Real Estate Appreciation for Atlantic City, New Jersey: + 9.70%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Atlantic City, New Jersey did compared to the state as a whole.
The Atlantic City, New Jersey MSA property value change was + 9.70% (+ 4.85% yearly).
All of the property in NJ averaged + 6.73% change in value (+ 3.36% yearly).
Atlantic-City-NJ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 107.52 | + 2.58% | + 10.30% |
| 1997 | 3 | 107.64 | + 0.11% | + 0.45% |
| 1997 | 4 | 108.91 | + 1.18% | + 4.72% |
| 1998 | 1 | 111.48 | + 2.36% | + 9.44% |
| 1998 | 2 | 111.64 | + 0.14% | + 0.57% |
| 1998 | 3 | 113.79 | + 1.93% | + 7.70% |
| 1998 | 4 | 114.99 | + 1.05% | + 4.22% |
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 Atlantic-City-NJ here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New Jersey, you can do some research at Spec-Loan.com.
If you were going to do a Hammonton, New Jersey Refinance, or Hammonton, New Jersey Reverse Mortgages, you could estimate your home value.
If you knew your Hammonton, New Jersey home was worth $95,000.00 in 1997, you could multiply by + 9.70%, add the gain and see the home should be worth $104,217.23 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Atlantic-City-NJ from 1997 to 1998:
+ 4.85%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
- San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
- Gadsden-AL increased + 14.96% from 1997 to the end of 1998
- Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998
Zip Code in MSA: 8037 - HAMMONTON, NJ
MSA Pop: 263410Zip Pop: 22461
Avg Value: 120600
County: ATLANTIC
Elev: 12
Region: Northeast
Lat: 39.629954
Long: -74.770143