which can vary widely.

In contrast, the capitalization rate is not a usual element of a CMA. The capitalization rate is more commonly associated with income-producing properties and involves the calculation of potential income against the property value to ascertain investment viability. Since most CMAs focus on residential properties and their sale prices rather than income potential, the capitalization rate does not play a significant role in this particular type of analysis. Thus, it is the factor that is generally NOT considered during a CMA.