2015 Market Analysis

The sales analysis for the assessment year has been wrapped up. In general, the residential real estate market was quite strong this year (July 1st, 2014 – June 30th, 2015) as indicated by both the volume of sales and sale prices.  The Market Value increases vary in Cypress County because the large area. A big county like ours tend to have many market locations (neighbourhoods) that perform differently as buyers and seller select their perfect place to call home.  A few of the highlights include median changes of:

    Dunmore             +10.8%

 Desert Blume       +3.3%

 Elkwater              -3.1%

                    Other Areas          +1.2% to +15.55%

*These are typical changes for the overall areas; the actual results of your property may vary. The sales used to calculate your assessment are from July 1st 2014 to June 30th, 2015. The valuation date is July 1st, 2015.

The market strength in Dunmore continues to impress as new homes were constructed and sale prices grew 10.8% greater than previously assessed values. Residential land values in rural areas also saw the largest percentage increases.  

This is a map (some web browsers will experience issues, please download map to your desktop for better view) of the market locations. Locations have been determined over the years through groups of sales where similar properties sell for the same amount. Other supporting variables considered when determining market locations are distance to shopping centers, major employers (such as the hospital) and appraisal opinion. A residential sales sheet, including improved sales between July 1st, 2012 through June 30th, 2015 can be used to compare your property. The sales sheet indicates the market location of the sale which refers to the map.