Real Estate Appreciation for Burlington, North Carolina: + 5.77%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Burlington, North Carolina MSA appreciation it was + 5.77% (+ 1.92% yearly) from 2004 to 2006.
During the same time period, NC had + 19.11% (+ 6.37% yearly).
From 2004 to 2006, North Carolina outperformed the individual Burlington, North Carolina MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Burlington-NC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 138.45 | - 1.79% | - 7.15% |
| 2004 | 3 | 137.52 | - 0.67% | - 2.69% |
| 2004 | 4 | 140.47 | + 2.15% | + 8.58% |
| 2005 | 1 | 142.48 | + 1.43% | + 5.72% |
| 2005 | 2 | 142.28 | - 0.14% | - 0.56% |
| 2005 | 3 | 143.17 | + 0.63% | + 2.50% |
| 2005 | 4 | 141.81 | - 0.95% | - 3.80% |
| 2006 | 1 | 144.39 | + 1.82% | + 7.28% |
| 2006 | 2 | 146.42 | + 1.41% | + 5.62% |
| 2006 | 3 | 145.36 | - 0.72% | - 2.90% |
| 2006 | 4 | 149.1 | + 2.57% | + 10.29% |
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 Altamahaw, North Carolina Refinance, or Altamahaw, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Altamahaw, North Carolina home was worth $110,000.00 in 2004, you could multiply by + 5.77%, add the gain and see the home should be worth $116,343.90 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Burlington-NC from 2004 to 2006:
+ 1.92%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
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: 27202 - ALTAMAHAW, NC
MSA Pop: 136773Zip Pop: 24
Avg Value: 45000
County: ALAMANCE
Elev: 656
Region: South
Lat: 36.186466
Long: -79.505991