sewell appraiser: Market Conditions: Washington Twp. Gloucester, NJ Date: 03/2010
- 03/09/10 12:22 PM
Market: Washington Twp. Gloucester County NJ Date: 03/2010 An analysis of sales data from year to corresponding year indicates a change in: Sales Volume from 432 units to 432 units, Median Sales Price From $236,660 to $230,732, Exposure Time: Median Days On Market from 86 to 98 (Diluted by re-listing) Current Inventory Accumulation is 11 Months. The market is still in a state of oversupply however the trend in values is toward stabilization. Submarkets within this area may have different results. Preferred Appraisers, Inc. We provide real estate appraisals in the New Jersey counties of: Camden, … (0 comments)
sewell appraiser: What is the Appraisal Process?
- 05/31/08 12:25 PM
Three Approaches to value are considered: The Cost Approach whereby the value of the lot is estimated based upon Sales, Allocation or Extraction methods. The cost of the developed site is then added to the cost of the building and site improvements computed using quarterly updated builder's construction cost services. Estimated depreciation is then subtracted. This method is more relevant for new construction or homes that are just a year or two old. The Income Approach is an analysis of market rents and their relationship to sales prices. This is particularly important in the appraisal of income producing properties like resort … (0 comments)
Market: Washington Twp. Gloucester County NJ Date: 03/2010 
;)
;)
