On KSBY News Monday, they ran a segment asking if Diablo Canyon is causing home values to go down with what’s going on in Japan. The question is being asked because of the Reuters article saying a nuclear plant in MA is. (Go here and click the house photo to see the video report)
The segment was not ready for prime time (sorry KSBY) as no one knows if there is or will be any impact so it didn’t make sense to even try to answer the question. We are not in an area that gets many home sales each month for the statistics to answer that question. It’s going to take many months of statistics and even that might not really answer the question.
The KSBY segment focused on Avila Beach as that’s the closest to Diablo. That’s the WORST city to try to look at statistics for a trend as there has only been 2 homes and 1 condo sold so far this YEAR! Check the statistics dashboard if you want to see how few sales were in Avila Beach in 2010 too.
What I got a chuckle out of was at the end of the segment said that Avila prices have down 1/2 a percent in the last week, according to Trulia. And where did Trulia pull that number from?