Real Estate Appreciation for Bremerton Silverdale, Washington: + 37.48%
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 Bremerton Silverdale, Washington MSA appreciated + 37.48% (+ 9.37% yearly) for the period between 2001 and the end of 2004.
The state had + 26.80% total appreciation (+ 6.70% yearly).
The Bremerton Silverdale, Washington 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.
Bremerton-Silverdale-WA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 127.62 | + 0.76% | + 3.03% |
| 2001 | 3 | 128.74 | + 0.88% | + 3.51% |
| 2001 | 4 | 130.58 | + 1.43% | + 5.72% |
| 2002 | 1 | 132.43 | + 1.42% | + 5.67% |
| 2002 | 2 | 135.13 | + 2.04% | + 8.16% |
| 2002 | 3 | 137.51 | + 1.76% | + 7.05% |
| 2002 | 4 | 139.31 | + 1.31% | + 5.24% |
| 2003 | 1 | 140.54 | + 0.88% | + 3.53% |
| 2003 | 2 | 142.18 | + 1.17% | + 4.67% |
| 2003 | 3 | 145.19 | + 2.12% | + 8.47% |
| 2003 | 4 | 150 | + 3.31% | + 13.25% |
| 2004 | 1 | 154.05 | + 2.70% | + 10.80% |
| 2004 | 2 | 158.95 | + 3.18% | + 12.72% |
| 2004 | 3 | 168.71 | + 6.14% | + 24.56% |
| 2004 | 4 | 174.13 | + 3.21% | + 12.85% |
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 Bremerton-Silverdale-WA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Washington, you can do some research at Spec-Loan.com.
If you were going to do a Bainbridge Island, Washington Refinance, or Bainbridge Island, Washington Reverse Mortgages, you could estimate your home value.
If you knew your Bainbridge Island, Washington home was worth $105,000.00 in 2001, you could multiply by + 37.48%, add the gain and see the home should be worth $144,352.20 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bremerton-Silverdale-WA from 2001 to 2004:
+ 9.37%
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: 98110 - BAINBRIDGE ISLAND, WA
MSA Pop: 240719Zip Pop: 20308
Avg Value: 322400
County: KITSAP
Elev: 152
Region: West
Lat: 47.648276
Long: -122.529633