Free Real Estate Market Analysis Statement Template
Real Estate Market Analysis Statement
Property Address: 1234 Elm Street, Downtown, Cityville, USA
Date of Analysis: January 15, 2085
Prepared by: [Your Name], Senior Real Estate Analyst
1. Executive Summary
This Real Estate Market Analysis (RMA) provides a detailed examination of the real estate market surrounding the property located at 1234 Elm Street, Cityville, USA. This analysis incorporates current economic factors, comparable property sales, and overall market trends to deliver a comprehensive evaluation of the property’s value and investment potential. With significant growth anticipated in Cityville, the property’s location offers strong investment appeal in both the residential and commercial sectors.
2. Market Overview
As of January 2085, the real estate market in Cityville is experiencing a bullish trend, characterized by rising property prices, a growing population, and a steady economic expansion. Key factors influencing the market include:
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Economic Trends: The local economy has been robust with consistent job growth, particularly in the technology and healthcare sectors. Unemployment rates are at a historic low of 2.5%, contributing to increased disposable income and demand for housing.
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Population Growth: Cityville has seen an influx of residents due to its expanding tech industry, with a population growth rate of 4.8% annually. This has driven both the demand for residential properties and commercial spaces for businesses.
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Construction Trends: New construction projects, especially high-rise apartments and mixed-use developments, are on the rise. Permits for new properties in Downtown Cityville increased by 15% over the last year.
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Supply and Demand: The market is currently experiencing higher demand than supply, particularly in the downtown area where the subject property is located. Inventory levels are lower than the historical average, creating upward pressure on prices.
3. Property Type & Market Segment
The subject property, 1234 Elm Street, is a multi-family residential building that includes 10 units, each consisting of 2 bedrooms and 1.5 bathrooms. It falls within the mid-range price segment for residential properties in Downtown Cityville.
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Price Range: The price range for comparable multi-family properties in the area is between $800,000 and $1.2 million.
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Target Market: This property is best suited for investors seeking rental income, as well as young professionals and small families looking for affordable living spaces within walking distance of the tech district.
4. Comparable Market Analysis (CMA)
A comparison of recently sold, active, and pending properties similar to the subject property is presented below:
|
Property Address |
Sale Price |
Sale Date |
Square Footage |
Bedrooms |
Bathrooms |
Days on Market |
|---|---|---|---|---|---|---|
|
1250 Oak Avenue |
$950,000 |
December 15, 2084 |
1,800 SQFT |
2 |
1.5 |
30 |
|
1200 Pine Street |
$1,050,000 |
January 10, 2085 |
2,000 SQFT |
3 |
2 |
45 |
|
1100 Cedar Drive |
$925,000 |
December 5, 2084 |
1,750 SQFT |
2 |
1.5 |
25 |
Based on the comparable market analysis, the estimated market value for the subject property is $975,000.
5. Market Trends & Forecast
The current market trends in Cityville indicate the following:
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Price Trends: Property prices in Downtown Cityville have increased by 7.2% over the last year. Experts predict an additional 5-6% increase in property values over the next 12 months due to ongoing demand and limited inventory.
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Rental Market: The rental market remains strong, with average rents in Downtown Cityville rising by 8% annually. The subject property could yield an estimated $3,000/month per unit, providing a strong return for investors.
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Investment Outlook: The outlook for investment in Cityville remains favorable. The city’s infrastructure development, particularly the expansion of public transit and commercial zones, will continue to boost property values. Investors can expect steady appreciation in the long term.
Looking ahead, the market is expected to remain strong, with a steady increase in both property prices and rental demand through 2086.
6. Conclusion & Recommendation
Based on the analysis, it is recommended that the property at 1234 Elm Street be listed for sale at $975,000, reflecting the current market value and comparable sales data. Given the rising demand for residential units in Downtown Cityville, this price is competitive and should attract serious buyers. For investors, holding the property for rental income is also a viable option, with the potential for consistent cash flow and long-term capital appreciation.
7. Additional Notes
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The data used for this analysis is based on available market statistics and comparable property sales within a 1-mile radius of the subject property. It is advised that the property be evaluated periodically to account for any significant changes in market conditions.
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Disclaimer: The information provided is intended for general informational purposes only and should not be considered as financial advice.
Prepared By:
[Your Name]
Senior Real Estate Analyst
