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Measuring Asking Prices By Assessed Values In The City of Harrisonburg |
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![]() I showed four homes in the City of Harrisonburg this afternoon to one of my buyer clients, and as my clients and I viewed the homes we sensed a very strange relationship between asking prices and our perception of their value. That is to say that we didn't sense much of a correlation between what the owners were asking for the houses and what we thought they were worth. To explore the relationship (somewhat) objectively, I thought I'd compare the asking prices to assessed values. But first, here is how sale prices and assessed values compare for the last three sales in the City of Harrisonburg between $240k and $260k. Sold properties are selling for 97% of assessed value --- based on an unreasonably small sample size of three properties:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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