On myDedham, Brian compares the sale prices of the first 13 houses sold in town this year with the values listed in town assessing records. Even taking out the outliers, the average is 18% less than assessed values.
Assessed values and market values have never been equal in Dedham or any other town that I have worked in selling homes. When prices are going up, assessed values lag and vice versa. Prices in Dedham are down approx. 11 % from the peak of 2005. If you would like to get accurate sales information on the Dedham home market, go to dedhamrealestate411.com and read the 4th Quarter and year end review post.
Comments
Assessed Value vs. Market Value
By Jay Donahue (not verified) - 2/7/08 - 7:36 pm
Assessed values and market values have never been equal in Dedham or any other town that I have worked in selling homes. When prices are going up, assessed values lag and vice versa. Prices in Dedham are down approx. 11 % from the peak of 2005. If you would like to get accurate sales information on the Dedham home market, go to dedhamrealestate411.com and read the 4th Quarter and year end review post.