SKAGWAY AREA ANALYSIS Sample Clauses

SKAGWAY AREA ANALYSIS. It is assumed the readers and reviewers of this report are familiar with the social and economic conditions and trends of the Skagway market. Skagway is situated at the northern most point of the inside passage in Southeast Alaska. It has historically been a transportation point connecting these protected waterways to the interior of Alaska and the Yukon Territory. Skagway is about 90 miles northwest of the state capital of Juneau. Real Estate Market Trends The increased seasonal demand has caused significant appreciation in general real estate housing and commercial land. Statistics kept for assessment adjustments show that values have gone up about 160% since 1995 for real estate land in general and over 200% for land in the central Historic Business District. The suburban Hillside District and Dyea area has not experienced the same level of overall appreciation, with assessment values increasing just 110% in the same time period. There was a 10% decline in 2010 and another 15% decline in 2011 in the assessment values for Skagway’s core town land, reflecting the market’s reaction to the decline of tourism visitation. Tourism numbers have again been increasing, and assessed values proved stable for 2012 and 2013 and gradually increased in varying degrees 2014 – 2018, depending on the area. 18-032 / Skagway Fish Co. Land Lease Update
Sample 1
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SKAGWAY AREA ANALYSIS. Real Estate Market Trends The increased seasonal demand has caused significant appreciation over the years in general real estate housing and commercial land. Statistics kept for assessment adjustments show that values have gone up about 160% since 1995 for real estate land in general and over 200% for land in the central Historic Business District. The suburban Klondike Highway Industrial District, the Hillside District, and Dyea areas have not experienced the same level of overall appreciation, with assessment values increasing by a significantly smaller percentages in the same time period. This may be due to a lack of sales that occur in these areas on an annual basis. There was a 10% decline in 2010 and another 15% decline in 2011 in the assessment values for Skagway’s town core land, reflecting the market’s reaction to the decline of tourism visitation. Tourism numbers have again been increasing, and assessed values proved stable for 2012 and 2013 and gradually increased in varying degrees 2014 – 2018, depending on the area.
Sample 1

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