Real Estate Appreciation for Bangor, Maine: + 9.35%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bangor, Maine did compared to the state as a whole.
The Bangor, Maine MSA property value change was + 9.35% (+ 2.34% yearly).
All of the property in ME averaged + 14.93% change in value (+ 3.73% yearly).
Bangor-ME
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 97.62 | - 2.38% | - 9.52% |
| 1995 | 3 | 101.97 | + 4.46% | + 17.82% |
| 1995 | 4 | 101.58 | - 0.38% | - 1.53% |
| 1996 | 1 | 104.38 | + 2.76% | + 11.03% |
| 1996 | 2 | 102.24 | - 2.05% | - 8.20% |
| 1996 | 3 | 101.84 | - 0.39% | - 1.56% |
| 1996 | 4 | 101.11 | - 0.72% | - 2.87% |
| 1997 | 1 | 105.5 | + 4.34% | + 17.37% |
| 1997 | 2 | 102.49 | - 2.85% | - 11.41% |
| 1997 | 3 | 100.33 | - 2.11% | - 8.43% |
| 1997 | 4 | 106.44 | + 6.09% | + 24.36% |
| 1998 | 1 | 109.58 | + 2.95% | + 11.80% |
| 1998 | 2 | 106.79 | - 2.55% | - 10.18% |
| 1998 | 3 | 108.52 | + 1.62% | + 6.48% |
| 1998 | 4 | 109.35 | + 0.76% | + 3.06% |
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 Bangor-ME here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Maine, you can do some research at Spec-Loan.com.
If you were going to do a Bangor, Maine Refinance, or Bangor, Maine Reverse Mortgages, you could estimate your home value.
If you knew your Bangor, Maine home was worth $93,000.00 in 1995, you could multiply by + 9.35%, add the gain and see the home should be worth $101,695.50 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bangor-ME from 1995 to 1998:
+ 2.34%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .
- Honolulu-HI decreased by - 13.12% between 1995 and 1998
- Utica-Rome-NY only increased + 0.14% between 1995 and 1998
- Madera-CA only increased + 2.89% between 1995 and 1998
- Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
- Redding-CA only increased + 4.10% between 1995 and 1998
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 4401 - BANGOR, ME
MSA Pop: 146982Zip Pop: 40358
Avg Value: 85600
County: PENOBSCOT
Elev: 158
Region: Northeast
Lat: 44.816283
Long: -68.778771