Steep decline in property value in Fairfield

I found these graphs astounding. It’s amazing to look back and see how the market has shifted in recent years. I know very personally it’s less than encouraging for home owners to see graphs like this, but it is what it is, right? Here are two graphs from recent research I did during an appraisal in the City of Fairfield. What do you think?

Now let’s look at all sales in the City of Fairfield over the past five years to see if the neighborhood trend above echoes the overall trend in Fairfield. Do you see any similarities or differences?

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