Real Estate Appreciation for Albuquerque, New Mexico: + 5.29%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Albuquerque, New Mexico MSA appreciated + 5.29% (+ 1.76% yearly) for the period between 1999 and the end of 2001.
The state had + 6.57% total appreciation (+ 2.19% yearly).
The state average for New Mexico was higher than the real estate appreciation in the Albuquerque, New Mexico MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 24.30% faster than this MSA.
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 109.29 | - 0.35% | - 1.39% |
| 1999 | 3 | 108.75 | - 0.49% | - 1.98% |
| 1999 | 4 | 108.83 | + 0.07% | + 0.29% |
| 2000 | 1 | 109.32 | + 0.45% | + 1.80% |
| 2000 | 2 | 109.19 | - 0.12% | - 0.48% |
| 2000 | 3 | 109.8 | + 0.56% | + 2.23% |
| 2000 | 4 | 110.57 | + 0.70% | + 2.81% |
| 2001 | 1 | 113.23 | + 2.41% | + 9.62% |
| 2001 | 2 | 113.96 | + 0.64% | + 2.58% |
| 2001 | 3 | 114.55 | + 0.52% | + 2.07% |
| 2001 | 4 | 115.47 | + 0.80% | + 3.21% |
There are a lot of ways to use the appreciation data for Albuquerque, New Mexico .
Lets look at Algodones, New Mexico, a city located in Albuquerque, New Mexico MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Algodones, New Mexico check out 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 $100,000.00 in 1999, you could multiply by + 5.29%, add the gain and see the home should be worth $105,288.59 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 1999 to 2001:
+ 1.76%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2001 were Salinas-CA, Santa-Rosa-Petaluma-CA, Vallejo-Fairfield-CA, Barnstable-Town-MA, and Santa-Cruz-Watsonville-CA .
- Salinas-CA increased + 55.48% from 1999 to the end of 2001
- Santa-Rosa-Petaluma-CA increased + 53.43% from 1999 to the end of 2001
- Vallejo-Fairfield-CA increased + 52.75% from 1999 to the end of 2001
- Barnstable-Town-MA increased + 51.91% from 1999 to the end of 2001
- Santa-Cruz-Watsonville-CA increased + 51.50% from 1999 to the end of 2001
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