Real Estate Appreciation for Charlotte Gastonia Concord, North Carolina, South Carlina: + 6.42%
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 Charlotte Gastonia Concord, North Carolina, South Carlina MSA appreciated + 6.42% (+ 3.21% yearly) for the period between 1999 and the end of 2000.
The state had + 6.67% total appreciation (+ 3.33% yearly).
The state average for North Carolina was higher than the real estate appreciation in the Charlotte Gastonia Concord, North Carolina, South Carlina 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 + 3.87% faster than this MSA.
Charlotte-Gastonia-Concord-NC-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 125.2 | + 0.93% | + 3.71% |
| 1999 | 3 | 125.97 | + 0.62% | + 2.46% |
| 1999 | 4 | 126.88 | + 0.72% | + 2.89% |
| 2000 | 1 | 127.43 | + 0.43% | + 1.73% |
| 2000 | 2 | 129.26 | + 1.44% | + 5.74% |
| 2000 | 3 | 130.2 | + 0.73% | + 2.91% |
| 2000 | 4 | 132.01 | + 1.39% | + 5.56% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Indian Trail, North Carolina click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Charlotte Gastonia Concord, North Carolina, South Carlina.
If you were going to do a Indian Trail, North Carolina Refinance, or Indian Trail, North Carolina Reverse Mortgages, you could estimate your home value.
If you knew your Indian Trail, North Carolina home was worth $99,000.00 in 1999, you could multiply by + 6.42%, add the gain and see the home should be worth $105,352.60 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 1999 to 2000:
+ 3.21%
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
Zip Code in MSA: 28079 - INDIAN TRAIL, NC
MSA Pop: 1437427Zip Pop: 11315
Avg Value: 124900
County: UNION
Elev: 576
Region: South
Lat: 35.097816
Long: -80.629431