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 Charleston, West Virginia MSA appreciated + 4.29% (+ 1.43% yearly) for the period between 1999 and the end of 2001.

The state had + 8.52% total appreciation (+ 2.84% yearly). The state average for West Virginia was higher than the real estate appreciation in the Charleston, West Virginia MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 98.86% faster than this MSA.

Charleston-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1999 2 118.67 - 1.80% - 7.18%
1999 3 118.33 - 0.29% - 1.15%
1999 4 117.35 - 0.83% - 3.31%
2000 1 118.96 + 1.37% + 5.49%
2000 2 119.71 + 0.63% + 2.52%
2000 3 120.75 + 0.87% + 3.48%
2000 4 120.19 - 0.46% - 1.86%
2001 1 124.61 + 3.68% + 14.71%
2001 2 125.29 + 0.55% + 2.18%
2001 3 125.15 - 0.11% - 0.45%
2001 4 126.02 + 0.70% + 2.78%


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 Charleston-WV here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in West Virginia, you can do some research at Spec-Loan.com.

If you were going to do a Ashford, West Virginia Refinance, or Ashford, West Virginia Reverse Mortgages, you could estimate your home value.

If you knew your Ashford, West Virginia home was worth $100,000.00 in 1999, you could multiply by + 4.29%, add the gain and see the home should be worth $104,286.66 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charleston-WV from 1999 to 2001:
+ 1.43%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2001 were Salinas-CA, Santa-Rosa-Petaluma-CA, Vallejo-Fairfield-CA, Barnstable-Town-MA, and Santa-Cruz-Watsonville-CA .

  1. Salinas-CA increased + 55.48% from 1999 to the end of 2001
  2. Santa-Rosa-Petaluma-CA increased + 53.43% from 1999 to the end of 2001
  3. Vallejo-Fairfield-CA increased + 52.75% from 1999 to the end of 2001
  4. Barnstable-Town-MA increased + 51.91% from 1999 to the end of 2001
  5. Santa-Cruz-Watsonville-CA increased + 51.50% from 1999 to the end of 2001

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 .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

Zip Code in MSA: 25009 - ASHFORD, WV

MSA Pop: 306836
Zip Pop: 1651
Avg Value: 45700
County: BOONE
Elev: 704
Region: South
Lat: 38.190497
Long: -81.713408