What type of analysis focuses on various aspects of properties in a market area?

The correct choice is a comparative market analysis (CMA). This type of analysis is essential for understanding property values and market conditions in a specific area. A CMA evaluates various aspects of properties, such as size, condition, location, and recent selling prices of comparable properties. By systematically comparing a subject property with similar properties that have recently sold, a CMA helps agents and buyers establish a fair market value and make informed decisions regarding buying or selling real estate.

In addition to the properties themselves, a CMA takes into account various market factors, such as demand, supply, and overall market trends, allowing for a comprehensive view of the market environment. This detailed assessment is crucial for determining competitive pricing and understanding market dynamics, which is invaluable for real estate professionals and their clients.