Assessed values being adjusted in Anacortes

A quick conversation with the Skagit County Assessors Office confirmed that while they are not done with the process of doing their analysis, it does look like they will be adjusting down a good amount of the residential properties in Anacortes by around 10% and some possibly¬†down¬†by 15%. At this point there is no way to find out if your property is one that will be adjusted down, so don’t bother burning up the phone lines, but in the relatively near future we will see a change to a good deal of the properties not only here in Anacortes, but in select other areas in Skagit County. I’ll post more when this happens.

Year to date, on sales reported in the North West Multiple Listing Service, homes in Anacortes have been selling on average at 98% of their assessed value. Earlier in the year we were at 94%, so this number is creeping in the right direction. This does not include sales that were not Realtor assisted, and that number I would guess is much lower as there are a few foreclosure sales that will drag it down.

Just a general note for you is that market activety is up, showings are up and people are on the move!

Comments

  1. Anacortes Dave says:

    Year to date, on sales reported in the North West Multiple Listing Service, homes in Anacortes have been selling on average at 98% of their assessed value

    Thanks Nate, this is good information, although I am not sure what ‘people on the move’ means.

    Translation for sellers: Pricing at 40% above assessed value is not going to sell your home.