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Comparison of 2 Retro Dates to Describe Market Condition(s)

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ZZGAMAZZ

Senior Member
Joined
Jul 23, 2007
Professional Status
Certified Residential Appraiser
State
California
I am conducting two assignments of a SFR with retrospective effective dates 6 months apart.

Can the difference in adjusted values of the same property on two different dates be used to validate changing market conditions, especially if it is confirmed by additonal, "less closely held" data?
 

PropertyEconomics

Elite Member
Joined
Jun 19, 2007
Professional Status
Certified General Appraiser
State
New Mexico
It could be an indication, but due to confidentiality, I dont think you can disclose it exactly. The sales you use within each time can certainly be used though, and are not they the basis for your value differences anyway?
 

Mztk1

Senior Member
Joined
Dec 3, 2006
Professional Status
Certified Residential Appraiser
State
Florida
There's no need to. The closed sales 6 months apart have already done it for you.
 

Jim Onderisin

Senior Member
Joined
Sep 15, 2003
Professional Status
Certified Residential Appraiser
State
Illinois
You are appraising for market value in both cases? If so, the difference between values indicates a change in market conditions. If your question is, "Can I use it to support market condition adjustments in another appraisal?", I say, "Why not?" You don't have to specifically identify the property in your report.
 
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