Real Estate Appreciation for Bay City, Michigan: + 32.31%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bay City, Michigan did compared to the state as a whole.
The Bay City, Michigan MSA property value change was + 32.31% (+ 8.08% yearly).
All of the property in MI averaged + 29.63% change in value (+ 7.41% yearly).
Bay-City-MI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 102.81 | + 2.81% | + 11.24% |
| 1995 | 3 | 104.28 | + 1.43% | + 5.72% |
| 1995 | 4 | 109.07 | + 4.59% | + 18.37% |
| 1996 | 1 | 109.67 | + 0.55% | + 2.20% |
| 1996 | 2 | 112.44 | + 2.53% | + 10.10% |
| 1996 | 3 | 114.19 | + 1.56% | + 6.23% |
| 1996 | 4 | 116.66 | + 2.16% | + 8.65% |
| 1997 | 1 | 118.32 | + 1.42% | + 5.69% |
| 1997 | 2 | 120.24 | + 1.62% | + 6.49% |
| 1997 | 3 | 123.76 | + 2.93% | + 11.71% |
| 1997 | 4 | 125.65 | + 1.53% | + 6.11% |
| 1998 | 1 | 124.82 | - 0.66% | - 2.64% |
| 1998 | 2 | 130.16 | + 4.28% | + 17.11% |
| 1998 | 3 | 131.2 | + 0.80% | + 3.20% |
| 1998 | 4 | 132.31 | + 0.85% | + 3.38% |
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 Bay-City-MI here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Michigan, you can do some research at Spec-Loan.com.
If you were going to do a Bentley, Michigan Refinance, or Bentley, Michigan Reverse Mortgages, you could estimate your home value.
If you knew your Bentley, Michigan home was worth $93,000.00 in 1995, you could multiply by + 32.31%, add the gain and see the home should be worth $123,048.30 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bay-City-MI from 1995 to 1998:
+ 8.08%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 48613 - BENTLEY, MI
MSA Pop: 109452Zip Pop: 1129
Avg Value: 69000
County: BAY
Elev: 594
Region: Midwest
Lat: 43.936029
Long: -84.115118