Appreciation for MSAs:.

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 + 16.84% (+ 5.61% yearly) from 2004 to 2006.

During the same time period, CO had + 12.68% (+ 4.23% yearly). You can see that the Colorado Springs, Colorado MSA experienced higher appreciation in this case.

Colorado-Springs-CO

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2004 2 161.55 + 0.67% + 2.69%
2004 3 165.44 + 2.41% + 9.63%
2004 4 167.59 + 1.30% + 5.20%
2005 1 169.45 + 1.11% + 4.44%
2005 2 174.47 + 2.96% + 11.85%
2005 3 177.13 + 1.52% + 6.10%
2005 4 180.28 + 1.78% + 7.11%
2006 1 181.73 + 0.80% + 3.22%
2006 2 183.33 + 0.88% + 3.52%
2006 3 184.75 + 0.77% + 3.10%
2006 4 187.5 + 1.49% + 5.95%


Lets look at Elbert, Colorado, a city located in Colorado Springs, Colorado 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 Elbert, Colorado Refinance, or Elbert, Colorado Reverse Mortgages, you could estimate your home value.

If you knew your Elbert, Colorado home was worth $110,000.00 in 2004, you could multiply by + 16.84%, add the gain and see the home should be worth $128,528.70 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Colorado-Springs-CO from 2004 to 2006:
+ 5.61%

Appreciation Comparisons

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .

  1. Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
  2. Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
  3. Bend-OR increased + 75.09% from 2004 to the end of 2006
  4. Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
  5. Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006

Zip Code in MSA: 80106 - ELBERT, CO

MSA Pop: 572264
Zip Pop: 3415
Avg Value: 226800
County: EL PASO
Elev: 6008
Region: West
Lat: 39.058549
Long: -104.593857