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Paugus Bay Resident · 10-02-2006, 01:02 PM

In terms of slip prices at MVYC, they can vary widely depending on location (as well as size of course).

A & B dock for example have a grass areas behind the slips for picnic tables, barbeques, etc. Views vary as well. It is my understanding that these factors were never considered before in terms of assesment and are now part of the equation (I was told that some valuations actually went down due to this as well).

Remember too that, while it is supposed to, assesed value and what the market is willing to pay aren't always equal. I believe assesments were also done prior to recent market corrections.

Consider the example I mentioned in my last post. It's still on the market at the reduced price (111 days). 12 months ago, it probably would have sold at that price.

The market seems to be stabilizing, but my feeling is that slips need to come down a bit more to generate any activity. In terms of sale data, there hasn't been much activity in the past 9 months. A lot of these slips however end up being private sales and don't show up in MLS.

All this will likely do is increase rental rates (if anything).

10-02-2006, 01:02 PM	#18
Paugus Bay Resident Senior Member Join Date: Sep 2003 Location: Gilmanton, NH Posts: 754 Thanks: 135 Thanked 93 Times in 51 Posts	In terms of slip prices at MVYC, they can vary widely depending on location (as well as size of course). A & B dock for example have a grass areas behind the slips for picnic tables, barbeques, etc. Views vary as well. It is my understanding that these factors were never considered before in terms of assesment and are now part of the equation (I was told that some valuations actually went down due to this as well). Remember too that, while it is supposed to, assesed value and what the market is willing to pay aren't always equal. I believe assesments were also done prior to recent market corrections. Consider the example I mentioned in my last post. It's still on the market at the reduced price (111 days). 12 months ago, it probably would have sold at that price. The market seems to be stabilizing, but my feeling is that slips need to come down a bit more to generate any activity. In terms of sale data, there hasn't been much activity in the past 9 months. A lot of these slips however end up being private sales and don't show up in MLS. All this will likely do is increase rental rates (if anything).