Real Estate Dangers
Adding an ugly scar in such a visible location would also have a horrible effect on real estate values wherever the excavation can be seen. Improvements in home sales prices were recently described by the Azusa city manager on the city website (taken from the Azusa city website on March 9, 2005:
Azusa now tops all of Los Angeles County in improved home values.
According to the latest figures from the California Association of Realtors, the median home sales price in Azusa rose to $293,000, an increase of 139% in less than five years.
Compare with some of our San Gabriel Valley neighbors:
- 139% Azusa
- 95% West Covina
- 86% Covina
- 74% Monrovia
- 71% Pasadena
- 66% Glendora
Home values are not the only thing going up in town. Over the past two years, Azusa led all 88 cities in the County with the highest increase in assessed valuation of all property at nearly 20%. In addition to nearly 500 new single-family homes and 850,000 square feet of commercial flex space developed, plans are moving forward on a number of fronts for additional improvements.
The hard work of increased home values would be ruined as real estate values drop when buyers see the view of a disfigured mountain. When the whole front of this mountain is scraped off it will be visible for many miles and much uglier than the existing pit, especially from Azusa and Duarte, the closest cities. It will be much more difficult to sell a house with that kind of view, and the appraised value will be much lower than if you had a beautiful view of an undisturbed mountain. Ask any real estate agent.
All information and images provided by Save Our Canyon
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