Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Bethesda Gaithersburg Frederick, Maryland MSA appreciation it was + 18.38% (+ 9.19% yearly) from 2000 to 2001.

During the same time period, MD had + 13.76% (+ 6.88% yearly). You can see that the Bethesda Gaithersburg Frederick, Maryland MSA experienced higher appreciation in this case.

Bethesda-Gaithersburg-Frederick-MD

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2000 2 116.82 + 1.86% + 7.43%
2000 3 119.44 + 2.24% + 8.97%
2000 4 121.51 + 1.73% + 6.93%
2001 1 125.06 + 2.92% + 11.69%
2001 2 128.28 + 2.57% + 10.30%
2001 3 133.17 + 3.81% + 15.25%
2001 4 135.77 + 1.95% + 7.81%