Generally, I believe local housing prices increase based on economic growth which incrementally increases jobs development, local municipality sales tax income and/or the ability to attract inter-city migratory sales.
Now, this all "sounds good on paper" but it's very hard to arrive at an accurate answer using a formula that has 8 unknown variables and 2 constants!
The answer on whether any local housing will show increased or decreased values is always up to the changing forces of housing supply and demand. Paragon certainly influences over time; however, I'm betting a much larger mixture of macro-economic forces will decide various and cyclical housing value outcomes over and over again.
The Kruschke Team
At this point the mall looks attractive, and I think most folks will consider it a benefit with some inconveniences.