Real estate chatter in Buena Vista over the last few months has been about how far will property values drop as a result of the nation-wide real estate upheaval. Well some results just arrived in the mail from the county assessor and from all the folks I have talked to the county values are up and quite noticeably…in some cases 30% or so.
I recall the last time the valuations came out they seemed a bit high, but the market soon caught up with them. Will that be the case this time? Are property values really up that much here? None of us in the business thought there would be much of a drop, if any. Time will tell how this will pan out and once property sales pick up, we’ll have an idea of what the market is thinking…for now we know what the assessor is thinking.
