Sunmmerland Review info about Property Values
In Summerland, the average assessment value dropped from $444,000 in 2011 to $443,000 this year, a decrease of around 0.3 per cent.
The changing values in Summerland and the rest of the region tell the story of an ongoing economic downturn and its effects on the economy and the housing market.
At the same time, some communities, such as Oliver, Osoyoos and Princeton, have seen their assessment values increasing, suggesting that the economic outlook there is a little sunnier than elsewhere in the region.
These are communities which have either worked hard to market themselves or have acquired jobs in the past few years.
Summerland, with nearly flat property values, has fared remarkably well considering the economic conditions the community is facing.
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