The above chart indicates some of the more popular stat's for homes situated within the City of Becker, MN over the past 7+ years. As you can see each year is fairly consistent, other than the median selling price, which has declined every year. This is for all designs of single family homes (excludes town homes and condos). This type of data is used when analyzing market areas within an appraisal to help determine trends, and to help assist in determining the right comparable sales to use.
The graph indicates that there was a precipitous decline in value from 2006 to 2011, and 2012 doesn't seem to be getting off to a good start. Follow this link for a detailed analysis of distressed sales (foreclosures, REO's, and short sales) of homes within Sherburne County.
Comments(0)