Real estate in Des Moines drops in value
Posted on Tuesday, April 19th, 2011 at 7:25 pm
In Des Moines and Polk County, real estate values have experienced a consistent decline. Experts say that the declines are not major, but they are widespread throughout the area.
About 4 out of every 5 residences in Polk County had their assessed value drop since their last assessments in 2009. Approximately 50 percent of commercial properties also saw their assessed value drop. Properties in downtown Des Moines were devalued by up to 28 percent.
On the contrary, agricultural property and real estate in Polk County had an increased assessed value of 12.8 percent and industrial real estate saw no change.
If you or someone you know needs legal representation in handling matters of real estate business litigation, contact the Des Moines real estate litigation attorneys of LaMarca Law Group, P.C. at (877) 327-2600 and set up an appointment to meet with one of our lawyers today.