First $10M assessment

Property values in the Central Okanagan have jumped over the past 12 months.

Figures released by BC Assessments Tuesday show property assessments for single-family homes in the Central Okanagan have risen by between 15 and 17 per cent over 2016 values.

The Thompson-Okanagan region also saw its first $10-million single family assessment.

A 1.76-acre waterfront home at 4358 Hobson Rd. has an assessed value of $10.029 million. That's an increase of $800,000, or nearly nine per cent from 2016, when the assessed value actually dropped about $300,000.

The home, known as the Rock House, is owned by TV personality Cheryl Gillespie.

The wharf on the property is assessed at $142,000.

Sixteen homes in the area of Hobson Road, Hobson Court and Short Road have a combined value of slightly less than $100 million.

The assessed value of the priciest home in West Kelowna, No. 2 on the overall list, has nearly doubled in two years.

The waterfront home at 1683 Pritchard Dr. has risen from $5.89 million two years ago to $9.092 million in 2017.

The highest assessed home in Lake Country is a 13,000-square-foot home at 12990 Pixton Rd., assessed at $7.9 million.

Just as Hobson Road is the most affluent area in Kelowna, Whitworth Road can make that claim in West Kelowna.

Six homes on Whitworth in the top 100 have a total assessed value of $35.7 million.

Province-wide, the Okanagan doesn't make a dent in the market when it comes to home prices.

Only one property within the top 500 assessed single-family homes is located outside the Greater Vancouver area, that on Vancouver Island.

These assessments include single-family homes and homes on very small acreages, but do not necessarily reflect the price being asked on the market.

Unit 19-180 Sheerwater Court, the 39th highest assessed home in the Thompson-Okanagan at $5.748 million, is currently listed for sale at $8.995 million.

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