When performing a Comparative Market Analysis (CMA), which factor is typically NOT considered?

In a Comparative Market Analysis (CMA), the primary goal is to estimate a property's value by comparing it to similar properties that have recently sold in the same area. The factors typically considered in this analysis include location, market trends, and the condition of the property.

Accrued depreciation, while important in property valuation, is not commonly evaluated in a standard CMA. A CMA focuses more on the comparative aspects of the properties rather than calculating the depreciation of the specific property being analyzed. This means the adjustments made during a CMA lean toward used properties' direct comparisons without detailed calculations of loss in value due to depreciation.

Location is crucial in determining how much similar properties might sell for, as values can vary significantly based on neighborhood, amenities, and schools. Market trends provide insight into whether property values are rising or falling, guiding pricing strategies. The condition of the property affects its appeal and saleability, thus influencing its market value. However, accrued depreciation is generally addressed in other valuation methods, such as the cost approach, rather than a CMA. This distinction helps clarify why accrued depreciation is not a focus in this context.