Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 17.64%
Appreciation for MSAs:.
Let's start by comparing Blacksburg Christiansburg Radford, Virginia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 17.64% (+ 5.88% yearly) for the Blacksburg Christiansburg Radford, Virginia MSA.
The entire state of VA had + 37.48% appreciation (+ 12.49% yearly).
The state average for VIrginia was higher than the real estate appreciation in the Blacksburg Christiansburg Radford, Virginia MSA. This means the conditions in the MSA for real estate investment were worse by +112.48%.
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 140.52 | + 0.93% | + 3.71% |
| 2002 | 3 | 143.43 | + 2.07% | + 8.28% |
| 2002 | 4 | 144.38 | + 0.66% | + 2.65% |
| 2003 | 1 | 146.67 | + 1.59% | + 6.34% |
| 2003 | 2 | 147.13 | + 0.31% | + 1.25% |
| 2003 | 3 | 149.22 | + 1.42% | + 5.68% |
| 2003 | 4 | 151.98 | + 1.85% | + 7.40% |
| 2004 | 1 | 155.02 | + 2.00% | + 8.00% |
| 2004 | 2 | 158.1 | + 1.99% | + 7.95% |
| 2004 | 3 | 163.36 | + 3.33% | + 13.31% |
| 2004 | 4 | 163.79 | + 0.26% | + 1.05% |
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 Blacksburg-Christiansburg-Radford-VA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in VIrginia, you can do some research at Spec-Loan.com.
If you were going to do a Blacksburg, VIrginia Refinance, or Blacksburg, VIrginia Reverse Mortgages, you could estimate your home value.
If you knew your Blacksburg, VIrginia home was worth $106,000.00 in 2002, you could multiply by + 17.64%, add the gain and see the home should be worth $124,698.27 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2002 to 2004:
+ 5.88%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2004 were Riverside-San-Bernardino-Ontario-CA, Fresno-CA, Madera-CA, Yuba-City-CA, and Bakersfield-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 73.90% from 2002 to the end of 2004
- Fresno-CA increased + 73.13% from 2002 to the end of 2004
- Madera-CA increased + 71.44% from 2002 to the end of 2004
- Yuba-City-CA increased + 68.71% from 2002 to the end of 2004
- Bakersfield-CA increased + 67.56% from 2002 to the end of 2004
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
Zip Code in MSA: 24060 - BLACKSBURG, VA
MSA Pop: 152606Zip Pop: 48532
Avg Value: 132400
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.231182
Long: -80.415945