We have created a new tool where you can see the recent 'valid' real estate sales in your neighborhood. These are the sales that our appraisers reviewed when updating your property’s value.
We have outlined around 1,350 neighborhoods for the purposes of this project. Each neighborhood is a grouping of properties with similar characteristics in the same geographic location. You can use the new tool to see the neighborhood your property is in.
You will only see 'valid' sales on our sales dashboard, because those are the sales when we are establishing new values. A valid sale is when a property is put on the open market, with a willing buyer and a willing seller. If there was a sign in the yard or a listing online, there is a good chance that we consider the sale to be a valid sale.
Examples of invalid sales include:
- Sales between family members
- Multi-property sales
- Sheriff's sales
- Bank sales
- Foreclosure auctions
- Transfers on quit-claim deeds