Blogsberger's Box

Local Market Expertise, Innovative Solutions:

Boxberger Appraisals is part of a new and innovative appraisal service being launched nationwide. Our objective is to partner with appraisal firms nationwide to create a local, regional, and national database of residential properties which are being researched, verified, and analyzed monthly against current market data and market trends. Over two hundred other appraisal firms have joined with us in this new venture.

The analysis is being done on all properties within our local market, and simultaneously in the other 200 plus firms across the country. It has been a major undertaking, in both capital and time to create and maintain the data; millions of dollars of capital, hundreds of thousands of hours of labor. By mid 2010 the database will have been completed and all software will be functioning. We are proud of our association with the venture, and the investment we are making to improve the service we can provide to our community and to our lending and other other local clients.

Zone Data Systems, LLC (ZDS) has been formed to manage and market the software, data, and resulting appraisal products on a national basis. The ZDS concept and technology were originated by Zaio in Canada. Our firm is now a partner in ZDS in the US and will market and deliver the services locally to our community and clients. Please visit www.zonedatasystems.com Geoscoring website to obtain more information on these exciting new products and services!

We are working to more effectively serve our community and clients with innovative, rapid, cost effective valuation solutions!

One Step Ahead!

Here's the latest updates to my analysis of the local market area (Milpitas - 95035, Berryessa - 95132 and 95131).

The chart below is a combination of all 3 zip codes, showing a strong improvement over the last 12 months in Sold price (the green bars) as compared to For Sale (asking, the red bars) price, although down about 10% from prices 24 months ago:

The charts for the individual zip codes are linked on my home page - click and see!  The trend is similar for all 3 zip codes, with 95132 looking the most consistently strong of the three.