Appraiser Adjustment Matrix
Area Riverside Date 11/24/2010
|
Square Footage |
0-3 Months |
4-6 Months |
Difference |
|
2800-3000 |
$332,500 |
$320,000 |
$12,500 |
|
2600-2800 |
$301,500 |
$317,500 |
$-16,000 |
|
difference |
$31,000 |
$2500 |
////////////////// |
|
2400-2600 |
$293,000 |
$315,000 |
$-22,000 |
|
difference |
$8500 |
$2500 |
////////////////// |
|
2200-2400 |
$276,500 |
$287,450 |
$-10,950 |
|
difference |
$16,500 |
$27,550 |
////////////////// |
|
2000-2200 |
$246,000 |
$250,750 |
$-4750 |
|
Difference |
$30,500 |
$36,700 |
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|
1800-2000 |
$231,500 |
$235,500 |
$-4000 |
|
Difference |
$14,500 |
$15,250 |
////////////////// |
|
1600-1800 |
$217,000 |
$215,000 |
$2000 |
|
Difference |
$14,500 |
$20,500 |
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|
1400-1600 |
$199,000 |
$201,000 |
$-2000 |
|
difference |
$18,000 |
$14,000 |
////////////////// |
|
1200-1400 |
$172,000 |
$170,000 |
$2000 |
|
difference |
$27,000 |
$31,000 |
////////////////// |
|
Difference TOTAL |
$160,500 |
$150,000 |
$-43200 |
|
Divide by 8 |
$20,062 |
$18,750 |
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|
Divide by 9 |
////////////////// |
///////////////// |
$-4800 |
|
Divide by 200 sq' |
= $ per Sq' $100 |
= $ per Sq' $94 |
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|
Divide by 90 days |
////////////////// |
///////////////// |
= $ per day $-53 |
Data used is median sales prices in the area - for either current to 3-months or 4-6 months; by house square footage ranges. In the gray boxes in the difference between the 2 median prices per the adjacent ranges. Data indicates the difference in price per square foot difference was: $100 in the most recent 3-month period ($94 in the prior 3-month period) - this would be a drive derived adjustment per square foot. Data shows median prices dropped an average of %53 per day between the prior 3-month period to the most recent 3-month period (that would be a loss of value of almost $1600 per month). Data below show the drop in 1-month of sales in 2009 (@ 381) vs. 2010 (@ 314) in the same time period. In 2010 about 1/3 of the sales were Standard sales, REO sales and short sales - in 2009 52% of the sales were REOs.
|
|
Total Number |
% Standard |
% REO |
% Short Sales |
||
|
Active Listings |
1299 |
33% |
16% |
46% |
||
|
Pending Sales |
318 |
27% |
44% |
27% |
||
|
Closed Sales |
314 |
30% |
31% |
32% |
||
|
Sold 1-year ago |
381 |
28% |
52% |
17% |
||
|
Median sold prices |
Standard Sq' |
REO per Sq' |
Short per Sq' |
Standard DOM |
REO DOM |
Short sales DOM |
|
2009 |
$140 |
$111 |
$115 |
54 |
30 |
127 |
|
2010 |
$136 |
$117 |
$117 |
49 |
44 |
105 |
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