The value of real estate is affected by location, condition, and size. If I take the same one bedroom condo and place it in four different areas the price will be different. Not only will the price be different but appreciation also varies by area and property type.
The table shows the average price of a one bedroom condo in 2018. The percentage is the average amount a one bedroom condo in each of the areas has appreciated since 2013.
Blanket statements about appreciation or real estate values are just a guide. The location and number of bedrooms, size, and condition of the property have a significant impact on value and future value for that matter.
