Apprasial Notes

MARKET ANALYSIS OF 4-8 FAMILY DWELLINGS Lowell

The above analysis indicates values dropped significantly over 2007 but appear to have somewhat stabilized over 2008. Value per square foot dropped in all four periods as did value per room. Value per unit, which is typically given the most weight in the market area dropped significantly over 2007 but stabilized in 2008. Values have been impacted by foreclosures in the market area, which has pushed values downward coupled by the economic slowdown