Real Estate Appreciation for Colorado Springs, Colorado: + 18.49%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Colorado Springs, Colorado MSA appreciation it was + 18.49% (+ 6.16% yearly) from 2000 to 2002.
During the same time period, CO had + 21.28% (+ 7.09% yearly).
From 2000 to 2002, Colorado outperformed the individual Colorado Springs, Colorado MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Colorado-Springs-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 131.45 | + 0.66% | + 2.63% |
| 2000 | 3 | 133.83 | + 1.81% | + 7.24% |
| 2000 | 4 | 136.08 | + 1.68% | + 6.72% |
| 2001 | 1 | 140.61 | + 3.33% | + 13.32% |
| 2001 | 2 | 143.16 | + 1.81% | + 7.25% |
| 2001 | 3 | 146.22 | + 2.14% | + 8.55% |
| 2001 | 4 | 147.87 | + 1.13% | + 4.51% |
| 2002 | 1 | 149.31 | + 0.97% | + 3.90% |
| 2002 | 2 | 150.5 | + 0.80% | + 3.19% |
| 2002 | 3 | 153.26 | + 1.83% | + 7.34% |
| 2002 | 4 | 154.73 | + 0.96% | + 3.84% |
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 $102,000.00 in 2000, you could multiply by + 18.49%, add the gain and see the home should be worth $120,855.04 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2000 to 2002:
+ 6.16%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Modesto-CA, Vallejo-Fairfield-CA, and Napa-CA .
- Barnstable-Town-MA increased + 49.98% from 2000 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased + 47.67% from 2000 to the end of 2002
- Modesto-CA increased + 47.60% from 2000 to the end of 2002
- Vallejo-Fairfield-CA increased + 46.66% from 2000 to the end of 2002
- Napa-CA increased + 45.33% from 2000 to the end of 2002
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