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 Elmira, New York MSA appreciated + 14.12% (+ 3.53% yearly) for the period between 1999 and the end of 2002.

The state had + 42.15% total appreciation (+ 10.54% yearly). The state average for New York was higher than the real estate appreciation in the Elmira, New York 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 +198.62% faster than this MSA.

Elmira-NY

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1999 2 105.3 - 4.10% - 16.39%
1999 3 108.6 + 3.13% + 12.54%
1999 4 107.48 - 1.03% - 4.13%
2000 1 111.56 + 3.80% + 15.18%
2000 2 113.28 + 1.54% + 6.17%
2000 3 114.92 + 1.45% + 5.79%
2000 4 112.54 - 2.07% - 8.28%
2001 1 118.14 + 4.98% + 19.90%
2001 2 117.14 - 0.85% - 3.39%
2001 3 123.34 + 5.29% + 21.17%
2001 4 119.23 - 3.33% - 13.33%
2002 1 119.69 + 0.39% + 1.54%
2002 2 119.34 - 0.29% - 1.17%
2002 3 121.02 + 1.41% + 5.63%
2002 4 125.3 + 3.54% + 14.15%


If you need information on Hard Money Rehab Loans in Chemung, New York look at Spec-Loan.com

If you were going to do a Chemung, New York Refinance, or Chemung, New York Reverse Mortgages, you could estimate your home value.

If you knew your Chemung, New York home was worth $101,000.00 in 1999, you could multiply by + 14.12%, add the gain and see the home should be worth $115,257.74 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Elmira-NY from 1999 to 2002:
+ 3.53%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .

  1. Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
  2. Napa-CA increased + 71.93% from 1999 to the end of 2002
  3. Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
  4. San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
  5. Salinas-CA increased + 68.96% from 1999 to the end of 2002

In contrast, the worst 5 MSAs from 1999 to 2002 were Ogden-Clearfield-UT, Lewiston-ID-WA, Midland-TX, Coeur-d'Alene-ID, and Lawton-OK .

  1. Ogden-Clearfield-UT only increased + 5.18% between 1999 and 2002
  2. Lewiston-ID-WA only increased + 5.52% between 1999 and 2002
  3. Midland-TX only increased + 6.09% between 1999 and 2002
  4. Coeur-d'Alene-ID only increased + 6.12% between 1999 and 2002
  5. Lawton-OK only increased + 6.71% between 1999 and 2002

Zip Code in MSA: 14825 - CHEMUNG, NY

MSA Pop: 90413
Zip Pop: 918
Avg Value: 62200
County: CHEMUNG
Elev: 873
Region: Northeast
Lat: 42.047481
Long: -76.61873