Real Estate Appreciation for Charlotte Gastonia Concord, North Carolina, South Carlina: + 17.17%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Charlotte Gastonia Concord, North Carolina, South Carlina MSA appreciation it was + 17.17% (+ 5.72% 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 Charlotte Gastonia Concord, North Carolina, South Carlina MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Charlotte-Gastonia-Concord-NC-SC
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 146.42 | + 0.89% | + 3.56% |
| 2004 | 3 | 147.03 | + 0.42% | + 1.67% |
| 2004 | 4 | 149.36 | + 1.58% | + 6.34% |
| 2005 | 1 | 150.92 | + 1.04% | + 4.18% |
| 2005 | 2 | 151.98 | + 0.70% | + 2.81% |
| 2005 | 3 | 154.72 | + 1.80% | + 7.21% |
| 2005 | 4 | 157.16 | + 1.58% | + 6.31% |
| 2006 | 1 | 159.04 | + 1.20% | + 4.78% |
| 2006 | 2 | 162.48 | + 2.16% | + 8.65% |
| 2006 | 3 | 166.63 | + 2.55% | + 10.22% |
| 2006 | 4 | 170.05 | + 2.05% | + 8.21% |
Lets look at Indian Trail, North Carolina, a city located in Charlotte Gastonia Concord, North Carolina, South Carlina MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
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 $110,000.00 in 2004, you could multiply by + 17.17%, add the gain and see the home should be worth $128,887.89 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 2004 to 2006:
+ 5.72%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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