In my ongoing study of the marketplace, I look at the sale price per square foot as a more reliable home value indicator than simply sale price.
The interesting booming housing market of 2013-2014, followed by the economic uncertainty due to the Oil price drop in 2015-2016 has resulted in the average home values north of 20th street to continue to be steady, in the high $200s per square foot and pretty stable I would say.
I dug into the numbers specifically for this area and my analysis shows that 2015 may have been an anomaly and even though our economy took a hit, house prices remain strong with only a 3% fluctuation per year; I am confident that we will continue to see home values rise north of 20th street again. In other words, your property is still as valuable as ever. Now that the secret is out that the pocket of the Heights north of 20th street has all of the amenities of its southern neighbors, but where you can get a little more house for your dollar, buyers will keep looking in this area.
Just wanted to share these interesting statistics. If you're curious to learn more, you can always feel free to contact me at:
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