Real Estate Appreciation for New Haven Milford, Connecticut: + 11.37%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how New Haven Milford, Connecticut did compared to the state as a whole.
The New Haven Milford, Connecticut MSA property value change was + 11.37% (+ 2.84% yearly).
All of the property in CT averaged + 12.09% change in value (+ 3.02% yearly).
New-Haven-Milford-CT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 100.79 | + 0.79% | + 3.16% |
| 1995 | 3 | 103.69 | + 2.88% | + 11.51% |
| 1995 | 4 | 103.74 | + 0.05% | + 0.19% |
| 1996 | 1 | 104.61 | + 0.84% | + 3.35% |
| 1996 | 2 | 103.04 | - 1.50% | - 6.00% |
| 1996 | 3 | 101.44 | - 1.55% | - 6.21% |
| 1996 | 4 | 102.2 | + 0.75% | + 3.00% |
| 1997 | 1 | 102.19 | - 0.01% | - 0.04% |
| 1997 | 2 | 102.13 | - 0.06% | - 0.23% |
| 1997 | 3 | 103.62 | + 1.46% | + 5.84% |
| 1997 | 4 | 105.27 | + 1.59% | + 6.37% |
| 1998 | 1 | 108.06 | + 2.65% | + 10.60% |
| 1998 | 2 | 108.14 | + 0.07% | + 0.30% |
| 1998 | 3 | 109.51 | + 1.27% | + 5.07% |
| 1998 | 4 | 111.37 | + 1.70% | + 6.79% |
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 New-Haven-Milford-CT here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Connecticut, you can do some research at Spec-Loan.com.
If you were going to do a Branford, Connecticut Refinance, or Branford, Connecticut Reverse Mortgages, you could estimate your home value.
If you knew your Branford, Connecticut home was worth $93,000.00 in 1995, you could multiply by + 11.37%, add the gain and see the home should be worth $103,574.10 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for New-Haven-Milford-CT from 1995 to 1998:
+ 2.84%
Appreciation Comparisons
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
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
Zip Code in MSA: 6405 - BRANFORD, CT
MSA Pop: 841873Zip Pop: 28670
Avg Value: 171000
County: NEW HAVEN
Elev: 10
Region: Northeast
Lat: 41.27782
Long: -72.7967