Thread Rating:
Sunshine Coast & Bowen Island - 2014 Property Assessment
|
03-09-2014, 03:08 PM,
(This post was last modified: 03-09-2014, 03:57 PM by Skook.)
|
|||
|
|||
Sunshine Coast & Bowen Island - 2014 Property Assessment
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 |
|||
03-10-2014, 08:41 AM,
|
|||
|
|||
RE: Sunshine Coast & Bowen Island - 2014 Property Assessment
More gold, Skook. I intend to buy you a Drambuie one of these fine days! Jimmy
|
|||
03-10-2014, 09:05 AM,
|
|||
|
|||
RE: Sunshine Coast & Bowen Island - 2014 Property Assessment
Your're on...
![]() |
|||
04-17-2014, 04:23 AM,
|
|||
|
|||
RE: Sunshine Coast & Bowen Island - 2014 Property Assessment
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 |
|||
04-17-2014, 05:52 AM,
|
|||
|
|||
RE: Sunshine Coast & Bowen Island - 2014 Property Assessment
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 |
|||
04-17-2014, 06:25 AM,
|
|||
|
|||
RE: Sunshine Coast & Bowen Island - 2014 Property Assessment
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. |
|||
« Next Oldest | Next Newest »
|
Users browsing this thread: 1 Guest(s)