Home values in the Vancouver region skyrocketed in the latest BC Assessment data, with the snapshot from mid-2016 capturing the housing market before it cooled off. Recent real estate appraisals have shown that property values are not impacted because a cell site is nearby and in fact the opposite may be true. The Home Values Index provides monthly capital growth measurements across three broad housing types: detached houses, units and a combined dwellings index that includes both houses and units.
All that keeps coming to mind when thinking about using county data” is you have got to be kidding me. The values from one county to the next in my area varies tremendously! The most extreme example is metropolitan New York, where median condo values are now at 138 percent of median single-family detached home values.
The median home value in the area rose 4.5 percent to $175,200 in February, according to the February Zillow Real Estate Market Reports. In Green Valley Ranch, the company projected a decline of 32.7 percent, but in the trendier Sunnyside neighborhood, house values went up 15.6 percent.
Please read my previous posts to compare this information to see how the Severna Park home values are trending. Values slipped 4.1 per cent in Fort St. John in the northeast, where natural gas drilling has diminished, while coal-dependent Sparwood in the southeast saw a 9.8-per-cent decline during the latest assessment year.
Over the last fifteen years, the Bay Area has led the nation almost every year, with Los Angeles consistently ranked number two. Based on Econsult’s report, the El has also had a huge impact on housing values in University City, Center City, Fishtown, and Kensington.