Real Estate Appreciation for Honolulu, Hawaii: - 13.12%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Honolulu, Hawaii did compared to the state as a whole.
The Honolulu, Hawaii MSA property value change was - 13.12% (- 3.28% yearly).
All of the property in HI averaged - 10.39% change in value (- 2.60% yearly).
Honolulu-HI
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 100.81 | + 0.81% | + 3.24% |
| 1995 | 3 | 101.16 | + 0.35% | + 1.39% |
| 1995 | 4 | 101.42 | + 0.26% | + 1.03% |
| 1996 | 1 | 98.36 | - 3.02% | - 12.07% |
| 1996 | 2 | 96.21 | - 2.19% | - 8.74% |
| 1996 | 3 | 93.1 | - 3.23% | - 12.93% |
| 1996 | 4 | 92.08 | - 1.10% | - 4.38% |
| 1997 | 1 | 90.01 | - 2.25% | - 8.99% |
| 1997 | 2 | 88.13 | - 2.09% | - 8.35% |
| 1997 | 3 | 88.3 | + 0.19% | + 0.77% |
| 1997 | 4 | 87.18 | - 1.27% | - 5.07% |
| 1998 | 1 | 87.13 | - 0.06% | - 0.23% |
| 1998 | 2 | 86.84 | - 0.33% | - 1.33% |
| 1998 | 3 | 87.82 | + 1.13% | + 4.51% |
| 1998 | 4 | 86.88 | - 1.07% | - 4.28% |
There are a lot of ways to use the appreciation data for Honolulu, Hawaii .
Lets look at Kapolei, Hawaii, a city located in Honolulu, Hawaii MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Kapolei, Hawaii check out Spec-Loan.com
If you were going to do a Kapolei, Hawaii Refinance, or Kapolei, Hawaii Reverse Mortgages, you could estimate your home value.
If you knew your Kapolei, Hawaii home was worth $93,000.00 in 1995, you could multiply by - 13.12%, add the gain and see the home should be worth $80,798.40 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Honolulu-HI from 1995 to 1998:
- 3.28%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
- Bay-City-MI increased + 32.31% from 1995 to the end of 1998
- Jackson-MI increased + 31.57% from 1995 to the end of 1998
- Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
- Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998
In contrast, the worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .
- Honolulu-HI decreased by - 13.12% between 1995 and 1998
- Utica-Rome-NY only increased + 0.14% between 1995 and 1998
- Madera-CA only increased + 2.89% between 1995 and 1998
- Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
- Redding-CA only increased + 4.10% between 1995 and 1998
Zip Code in MSA: 96707 - KAPOLEI, HI
MSA Pop: 902704Zip Pop: 25054
Avg Value: 221700
County: HONOLULU
Elev: 32
Region: West
Lat: 21.335401
Long: -158.091789