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 Modesto, California MSA appreciation it was + 30.86% (+ 15.43% yearly) from 2000 to 2001.

During the same time period, CA had + 21.28% (+ 10.64% yearly). You can see that the Modesto, California MSA experienced higher appreciation in this case.

Modesto-CA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2000 2 117.55 + 2.01% + 8.05%
2000 3 122.16 + 3.92% + 15.69%
2000 4 127.9 + 4.70% + 18.80%
2001 1 135.15 + 5.67% + 22.67%
2001 2 143.05 + 5.85% + 23.38%
2001 3 148.37 + 3.72% + 14.88%
2001 4 150.79 + 1.63% + 6.52%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Ceres, California Refinance, or Ceres, California Reverse Mortgages, you could estimate your home value.

If you knew your Ceres, California home was worth $101,000.00 in 2000, you could multiply by + 30.86%, add the gain and see the home should be worth $132,168.62 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Modesto-CA from 2000 to 2001:
+ 15.43%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 95307 - CERES, CA

MSA Pop: 492233
Zip Pop: 32874
Avg Value: 113200
County: STANISLAUS
Elev: 86
Region: West
Lat: 37.586594
Long: -120.954239