|2000 Assessed Valuation||2001 Sale Price||2002 Assessed Valuation|
The table above includes single family properties and duplexes. These are accurate, even when assessed valuation does not reach sale price. An assessor, who has done many Riverwest properties, said he had observed that many properties are being sold for more than the asking price, some the same day they were offered. He further noted that the increased valuation provided the owner with equity on which he or she could borrow to upgrade the property. A property owner may call and obtain the comparable properties for his or her property. The question this poses is how financial diversity can be maintained in a neighborhood in which housing prices are skyrocketing.