SKAGWAY AREA ANALYSIS Real Estate Market Sample Clauses

SKAGWAY AREA ANALYSIS 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 – 2017, depending on the area.
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