San Francisco
Date of death during a declining market
When the valuation date falls in a falling market and current prices are a poor substitute for that earlier moment.
In San Francisco, dense-city houses, flats, and small multi-unit buildings leave timing and documentation problems that combine neighborhood market history with conversions, incomplete records, and missing photos. Date of death during a declining market is one of the timing and documentation situations that regularly shows up in estate work here.
Declining-market dates need period neighborhood evidence from that downturn.
For this San Francisco situation, confirm the exact effective date; period sales from that downturn matter more than current asking prices.
Declining-market dates are exactly why current prices fail as substitutes. Period evidence from that downturn has to carry the analysis.
James provides independent residential appraisal for appropriate retrospective and current assignments. He does not provide legal, tax, title, or estate-administration advice; effective dates and intended use should be confirmed with the attorney, CPA, and other Core 4 professionals.