Writing a whole bunch of words without directly answering the question(s) gets us nowhere.
What is your definition of Rapid growth in a Neighborhood?
How about Stable?
And Slow is defined as?
How does the appraiser justify checking a particular box, and what criteria is used to do that?
Consider the neighborhood against the market area to compare and contrast.
As of the day, no new houses being built? Stable
Some new houses being built, and cruising the tax records and MLS indicate some new houses have sold every year for the past 3 years - Still Stable at moderate growth, equating to slow.
new subdivisions going in all around your neighborhood? Your neighborhood might be stable, because it is fully developed and not yet ready to raze.
Your subject is in a new subdivision that is currently being built out? Rapid development. If many of the homes in the neighborhood are being built, or the lots are being sold to be built.
Your subject is in a transition neighborhood where some homes are being razed in favor of new homes, development is then re-development and could be stable to slow, depending if there has only been one or two razed and rebuilt in a year, or if an arbitrary percentage of homes are being razed, like 5% or so.
These are opinion categories. You define the parameters of your opinion.
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