Real Estate Appreciation for Charlottesville, Virginia: + 39.97%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Charlottesville, Virginia MSA appreciated + 39.97% (+ 4.44% yearly) between 1993 and the end of 2001.
The state of VA had + 36.47% total appreciation (+ 4.05% yearly).
The Charlottesville, Virginia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 9.58% faster than the state as a whole.
Charlottesville-VA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
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 Charlottesville-VA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in VIrginia, you can do some research at Spec-Loan.com.
If you were going to do a Charlottesville, VIrginia Refinance, or Charlottesville, VIrginia Reverse Mortgages, you could estimate your home value.
If you knew your Charlottesville, VIrginia home was worth $94,000.00 in 1993, you could multiply by + 39.97%, add the gain and see the home should be worth $131,571.17 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1993 to 2001:
+ 4.44%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 2001 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, San-Jose-Sunnyvale-Santa-Clara-CA, and Greeley-CO .
- Boulder-CO increased +112.54% from 1993 to the end of 2001
- Denver-Aurora-CO increased +109.23% from 1993 to the end of 2001
- Fort-Collins-Loveland-CO increased +101.64% from 1993 to the end of 2001
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 97.50% from 1993 to the end of 2001
- Greeley-CO increased + 97.25% from 1993 to the end of 2001
For a 9 year period, the top 5 performing MSAs of all time are Salinas-CA, Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, and San-Diego-Carlsbad-San-Marcos-CA .
- Salinas-CA increased +251.65% from 1997 thru 2005
- Salinas-CA increased +229.40% from 1998 thru 2006
- Springfield-MA increased +229.07% from 1981 thru 1989
- Naples-Marco-Island-FL increased +227.32% from 1998 thru 2006
- San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 thru 2005
Zip Code in MSA: 22903 - CHARLOTTESVILLE, VA
MSA Pop: 181631Zip Pop: 37666
Avg Value: 146200
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 38.034566
Long: -78.518013