Real Estate Appreciation for Albuquerque, New Mexico: + 15.13%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Albuquerque, New Mexico MSA appreciation it was + 15.13% (+ 5.04% yearly) from 1994 to 1996.
During the same time period, NM had + 14.09% (+ 4.70% yearly).
You can see that the Albuquerque, New Mexico MSA experienced higher appreciation in this case.
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 95.33 | + 3.59% | + 14.34% |
| 1994 | 3 | 98.12 | + 2.93% | + 11.71% |
| 1994 | 4 | 99.14 | + 1.04% | + 4.16% |
| 1995 | 1 | 100 | + 0.87% | + 3.47% |
| 1995 | 2 | 102.1 | + 2.10% | + 8.40% |
| 1995 | 3 | 104.06 | + 1.92% | + 7.68% |
| 1995 | 4 | 105.12 | + 1.02% | + 4.07% |
| 1996 | 1 | 105.62 | + 0.48% | + 1.90% |
| 1996 | 2 | 105.33 | - 0.27% | - 1.10% |
| 1996 | 3 | 105.16 | - 0.16% | - 0.65% |
| 1996 | 4 | 105.95 | + 0.75% | + 3.00% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Albuquerque-NM here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New Mexico, you can do some research at Spec-Loan.com.
If you were going to do a Algodones, New Mexico Refinance, or Algodones, New Mexico Reverse Mortgages, you could estimate your home value.
If you knew your Algodones, New Mexico home was worth $90,000.00 in 1994, you could multiply by + 15.13%, add the gain and see the home should be worth $103,612.95 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1994 to 1996:
+ 5.04%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .
- Binghamton-NY decreased by - 13.28% between 1994 and 1996
- Kingston-NY decreased by - 11.87% between 1994 and 1996
- Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
- Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
- Honolulu-HI decreased by - 9.66% between 1994 and 1996
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 87001 - ALGODONES, NM
MSA Pop: 764869Zip Pop: 3482
Avg Value: 102000
County: SANDOVAL
Elev: 5042
Region: West
Lat: 35.379625
Long: -106.480056