Case study my Boca Raton condo last 10 year property value

Nov. 23, 2018

Introduction

It is time for me to learn how market goes up and down. I like to study my condo in Florida last 10 years property value, and I also like to look into those data and teach myself how to read the value and come out some conclusion for life decision.

Case study

First I like to show the condo last 10 years market value, assessment value, and property tax.

My baby step thinking 

I was so busy the first nine years in Canada, but I did not pay attention to learn that I need to watch the market, get into real estate market in the province of British Columbia.

I know that I was busy every year. But last 10 years I paid property tax in November. I always tried and did pay property tax in full and get 3% discount. But I never thought about that the market also showed me what to get into the market of house in Canada.

Based on the above data, I should get into house market in British Columbia in 2011 and 2012. The market is lowest in last 10 years.

Right now, if I purchase a condo in British Columbia area, and I am busy and no time to look into the Canada market, but based on my property value, I know that I must have to pay double price compared to 2011 or 2012.

2010 - the price goes down 14% from $63,000 to $54,000
2011 - the price goes down 11% from $54,000 to $48,000
2012 - the price stays same  0%  stay  $48,000
2013 - the price goes up      25% from $48,000 to $60,000
2014 - the price goes up      20% from $60,000 to $72,000
2015 - the price goes up      24% from $72,000 to $89,000
2016 - the price goes up        1% from $89,000 to $90,000 
2017 - the price goes up     3.3% from $89,000 to $90,000                       

Based on my analysis, I should start to look into those market value, and I should time the market and get into Vancouver house market in 2012 and 2013.

I was so busy with hiking, church small group activities, enjoy the food and vacation. I have to forgive myself. I never did this kind of analysis as a home owner starting from 1999.

I spent over 20 minutes to put together nice image and like to teach myself to read and learn.

Also it is very important to invest the cheapest condo as possible to reduce the risk. Investment has risk. Chilliwack condo is the perfect place to invest, but unfortunately I did not know how many cities we have here in British Columbia until last three months. So in order to be a good investor, the person should also be very educated and get familiar with the community, neighborhood cities.

I made a 22 trips to Bellingham cities to do shopping over years from 2010 to 2016. Through the analysis of my activities, I should spend time to visit Chilliwack cities, Langley and Abbotsford instead.

Reference:

1. Palm beach property appraiser, the link is here.