1004d Update - Define "declined"

[Mike Kennedy]

Thanks everyone for the input. My internal debate stems from the fact that I don't believe market values have declined, but my opinion of market value for an individual property has declined from a prior benchmark. My original adjusted range was 147k-155k using 6 sales (3 of which were dated, other 3 from competing neighborhood), reconciled to 150k. Today, my completed sales grid is 143k - 152k using 5 newer sales, 4 located in the neighborhood and 1 located in a competing neighborhood. My 3 best sales today adjust to 143k, 145k, 148k, with the other two (which aren't as good as the first 3, but still decent comps) at 150k and 152k. I would use all 5 comps today if I had never seen the property before. .

Revisit the "today" Grid and identify the missing adjustments. What are the unadjusted SP$s of the "4 located in the neighborhood" ??