Real Estate Appreciation for Augusta Richmond County, Georgia, South Carlina: + 3.22%
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 Augusta Richmond County, Georgia, South Carlina MSA appreciated + 3.22% (+ 1.61% yearly) for the period between 1999 and the end of 2000.
The state had + 11.09% total appreciation (+ 5.54% yearly).
The state average for Georgia was higher than the real estate appreciation in the Augusta Richmond County, Georgia, South Carlina 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 +244.59% faster than this MSA.
Augusta-Richmond-County-GA-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 113.73 | - 0.54% | - 2.17% |
| 1999 | 3 | 114.35 | + 0.55% | + 2.18% |
| 1999 | 4 | 113.86 | - 0.43% | - 1.71% |
| 2000 | 1 | 114.66 | + 0.70% | + 2.81% |
| 2000 | 2 | 115.46 | + 0.70% | + 2.79% |
| 2000 | 3 | 117.15 | + 1.46% | + 5.85% |
| 2000 | 4 | 118.03 | + 0.75% | + 3.00% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Monetta, Georgia Refinance, or Monetta, Georgia Reverse Mortgages, you could estimate your home value.
If you knew your Monetta, Georgia home was worth $99,000.00 in 1999, you could multiply by + 3.22%, add the gain and see the home should be worth $102,186.01 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Augusta-Richmond-County-GA-SC from 1999 to 2000:
+ 1.61%
Appreciation Comparisons
The worst 5 MSAs from 1999 to 2000 were Midland-TX, Coeur-d'Alene-ID, Wenatchee-WA, Lewiston-ID-WA, and Lawton-OK .
- Midland-TX decreased by - 2.50% between 1999 and 2000
- Coeur-d'Alene-ID decreased by - 2.19% between 1999 and 2000
- Wenatchee-WA decreased by - 1.05% between 1999 and 2000
- Lewiston-ID-WA decreased by - 0.85% between 1999 and 2000
- Lawton-OK decreased by - 0.79% between 1999 and 2000
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
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
Zip Code in MSA: 29105 - MONETTA, SC
MSA Pop: 511487Zip Pop: 1203
Avg Value: 39200
County: AIKEN
Elev: 490
Region: South
Lat: 33.756063
Long: -81.557694