Real Estate Appreciation for Colorado Springs, Colorado: + 12.60%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Colorado Springs, Colorado did compared to the state as a whole.
The Colorado Springs, Colorado MSA property value change was + 12.60% (+ 4.20% yearly).
All of the property in CO averaged + 21.81% change in value (+ 7.27% yearly).
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 113.59 | + 0.87% | + 3.48% |
| 1997 | 3 | 115.14 | + 1.36% | + 5.46% |
| 1997 | 4 | 116.7 | + 1.35% | + 5.42% |
| 1998 | 1 | 118.76 | + 1.77% | + 7.06% |
| 1998 | 2 | 119.57 | + 0.68% | + 2.73% |
| 1998 | 3 | 120.8 | + 1.03% | + 4.11% |
| 1998 | 4 | 121.82 | + 0.84% | + 3.38% |
| 1999 | 1 | 122.96 | + 0.94% | + 3.74% |
| 1999 | 2 | 123.86 | + 0.73% | + 2.93% |
| 1999 | 3 | 125.22 | + 1.10% | + 4.39% |
| 1999 | 4 | 126.8 | + 1.26% | + 5.05% |
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 Colorado-Springs-CO here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Colorado, you can do some research at Spec-Loan.com.
If you were going to do a Elbert, Colorado Refinance, or Elbert, Colorado Reverse Mortgages, you could estimate your home value.
If you knew your Elbert, Colorado home was worth $96,000.00 in 1997, you could multiply by + 12.60%, add the gain and see the home should be worth $108,096.97 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 1997 to 1999:
+ 4.20%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .
- Honolulu-HI decreased by - 5.64% between 1997 and 1999
- Williamsport-PA decreased by - 0.53% between 1997 and 1999
- Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
- Ithaca-NY only increased + 0.26% between 1997 and 1999
- Reading-PA only increased + 1.79% between 1997 and 1999
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 80106 - ELBERT, CO
MSA Pop: 572264Zip Pop: 3415
Avg Value: 226800
County: EL PASO
Elev: 6008
Region: West
Lat: 39.058549
Long: -104.593857