The news is out about the BCAssessment Values increasing in the Capital Region. With so much media recently discussing how prices are going down, along with the general consensus from the public that prices have gone down, how can it be that BCAssessment raises the Assessed values of properties in our area? Well, I do know that BCAssessment is always looking to keep the assessment close to the current market values. Lately you may have noticed homes which are selling almost always selling for more than their assessed values. This does not happen 100% of the time, but in the case of downtown condos the sale price is typically much higher than their BCAssessment values. The market has been moving at a slow but steady pace for some time now, and I see that continuing for at least the next few months.
VLOG Post on this: http://www.youtube.com/watch?v=zlDcg_FaJbw
http://aaronhallrealestate.com/
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