Real Estate Appreciation for Burlington, North Carolina: + 15.12%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Burlington, North Carolina: + 15.12%
- State of NC: + 16.89%
- Difference: - 10.48%
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 106.09 | + 0.48% | + 1.93% |
| 1996 | 3 | 107.38 | + 1.22% | + 4.86% |
| 1996 | 4 | 108.08 | + 0.65% | + 2.61% |
| 1997 | 1 | 109.39 | + 1.21% | + 4.85% |
| 1997 | 2 | 110.62 | + 1.12% | + 4.50% |
| 1997 | 3 | 110.9 | + 0.25% | + 1.01% |
| 1997 | 4 | 113.49 | + 2.34% | + 9.34% |
| 1998 | 1 | 115.61 | + 1.87% | + 7.47% |
| 1998 | 2 | 116.52 | + 0.79% | + 3.15% |
| 1998 | 3 | 117.84 | + 1.13% | + 4.53% |
| 1998 | 4 | 119.07 | + 1.04% | + 4.18% |
| 1999 | 1 | 121.01 | + 1.63% | + 6.52% |
| 1999 | 2 | 120.16 | - 0.70% | - 2.81% |
| 1999 | 3 | 120.2 | + 0.03% | + 0.13% |
| 1999 | 4 | 121.54 | + 1.11% | + 4.46% |
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 Burlington-NC here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in North Carolina, you can do some research at Spec-Loan.com.
If you were going to do a Burlington, North Carolina Refinance, or Burlington, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Burlington, North Carolina home was worth $95,000.00 in 1996, you could multiply by + 15.12%, add the gain and see the home should be worth $109,360.67 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 1996 to 1999:
+ 3.78%
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 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
Zip Code in MSA: 27215 - BURLINGTON, NC
MSA Pop: 136773Zip Pop: 33439
Avg Value: 121800
County: ALAMANCE
Elev: 656
Region: South
Lat: 36.03342
Long: -79.49088