Real Estate Appreciation for Bridgeport Stamford Norwalk, Connecticut: + 42.76%
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 Bridgeport Stamford Norwalk, Connecticut MSA appreciated + 42.76% (+ 10.69% yearly) for the period between 1981 and the end of 1984.
The state had + 37.28% total appreciation (+ 9.32% yearly).
The Bridgeport Stamford Norwalk, Connecticut 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.
Bridgeport-Stamford-Norwalk-CT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1981 | 2 | 48.37 | + 6.28% | + 25.14% |
| 1981 | 3 | 52.33 | + 8.19% | + 32.75% |
| 1981 | 4 | 50.59 | - 3.33% | - 13.30% |
| 1982 | 1 | 50.7 | + 0.22% | + 0.87% |
| 1982 | 2 | 50.46 | - 0.47% | - 1.89% |
| 1982 | 3 | 49.15 | - 2.60% | - 10.38% |
| 1982 | 4 | 50.22 | + 2.18% | + 8.71% |
| 1983 | 1 | 52.08 | + 3.70% | + 14.81% |
| 1983 | 2 | 51.89 | - 0.36% | - 1.46% |
| 1983 | 3 | 53.18 | + 2.49% | + 9.94% |
| 1983 | 4 | 54.32 | + 2.14% | + 8.57% |
| 1984 | 1 | 57.75 | + 6.31% | + 25.26% |
| 1984 | 2 | 60.52 | + 4.80% | + 19.19% |
| 1984 | 3 | 64.2 | + 6.08% | + 24.32% |
| 1984 | 4 | 64.97 | + 1.20% | + 4.80% |
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 Bridgeport-Stamford-Norwalk-CT here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Connecticut, you can do some research at Spec-Loan.com.
If you were going to do a Monroe, Connecticut Refinance, or Monroe, Connecticut Reverse Mortgages, you could estimate your home value.
If you knew your Monroe, Connecticut home was worth $65,000.00 in 1981, you could multiply by + 42.76%, add the gain and see the home should be worth $92,793.89 in 1984. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bridgeport-Stamford-Norwalk-CT from 1981 to 1984:
+ 10.69%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1981 to 1984 were Springfield-MA, Worcester-MA, Austin-Round-Rock-TX, Providence-New-Bedford-Fall-River-RI-MA, and Bridgeport-Stamford-Norwalk-CT .
- Springfield-MA increased + 67.12% from 1981 to the end of 1984
- Worcester-MA increased + 54.77% from 1981 to the end of 1984
- Austin-Round-Rock-TX increased + 44.49% from 1981 to the end of 1984
- Providence-New-Bedford-Fall-River-RI-MA increased + 43.72% from 1981 to the end of 1984
- Bridgeport-Stamford-Norwalk-CT increased + 42.76% from 1981 to the end of 1984
Zip Code in MSA: 6468 - MONROE, CT
MSA Pop: 899152Zip Pop: 19247
Avg Value: 253500
County: FAIRFIELD
Elev: 9
Region: Northeast
Lat: 41.3409
Long: -73.23444