http://calgaryrealestatereview.com/2...-begins-today/
Quote:
Wondering how the newly released assessments compare with prices of homes sold so far this month?
Ogden
Sold Price: $235,000
Assessed: $251,000
Dover
Sold Price: $238,000
Assessed: $276,000
Collingwood:
Sold Price: $265,000
Assessed: $272,000
Capital Hill
Sold Price: $300,000
Assessed: $267,000
Whitehorn
Sold Price: $304,000
Assessed: $288,500
Coventry Hills
Sold Price: $325,000
Assessed: $308,000
Taradale
Sold Price: $335,200
Assessed: $310,000
Marlborough
Sold Price: $336,500
Assessed: $308,500
Shawnessy
Sold Price: $380,000
Assessed: $364,000
Brentwood
Sold Price: $425,000
Assessed: $422,500
Royal Oak
Sold Price: $622,500
Assessed: $535,500
Signal Hill
Sold Price: $745,000
Assessed: $733,500
Altadore:
Sold Price: $830,000
Assessed: $272,500
Reason: Infill
As you can see, city assessed values do not reflect up-to-date market conditions and can’t be relied on to set current market value (Assessment is an estimate as of July 1, 2009)
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Here's the numbers that really mean something if you're wondering about the current market value of your home....
If you bought in January 2006 or earlier you are up ~38% to over 100%
If you bought in July 2006 you are up ~7%
If you bought in January 2007 you are up ~5%
If you bought in July 2007 you are down ~8%
If you bought in January 2008 you are down ~2%
If you bought in July 2008 you are down ~2%
If you bought in January 2009 you are up ~7%
If you bought in July 2009 you are up ~3%
cM