AUTOPROP’s CMA tool provides REALTORS® with two automated price range calculations to help support property evaluations and pricing recommendations.
The CMA generates:
A price range based on floor area
A price range based on lot size
These calculations are designed to provide additional market context when reviewing comparable sales activity.
Price Range Based on Floor Area
The floor area calculation uses the average price per square foot from the comparable listings in your CMA.
(Average Price Per Square Foot Floor Area x Floor Area of Subject Property) ± 3%.
= Lower end of range (-3%) - Higher end of range (+3%).
This produces a recommended range consisting of:
Lower end of range: -3%
Higher end of range: +3%
Price Range Based on Lot Size
The lot size calculation uses the average price per square foot of lot area from the comparable listings in your CMA.
(Average Price Per Square Foot Lot Size x Lot Size of Subject Property) ± 3%.
= Lower end of range (-3%) - Higher end of range (+3%).
This produces a recommended range consisting of:
Lower end of range: -3%
Higher end of range: +3%
Understanding the Range Spread
Each calculation includes a total spread of 6% between the lower and upper values:
3% below the calculated value
3% above the calculated value
These ranges are intended to provide guidance and support your professional pricing analysis.
Using the Price Ranges
You may choose to use either calculation — floor area or lot size — when presenting pricing recommendations to your client.
The most appropriate range may vary depending on:
Property type
Market conditions
Land value influence
Comparable listing quality
Dynamic Recalculation
The price ranges automatically update whenever listings are added to or removed from your CMA results table.
This allows you to refine your analysis in real time as you adjust your comparable selection.
Still Need Help?
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