Real Estate Appreciation for Bridgeport Stamford Norwalk, Connecticut: + 17.88%
Appreciation for MSAs:.
Let's start by comparing Bridgeport Stamford Norwalk, Connecticut 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 + 17.88% (+ 8.94% yearly) for the Bridgeport Stamford Norwalk, Connecticut MSA.
The entire state of CT had + 17.67% appreciation (+ 8.84% yearly).
The Bridgeport Stamford Norwalk, Connecticut MSA beat out the state. by + 1.19% appreciation.
Bridgeport-Stamford-Norwalk-CT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 162.39 | + 3.09% | + 12.37% |
| 2002 | 3 | 166.77 | + 2.70% | + 10.79% |
| 2002 | 4 | 170.34 | + 2.14% | + 8.56% |
| 2003 | 1 | 172.36 | + 1.19% | + 4.74% |
| 2003 | 2 | 174.88 | + 1.46% | + 5.85% |
| 2003 | 3 | 178.72 | + 2.20% | + 8.78% |
| 2003 | 4 | 185.69 | + 3.90% | + 15.60% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Botsford, Connecticut Refinance, or Botsford, Connecticut Reverse Mortgages, you could estimate your home value.
If you knew your Botsford, Connecticut home was worth $105,000.00 in 2002, you could multiply by + 17.88%, add the gain and see the home should be worth $123,777.62 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bridgeport-Stamford-Norwalk-CT from 2002 to 2003:
+ 8.94%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 6404 - BOTSFORD, CT
MSA Pop: 899152Zip Pop: 0
Avg Value: 0
County: FAIRFIELD
Elev: 9
Region: Northeast
Lat: 41.36243
Long: -73.212589