Blog

 Well, appraisers can finally change the URAR Form in Ada County from "DECLINE" to "STABLE" and not make time adjustments.

Well...at least until next Quarters numbers come out ;)

Now the trick is to explain/support your view point to RELS & Landsafe, who frown upon reports with the box "STABLE" marked in Ada County. The appraiser will be fighting an uphill battle until the market has 2 -3 Quarters in a row, or until a National Bank or AMC (Bank of America (aka Landsafe), Wells Fargo (aka  RELS), LSI) gives the OK to staff appraisers to mark "Stable". 

Usually it just easier for the appraiser to mark "DECLINE MARKET" and the bankS / AMC company gives the rubber stamp approval on report.

Average Quarter Sold Price - Single Family
				3 Monthly Rolling Average -Monthly Change in Avg Sold Vaule
		Ada	Canyon	Ada	Canyon
2004	Qtr4	$ 195,114	$ 116,765	1.12%	1.28%
2005	Qtr1	$ 199,301	$ 116,025	0.69%	0.65%
2005	Qtr2	$ 208,880	$ 123,318	0.64%	0.65%
2005	Qtr3	$ 225,897	$ 137,601	1.31%	1.49%
2005	Qtr4	$ 237,497	$ 146,265	1.60%	2.17%
2006	Qtr1	$ 250,175	$ 155,659	1.65%	2.19%
2006	Qtr2	$ 259,450	$ 169,130	1.24%	1.91%
2006	Qtr3	$ 274,459	$ 172,789	1.30%	1.51%
2006	Qtr4	$ 269,111	$ 175,219	0.63%	1.05%
2007	Qtr1	$ 259,677	$ 172,714	0.01%	0.18%
2007	Qtr2	$ 270,393	$ 170,957	-0.12%	-0.09%
2007	Qtr3	$ 271,071	$ 171,240	0.06%	-0.19%
2007	Qtr4	$ 255,809	$ 165,441	-0.12%	-0.35%
2008	Qtr1	$ 244,142	$ 157,895	-0.81%	-0.64%
2008	Qtr2	$ 246,323	$ 152,032	-0.76%	-0.93%
2008	Qtr3	$ 239,713	$ 149,347	-0.52%	-0.81%
2008	Qtr4	$ 224,104	$ 139,156	-0.68%	-0.99%
2009	Qtr1	$ 208,687	$ 127,007	-1.27%	-1.37%
2009	Qtr2	$ 203,790	$ 119,268	-1.25%	-1.68%
2009	Qtr3	$ 197,472	$ 114,069	-0.99%	-1.50%
2009	Qtr4	$ 188,866	$ 108,972	-0.79%	-1.18%
2010	Qtr1	$ 187,118	$ 105,225	-0.68%	-0.98%
2010	Qtr2	$ 179,690	$ 101,376	-0.75%	-0.93%
2010	Qtr3	$ 188,916	$ 92,265	0.00%	-1.28%

((2010 QTR3 / 2009 QTR4) - 1 )/ 12 months = Percent Per Month

(($188,916 / $188,866 ) - 1 / 12 = 0% , Hence Stable Market

I would like to see two QTRs of at or above 0%