Market Snapshot - Recent Albemarle County Asking Prices - Above Assessment

We followed a hunch and looked into the Asking Prices for some new listings in Albemarle County on a couple different days. Though Assessments have been declining for several years now, so much so that the County is having significant revenue shortfalls and cutting services, Asking Prices remain up. In many cases Asking Prices have "bubble valuation" over previous purchase price, and are also