Real Estate Appreciation for Grand Junction, Colorado: - 34.70%
Appreciation for MSAs:.
Let's start by comparing Grand Junction, Colorado to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of - 34.70% (- 8.67% yearly) for the Grand Junction, Colorado MSA.
The entire state of CO had + 5.81% appreciation (+ 1.45% yearly).
The state average for Colorado was higher than the real estate appreciation in the Grand Junction, Colorado MSA. This means the conditions in the MSA for real estate investment were worse by -116.74%.
Grand-Junction-CO
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1982 | 2 | 90.8 | + 8.20% | + 32.79% |
| 1982 | 3 | 76.67 | - 15.56% | - 62.25% |
| 1982 | 4 | 79.86 | + 4.16% | + 16.64% |
| 1983 | 1 | 83.91 | + 5.07% | + 20.29% |
| 1983 | 2 | 87.03 | + 3.72% | + 14.87% |
| 1983 | 3 | 79.91 | - 8.18% | - 32.72% |
| 1983 | 4 | 76.24 | - 4.59% | - 18.37% |
| 1984 | 1 | 74.31 | - 2.53% | - 10.13% |
| 1984 | 2 | 62.4 | - 16.03% | - 64.11% |
| 1984 | 3 | 63.01 | + 0.98% | + 3.91% |
| 1984 | 4 | 63.89 | + 1.40% | + 5.59% |
| 1985 | 1 | 63.04 | - 1.33% | - 5.32% |
| 1985 | 2 | 53.59 | - 14.99% | - 59.96% |
| 1985 | 3 | 58.36 | + 8.90% | + 35.60% |
| 1985 | 4 | 54.8 | - 6.10% | - 24.40% |
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 Grand-Junction-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 Grand Junction, Colorado Refinance, or Grand Junction, Colorado Reverse Mortgages, you could estimate your home value.
If you knew your Grand Junction, Colorado home was worth $67,000.00 in 1982, you could multiply by - 34.70%, add the gain and see the home should be worth $43,751.19 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Grand-Junction-CO from 1982 to 1985:
- 8.67%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 81502 - GRAND JUNCTION, CO
MSA Pop: 124676Zip Pop: 0
Avg Value: 0
County: MESA
Elev: 4597
Region: West
Lat: 39.076318
Long: -108.631028