Real Estate Appreciation for Charlottesville, Virginia: + 14.23%
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 Charlottesville, Virginia MSA appreciated + 14.23% (+ 7.11% yearly) for the period between 2001 and the end of 2002.
The state had + 15.47% total appreciation (+ 7.73% yearly).
The state average for VIrginia was higher than the real estate appreciation in the Charlottesville, 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 + 8.70% faster than this MSA.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 133.38 | + 2.47% | + 9.90% |
| 2001 | 3 | 136.9 | + 2.64% | + 10.56% |
| 2001 | 4 | 136.89 | - 0.01% | - 0.03% |
| 2002 | 1 | 140.15 | + 2.38% | + 9.53% |
| 2002 | 2 | 144.8 | + 3.32% | + 13.27% |
| 2002 | 3 | 148.24 | + 2.38% | + 9.50% |
| 2002 | 4 | 148.68 | + 0.30% | + 1.19% |
There are a lot of ways to use the appreciation data for Charlottesville, Virginia .
Lets look at Charlottesville, VIrginia, a city located in Charlottesville, Virginia MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Charlottesville, VIrginia check out 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 $103,000.00 in 2001, you could multiply by + 14.23%, add the gain and see the home should be worth $117,655.50 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2001 to 2002:
+ 7.11%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .
- Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
- Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
- Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
- Chico-CA increased + 27.31% from 2001 to the end of 2002
Zip Code in MSA: 22901 - CHARLOTTESVILLE, VA
MSA Pop: 181631Zip Pop: 30753
Avg Value: 163400
County: ALBEMARLE
Elev: 0
Region: South
Lat: 38.056523
Long: -78.495851