What aspect of real estate does a CMA focus on?

A Comparative Market Analysis (CMA) primarily concentrates on the value assessment of a property by comparing it to similar properties that have recently sold in the same area. This method takes into account various factors such as location, size, condition, and features of the comparable properties to determine a fair market value for the property in question. The goal of a CMA is to provide sellers and buyers with an informed estimate of the property’s value based on current market conditions.

In terms of the other choices, while demographics of the neighborhood can provide context for the property’s potential market, it is not the core focus of a CMA. Similarly, considering the condition of the property is important but only one part of the overall value assessment done in a CMA. Marketing strategies for selling are relevant to the process of selling a property but do not pertain to the valuation aspect that a CMA addresses. Thus, the key feature of a CMA lies in its comparative analysis to establish value, making it an essential tool in real estate transactions.