Home Valuation in the Northwest Twin Cities Metro
Helping owners understand what their property is worth today. Serving twenty towns across Wright, Sherburne, Hennepin and Anoka counties from an office in Saint Michael.
Wondering what your property is worth in current market conditions? Reach out to MTS Real Estate Group for expert knowledge of the local market.
The automated number on a real estate portal is a starting point built by a computer that has never been inside your house. It does not know you finished the basement, and it does not know your neighbor’s comparable sale included four acres you do not have.
A comparative market analysis is a person doing the work. We pull the sales that compare, same town, similar square footage, similar age, similar lot, and adjust for the differences between those houses and yours. Then we look at what is active and pending against you right now, because that is your competition if you list.
The adjustments are where the local part matters. An acre in Greenfield is not an acre in Plymouth. A walkout basement on a wooded lot is worth real money. Lake frontage in Annandale is priced by the lake and the frontage, not by the square footage of the house. A finished basement counts, and it does not count the same as above grade square footage.
You get a range with the reasoning attached, and the comparable sales themselves so you can see what we saw. If the number means you should wait a year, we will say so. Plenty of the analyses we do are for people who are not selling anything this year and want to know where they stand.
This is an opinion of value from a licensed agent, not an appraisal. An appraisal is a separate report from a licensed appraiser, usually ordered by a lender.
- Service
- Comparative Market Analysis
- Towns
- 20 across four counties
- Office
- Saint Michael, MN
- Brokerage
- Edina Realty
- Phone
- 763-786-3700
A comparative market analysis is an opinion of value based on comparable sales, not a licensed appraisal.
Step by step, in order.
You send the address
Plus anything a computer cannot see. The finished basement, the new roof, the addition, the well that was just replaced.
We walk it if you want
Not required, and it makes the number better. Twenty minutes.
Comparable sales pulled
Recent closed sales that truly compare, then adjusted for what is different between them and your house.
Your competition
What is active and pending nearby, because that is what a buyer will be comparing you against.
The range, with reasoning
A defensible range, the comps behind it, and a straight answer about timing.
Pick your town for the local version.
Every town has its own page for home valuation work, with that town's county, school district and commute spine.
| Town | County | What shapes it |
|---|---|---|
| Saint Michael | Wright | home market |
| Albertville | Wright | the I-94 twin |
| Otsego | Wright | new construction and the river |
| Rogers | Hennepin | Hennepin County taxes, exurban prices |
| Elk River | Sherburne | the train |
| Monticello | Wright | the far end of the commute, and the lakes |
| Buffalo | Wright | county seat, on a lake |
| Delano | Wright | Highway 12 and the Crow River |
| Annandale | Wright | lake country |
| Hanover | Wright and Hennepin | small town on the Crow |
| Rockford | Wright and Hennepin | Highway 55 and the Crow |
| Greenfield | Hennepin | acreage in Hennepin County |
| Corcoran | Hennepin | rural turning suburban, fast |
| Dayton | Hennepin and Wright | two rivers, heavy new build |
| Big Lake | Sherburne | end of the train line |
| Zimmerman | Sherburne | land per dollar |
| Ramsey | Anoka | a station and a downtown being built |
| Andover | Anoka | established, larger lots |
| Maple Grove | Hennepin | the established suburb |
| Plymouth | Hennepin | four school districts, established money |
Ready to talk about home value?
Call 763-786-3700 and you get Cliff or Jeremy, not a call center.
Comparative Market Analysis questions.
Is a CMA the same as an appraisal?
No. A CMA is a licensed agent’s opinion of value based on comparable sales. An appraisal is a formal report from a licensed appraiser, usually ordered by the buyer’s lender. The two often land close together, and the appraisal is the one the loan depends on.
Does it cost anything?
No, and there is no obligation attached to it.
Why is your number different from the estimate on the big real estate sites?
Those are computed from public records and past sales without anyone seeing the house. They cannot value a finished basement, a new septic system or a lot that backs onto water. In this area, where lot size and acreage swing so much house to house, the automated numbers are often well off.
Can I get one if I am not selling?
Yes, and a lot of people do. Refinancing, removing mortgage insurance, estate planning, or wanting to know where you stand.
How current is it?
We use closed sales from the recent past and weight the newest ones heaviest. If your market moves, the number moves, so an analysis from a year ago should be redone before you act on it.
Equal Housing Opportunity. MTS Real Estate Group supports the Fair Housing Act and the Equal Opportunity Act. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status or national origin.
Edina Realty, a Berkshire Hathaway affiliate. Licensed in the State of Minnesota. MTS Real Estate Group is a team of licensed real estate professionals with Edina Realty.