Quote:
Originally Posted by FlyingScot
If you take a look at your waterfront house's value on Zillow, or walk by a realtor and read the postings in the window, or Google Winnipesaukee real estate listings, you will be shocked at the increase in values. You could spend a few days on spreadsheets, or just acknowledge that 15-20% sounds about right.
As I posted earlier, it is a surprise that building values, at least in one case, are up only 1%.
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Each time a waterfront property sells for full price and the house gets bulldozed and replaced, the relative values of buildings certainly goes down. We are now seeing full houses being bulldozed, not just unheated, unplumbed, camps.