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 + 10.32% (+ 3.44% yearly) for the period between 2001 and the end of 2003.

The state had + 12.83% total appreciation (+ 4.28% 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 + 24.26% faster than this MSA.

Albuquerque-NM

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 113.96 + 0.64% + 2.58%
2001 3 114.55 + 0.52% + 2.07%
2001 4 115.47 + 0.80% + 3.21%
2002 1 115.8 + 0.29% + 1.14%
2002 2 116.76 + 0.83% + 3.32%
2002 3 118.29 + 1.31% + 5.24%
2002 4 119.18 + 0.75% + 3.01%
2003 1 120.23 + 0.88% + 3.52%
2003 2 121.64 + 1.17% + 4.69%
2003 3 122.59 + 0.78% + 3.12%
2003 4 124.92 + 1.90% + 7.60%


If you need information on Hard Money Rehab Loans in Algodones, New Mexico look 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 $104,000.00 in 2001, you could multiply by + 10.32%, add the gain and see the home should be worth $114,737.08 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2001 to 2003:
+ 3.44%

Appreciation Comparisons

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

The top 5 performing MSAs from 2001 to 2003 were Yuba-City-CA, Chico-CA, Fresno-CA, Redding-CA, and Madera-CA .

  1. Yuba-City-CA increased + 53.06% from 2001 to the end of 2003
  2. Chico-CA increased + 50.54% from 2001 to the end of 2003
  3. Fresno-CA increased + 50.27% from 2001 to the end of 2003
  4. Redding-CA increased + 49.39% from 2001 to the end of 2003
  5. Madera-CA increased + 48.53% from 2001 to the end of 2003

Zip Code in MSA: 87001 - ALGODONES, NM

MSA Pop: 764869
Zip Pop: 3482
Avg Value: 102000
County: SANDOVAL
Elev: 5042
Region: West
Lat: 35.379625
Long: -106.480056