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Sunshine Coast & Bowen Island - 2014 Property Assessment - Printable Version +- Vancouver Peak (http://vancouverpeak.com) +-- Forum: Data and Statistics (http://vancouverpeak.com/forumdisplay.php?fid=6) +--- Forum: Sunshine Coast Data (http://vancouverpeak.com/forumdisplay.php?fid=12) +--- Thread: Sunshine Coast & Bowen Island - 2014 Property Assessment (/showthread.php?tid=5242) |
Sunshine Coast & Bowen Island - 2014 Property Assessment - Skook - 03-09-2014 I prepared the images and tables for this post as soon as BC Assessments sent out its 2014 press release back in early January; however, I sat on the data because I wanted to see the Coast Reporter’s follow-up piece (its main weekly newspaper). In the past, the CR has reported on Sunshine Coast assessment values for areas outside of Gibsons and Sechelt; unfortunately, not this year. So, it’s time to get this data up in the forum. I’ll begin with two images from a Global News piece. On the left, we can see how representative Gibsons and Sechelt waterfront and non-waterfront property assessments stand compared to each other and to other areas of the province. On the right is a very interesting chart that shows Sechelt non-waterfront property assessment experienced the third steepest decline in the province. (Note: 2014 Property Assessment is based on the July 1, 2013 market value). The tables below the local market trends and I have included 2012 data to make it more interesting. The reason for including Bowen Island data is that I think both the SC & BI have much in common: both are attractive to mainland buyers wanting to escape the city, both have a commuter population and both are feeling the impact of rising ferry costs. (You can read a more in depth explanation mid-way down this post - look for the MLS Home Price Index Table image). Here is the Coast Reporter story on 2014 Assessments: Quote:Property values inch down for second year RE: Sunshine Coast & Bowen Island - 2014 Property Assessment - JimmyWW - 03-10-2014 More gold, Skook. I intend to buy you a Drambuie one of these fine days! Jimmy RE: Sunshine Coast & Bowen Island - 2014 Property Assessment - Skook - 03-10-2014 Your're on... RE: Sunshine Coast & Bowen Island - 2014 Property Assessment - JimmyWW - 04-17-2014 Jedi Master Skook called it, and so it is: the collapse begins on Bowen. First offered to the market at $3,288,888 million dollars - 1355 Adams Road - now yours for a measly $1,288,888 m. http://bowenislandrealestate.info/homes.html And to a point made elsewhere on this blog, some land is relisting at 10-15% below previous list price. "We shall overcome..." JimmyW RE: Sunshine Coast & Bowen Island - 2014 Property Assessment - Skook - 04-17-2014 Jimmy, since you're keeping a close eye on BI prices, why not start a new SC thread and call it 'Bowen Island Price Drop' and post your observations there. I am sure there will be many interested in this info and having a thread dedicated to it makes sense. Thanks for keeping us up to date - great work. Yoda Skook RE: Sunshine Coast & Bowen Island - 2014 Property Assessment - JimmyWW - 04-17-2014 Great idea Master YodaSkook - as long as no realtors go Boba Fett on me as result of my posts! More soon - JimmEwok (04-17-2014, 05:52 AM)Skook Wrote: Jimmy, since you're keeping a close eye on BI prices, why not start a new SC thread and call it 'Bowen Island Price Drop' and post your observations there. |