Real Estate Appreciation for Bend, Oregon: + 21.57%
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 Bend, Oregon MSA appreciated + 21.57% (+ 7.19% yearly) for the period between 2001 and the end of 2003.
The state had + 14.04% total appreciation (+ 4.68% yearly).
The Bend, Oregon MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Bend-OR
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 142.34 | + 1.60% | + 6.40% |
| 2001 | 3 | 145.16 | + 1.98% | + 7.92% |
| 2001 | 4 | 146.53 | + 0.94% | + 3.78% |
| 2002 | 1 | 149.68 | + 2.15% | + 8.60% |
| 2002 | 2 | 153.17 | + 2.33% | + 9.33% |
| 2002 | 3 | 155.29 | + 1.38% | + 5.54% |
| 2002 | 4 | 158.12 | + 1.82% | + 7.29% |
| 2003 | 1 | 160.98 | + 1.81% | + 7.24% |
| 2003 | 2 | 162.69 | + 1.06% | + 4.25% |
| 2003 | 3 | 165.59 | + 1.78% | + 7.13% |
| 2003 | 4 | 170.32 | + 2.86% | + 11.43% |
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 Bend-OR here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Oregon, you can do some research at Spec-Loan.com.
If you were going to do a Bend, Oregon Refinance, or Bend, Oregon Reverse Mortgages, you could estimate your home value.
If you knew your Bend, Oregon home was worth $104,000.00 in 2001, you could multiply by + 21.57%, add the gain and see the home should be worth $126,433.12 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bend-OR from 2001 to 2003:
+ 7.19%
Appreciation Comparisons
The worst 5 MSAs from 2001 to 2003 were Ogden-Clearfield-UT, Logan-UT-ID, Provo-Orem-UT, Austin-Round-Rock-TX, and Jackson-TN .
- Ogden-Clearfield-UT only increased + 2.75% between 2001 and 2003
- Logan-UT-ID only increased + 2.82% between 2001 and 2003
- Provo-Orem-UT only increased + 2.87% between 2001 and 2003
- Austin-Round-Rock-TX only increased + 3.75% between 2001 and 2003
- Jackson-TN only increased + 3.85% between 2001 and 2003
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 97702 - BEND, OR
MSA Pop: 129492Zip Pop: 28915
Avg Value: 134500
County: DESCHUTES
Elev: 3629
Region: West
Lat: 44.020651
Long: -121.295913