Real Estate Appreciation for Albuquerque, New Mexico: + 7.88%
Appreciation for MSAs:.
Let's start by comparing Albuquerque, New Mexico to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 7.88% (+ 3.94% yearly) for the Albuquerque, New Mexico MSA.
The entire state of NM had + 9.92% appreciation (+ 4.96% yearly).
The state average for New Mexico was higher than the real estate appreciation in the Albuquerque, New Mexico MSA. This means the conditions in the MSA for real estate investment were worse by + 25.92%.
Albuquerque-NM
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 $105,000.00 in 2002, you could multiply by + 7.88%, add the gain and see the home should be worth $113,269.43 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albuquerque-NM from 2002 to 2003:
+ 3.94%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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